Historic Quadplex with Garage
375 Blumel Middletown, NY 10941
375 Blumel, Middletown, NY, 10941
$1,590,000
For Sale
$1,590,000
MULTI_FAMILY - Middletown, NY
Property Size5,600 SF
Lot Size1.66 Acres
Price / SF$283.93
Days on Market135
Property Features for 375 Blumel
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 2
- Standard status
- Active
- APN
- 3352002411732
- Lot size
- 1.66 Acres
Taxes and HOA fees
- Tax Annual Amount
- 32000
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Hardwood
- Building materials
- Wood Siding
- Roof type
- Metal
Listing Agency
ZORA REI
(516) 491-9053
1225 FRANKLIN AVENUE SUITE 325, GARDEN CITY, NY
Listed by
Keegan Rehill
(516) 307-1340
Added: Mar 4 Checked: Jul 16 at 11:06 pm
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.
Investment Insights
Based on property information with market context.
This historic multi-family property was originally constructed in 1787 and completely renovated in 2024. The building contains four renovated residential units with updated kitchens and modern bathrooms, while preserving the character of the original structure. In addition to the apartments, the property includes five rentable garage units, providing a separate income component.
The property is located at 375 Blumel Road in Scotchtown, New York, within Orange County. It offers generous parking and open space and is positioned for convenient access to major commuter routes, including Route 17 and Interstate 84.
The asset is described as turnkey following the 2024 renovation, with modernized interiors and improved systems supporting continued income production across both the residential and garage components.
The property is located at 375 Blumel Road in Scotchtown, New York, within Orange County. It offers generous parking and open space and is positioned for convenient access to major commuter routes, including Route 17 and Interstate 84.
The asset is described as turnkey following the 2024 renovation, with modernized interiors and improved systems supporting continued income production across both the residential and garage components.
Key Highlights
- Historic multi‑family property originally built in 1787 and fully renovated in 2024
- Approximately 5,600 SF building with 4 renovated residential units
- Each unit features updated kitchens and modern bathrooms
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Restored four-unit residential property with five rentable garage units on 1.66 acres in Orange County, NY.
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: Historic multi‑family property originally built in 1787 and fully renovated in 2024; Approximately 5,600 SF building with 4 renovated residential units; Each unit features updated kitchens and modern bathrooms
