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    Newburgh Two-Family Investment Property Title is generated by Realmo AI

    399-401 Liberty Street, Newburgh, NY 12550

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    For Sale
    $385,000

    MULTI_FAMILY - Newburgh, NY

    Lot size:
    0.05 Acres
    Added:
    May 15, 2026
    Days on Market:
    7
    Last Refresh:
    May 21 at 4:06 am

    Property Features for 399-401 Liberty Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Basement
    Parking features
    On Street
    Interior features
    Recessed Lighting
    Basement
    Unfinished, Full
    Standard status
    Active
    APN
    331100-011-000-0004-006.000-0000
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7682

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Brick

    We can help!

    Listing Contact
    Virginia Corbett
    Virginia Corbett

    Listing agent Virginia Corbett License #10401314602

    Listing office eXp Realty 291 Main St., Ste 201 - 2nd Fl, Hauppauge, NY

    Listing date May 15, 2026

    MLS# 999903 Listing URL

    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

    • Immediate rental income from fully occupied two‑family home
    • Long‑term tenants in place through summer 2027
    • Total monthly rental income of $3,950
    • Each unit features 2 bedrooms and 1 full bath with approximately 1,050 square feet
    • Convenient location near Newburgh Waterfront and Mount Saint Mary College
    • Shared backyard and basement providing usable outdoor and storage space

    Overview

    Located in the City of Newburgh, this fully occupied two-family row home offers immediate rental income with long-term tenants already in place through summer 2027. Situated minutes from Newburgh Waterfront and Mount Saint Mary College, 399-401 Liberty Street presents an opportunity for investors seeking a cash-flowing property in Orange County. Each unit features approximately 1,050 square feet with 2 bedrooms and 1 full bath, creating a practical layout for tenants who want comfortable living space with convenient access to dining, shopping, schools, and commuter routes. Both apartments are currently rented, generating $2,000 per month for the upstairs unit and $1,950 per month for the downstairs unit, with all utilities included in rent. The property includes a shared backyard that adds usable outdoor space for tenants, while the basement houses the utilities and provides additional functional storage space. Built in 1900, this row-style property blends classic Newburgh character with stable occupancy and reliable income potential. The lot size is 0.0459 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.010998
    Latitude
    41.509585

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    FAQs

    What type of property is this?
    Duplex - Fully occupied two-family home near Newburgh Waterfront.
    Where is this duplex located?
    The property is located at 399-401 Liberty Street Newburgh, NY.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Immediate rental income from fully occupied two‑family home; Long‑term tenants in place through summer 2027; Total monthly rental income of $3,950
    (845) 582-3790
    We can help!
    Listing Contact
    Virginia Corbett
    Virginia Corbett
    Real Estate License ID: 10401314602
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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