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Victorian Triplex in New Paltz
For Sale
$999,999

39 N Chestnut St, New Paltz, NY 12561

Charming 1890 brick triplex near SUNY New Paltz campus.

Property Size3,273 SF
Price / SF$305.53
Days on Market98

Property Features for 39 N Chestnut St

General Information

Standard status Active
Size 3,273 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $15,244

Building Details

Building Size 3,273 SF
Year Built 1890
Units 3
Listing Agency: eXp Realty
Listed By: Jacob M. Cohen · License #10401374530
Source: Elliman
Added: May 21 Changed: Aug 23 Last Checked: Aug 26 at 12:12PM

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 eXp Realty

Investment Insights

Based on property information with market context.

Located in the Village of New Paltz, this 1890 brick Victorian triplex at 39 N Chestnut St offers a multifamily property with a total of 3,273 square feet. The property contains three separate units. The first floor features a 2-bedroom apartment with an additional flex room, generating $3,300 per month. The second-floor unit is a 3-bedroom apartment with a monthly rental income of $2,625. The third-floor unit is a 4-bedroom apartment generating $3,000 per month. The total monthly rental income is $8,925, equating to $107,100 annually. A new roof was installed in 2025. Tenants are responsible for their own heat and electric. Off-street parking is available at the rear, along with a detached garage. The property is less than a 10-minute walk to SUNY New Paltz Campus, minutes to the Village’s shops, restaurants, and amenities, approximately one minute to the Rail Trail, and an 8-minute walk to the Trailways bus station.

Key Highlights

  • High Rental Income: Generates $8,925 monthly ($107,100 annually)
  • Prime Location: Highly desirable, walkable area in the Village of New Paltz
  • Multi‑Family Income Property: Well‑maintained triplex offering opportunity for owner‑occupancy or investment

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Garden Center Dental Office Barber Shop (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

847
Businesses Nearby

Demographics for 12561, NY

18,726
Population
7,081
Households
2.6
Avg Household Size
36
Median Age
56%
College-Educated
97%
High-School Grad
60.3 sq mi
ZIP Area
311
Density / Sq Mi
$89,694
Median Household Income
$25,612
Median Earnings
$1,603
Median Rent
$411,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Charming 1890 brick triplex near SUNY New Paltz campus.
Where is this triplex located?
The property is located at 39 N Chestnut St New Paltz, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: High Rental Income: Generates $8,925 monthly ($107,100 annually); Prime Location: Highly desirable, walkable area in the Village of New Paltz; Multi‑Family Income Property: Well‑maintained triplex offering opportunity for owner‑occupancy or investment
More about this property
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