Historic Quadplex with Renovated
375 Blumel, Middletown, NY 10941
Farm / Farmhouse, Multi-Unit (2-4) - Middletown, NY
Property size:
5,600 SFLot size:
1.66 AcresPrice / SF:
$283/SF- Added:
- Mar 4, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 1 at 6:06 am
Property Features for 375 Blumel
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- New Construction
- Zoning
- 600
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Garage, Garage - Detached
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 3352002411732
- Size
- 5,600 SF
- Lot size
- 1.66 Acres
Taxes and HOA fees
- Tax Annual Amount
- 32000
Utilities
- Heating system
- Forced Air
Building Details
- Floors in Building
- 2
- Flooring type
- Hardwood
- Building materials
- Wood Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Keegan Rehill (516) 491-9053
Listing office ZORA REI 1225 FRANKLIN AVENUE SUITE 325, GARDEN CITY, NY (516) 491-9053
Listing date Mar 4, 2026
MLS# 11666953
Listing URL
Copyright © 2026 My State 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
- Fully restored historic multi‑family property originally constructed in 1787 and renovated in 2024
- Approximately 5,600 SF building with 4 renovated residential units and updated kitchens and modern bathrooms
- Set on 1.66 acres with generous parking
- Includes five rentable detached garage units for additional income and flexible tenant use
- Metal roof and wood siding; forced‑air heating
- Each unit includes major appliances: dishwasher, washer, dryer, microwave, and refrigerator
Overview
This historic multi-family property was originally constructed in 1787 and has been completely renovated in 2024. The building offers four renovated residential units totaling approximately 5,600 square feet, with updated kitchens, modern bathrooms, and high-quality finishes while preserving the character of the original structure. In addition to the apartments, the property includes five rentable garage units, which can support vehicle storage or flexible supplemental space.
Located at 375 Blumel Road in Scotchtown, New York, the property sits on 1.66 acres and provides open space and generous parking. It is positioned for convenient access to major commuter routes, including Route 17 and Interstate 84, as well as Middletown and other travel corridors throughout Orange County and the Hudson Valley.
For buyers seeking a turnkey residential income property, this quadplex presents a straightforward ownership with modernized interiors and a second revenue component from the conditioned garage units. The combination of four apartment rentals and five garage rentals can appeal to tenants looking for integrated housing and nearby storage options, while offering operators a more versatile approach to tenant and vehicle-related needs.
Located at 375 Blumel Road in Scotchtown, New York, the property sits on 1.66 acres and provides open space and generous parking. It is positioned for convenient access to major commuter routes, including Route 17 and Interstate 84, as well as Middletown and other travel corridors throughout Orange County and the Hudson Valley.
For buyers seeking a turnkey residential income property, this quadplex presents a straightforward ownership with modernized interiors and a second revenue component from the conditioned garage units. The combination of four apartment rentals and five garage rentals can appeal to tenants looking for integrated housing and nearby storage options, while offering operators a more versatile approach to tenant and vehicle-related needs.
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 | $164.6k | $29.40 |
| − Vacancy | −$5.6k | −$1.01 |
| EGI | $159.0k | $28.39 |
| − OpEx | −$47.7k | −$8.52 |
| NOI | $111.3k | $19.88 |
5,600 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.86M
NOI $111,307 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,751 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,766 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Orange
- State
- New York
- Longitude
- -74.36022
- Latitude
- 41.481183
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully renovated historic quadplex with updated apartments and five rentable garage units for flexible rental income.
Where is this quadplex located?
The property is located at 375 Blumel Middletown, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Fully restored historic multi‑family property originally constructed in 1787 and renovated in 2024; Approximately 5,600 SF building with 4 renovated residential units and updated kitchens and modern bathrooms; Set on 1.66 acres with generous parking
