Two-Family Residential Income
For Sale
$399,900
37 Monhagen Ave, Middletown, NY 10940
Renovation-ready two-family layout with off-street parking and outdoor space, supported by available building plans.
Property Size2,151 SF
Lot Size0.50 Acres
Price / SF$185.91
Days on Market51
Property Features for 37 Monhagen Ave
General Information
Standard status
Active
Size
2,151 SF
Lot size
0.50 Acres
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,639
Building Details
Year Built
1890
Units
3
Listing Agency:
Keller Williams Hudson Valley Realty & United
(845) 775-7033
Listed By:
Isaiah Lopez · License #10401313624
(845) 775-7033
Source:
Elliman
Added: Jun 20
Changed: Aug 7
Last Checked: Aug 9 at 8:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Hudson Valley Realty & United
Investment Insights
Based on property information with market context.
This residential income property is currently set up from a prior three-unit configuration, and it will need to be operated as a two-family residence moving forward per city guidelines. The home will require substantial repairs and updates, with building plans available to help complete the first-floor renovation. Inside, the existing footprint supports multiple bedrooms and bathrooms across the unit configuration, while the foundation for the project is already in place for an owner willing to execute improvements.
Set on a nearly half-acre lot in the City of Middletown, the property includes a large driveway offering ample off-street parking, along with a rear deck and a level backyard. The surrounding area is described as convenient to shopping, restaurants, schools, healthcare facilities, public transportation, and major commuter routes.
For contractors and owner-occupants, the available plans and outdoor space make it practical for creating a two-family residence where one unit can be lived in while the other supports rental use. Investors and buyers seeking a value-add approach can also view the property as an opportunity to renovate and refine an income-producing residential asset, with the scope of work and required transition to a two-family setup clearly outlined in the plans.
Set on a nearly half-acre lot in the City of Middletown, the property includes a large driveway offering ample off-street parking, along with a rear deck and a level backyard. The surrounding area is described as convenient to shopping, restaurants, schools, healthcare facilities, public transportation, and major commuter routes.
For contractors and owner-occupants, the available plans and outdoor space make it practical for creating a two-family residence where one unit can be lived in while the other supports rental use. Investors and buyers seeking a value-add approach can also view the property as an opportunity to renovate and refine an income-producing residential asset, with the scope of work and required transition to a two-family setup clearly outlined in the plans.
Key Highlights
- 1890‑built multi‑family home with 2,151 SF, five bedrooms, and three full bathrooms
- Nearly half‑acre lot in the City of Middletown
- Previously a three‑unit property; moving forward, to be used as a two‑family residence per city guidelines
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 10940, NY
52,803
Population
19,930
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
63.1 sq mi
ZIP Area
837
Density / Sq Mi
$87,198
Median Household Income
$46,435
Median Earnings
$1,600
Median Rent
$301,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovation-ready two-family layout with off-street parking and outdoor space, supported by available building plans.
Where is this duplex located?
The property is located at 37 Monhagen Ave Middletown, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1890‑built multi‑family home with 2,151 SF, five bedrooms, and three full bathrooms; Nearly half‑acre lot in the City of Middletown; Previously a three‑unit property; moving forward, to be used as a two‑family residence per city guidelines
