36 Wallkill Avenue, Middletown, NY 10940
MULTI_FAMILY - Middletown, NY
- Added:
- Jun 30, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 1 at 6:06 am
Property Features for 36 Wallkill Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Driveway
- Basement
- Unfinished
- Standard status
- Active
- APN
- 330900-025-000-0019-031.000-0000
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10307
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Frame, Vinyl Siding
Listing agent Jonathon Z. Lee (917) 747-6688
Listing office KW Hudson Valley United 9 Bert Crawford Rd, Ste 104, New City, NY (845) 610-6065
Listing date Jun 30, 2026
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use property with 3 total units: 1 commercial storefront plus two 2‑bedroom apartments
- 1,919 SF commercial storefront on the first floor
- Two newly renovated 2‑bedroom apartments on the second floor totaling approx. 1,727 SF
- Each apartment includes a full bath, kitchen, and spacious living room
- Utilities include public water and public sewer; heating is forced air with natural gas
- Detached one‑car garage with driveway parking plus on‑street parking
Overview
The building is located at 36 Wallkill Avenue in Middletown, New York, positioned on a high-visibility corner at a traffic light. This placement can support strong day-to-day accessibility for commercial activity and convenient entry for residential tenants.
The storefront is well suited for personal care and wellness uses such as a hair salon, barbershop, skincare/beauty spa, nail salon, or similar services, subject to municipal approvals. With three updated, move-in/rent-ready units, the property offers a practical layout for investors seeking mixed-use income or for an owner-occupant who wants to operate a business while also holding residential rental units.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.4k | $29.40 |
| − Vacancy | −$1.9k | −$1.01 |
| EGI | $54.5k | $28.39 |
| − OpEx | −$16.3k | −$8.52 |
| NOI | $38.1k | $19.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Orange
- State
- New York
- Longitude
- -74.4251931
- Latitude
- 41.4503027
