Three-Family Residential Income
For Sale
$575,000
491 State Route 32, Wallkill, NY 12589
Fully occupied three-family with expansive yard and parking, offering unit income and detached garage revenue potential.
Property Size2,761 SF
Lot Size2.50 Acres
Days on Market50
Property Features for 491 State Route 32
General Information
Standard status
Active
Size
2,761 SF
Lot size
2.50 Acres
Property subtype
Investment
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,031
Building Details
Building Size
2,761 SF
Year Built
1940
Units
3
Tenancy
Multi
Listing Agency:
HomeSmart Homes and Estates
(845) 674-7386
Listed By:
Michael Cahill · License #10401335508
(845) 674-7386
Source:
Elliman
Added: Jun 24
Changed: Aug 8
Last Checked: Aug 11 at 9:44AM
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 HomeSmart Homes and Estates
Investment Insights
Based on property information with market context.
This three-family residential income property is currently fully occupied, with three occupied units in place. The home sits on a spacious, open lot set well back from the road, providing a sprawling yard and ample green space. An oversized driveway supports on-site parking for tenants and visitors, and a detached garage adds a secondary revenue possibility for additional rental income.
The property is located within the Wallkill School District. The surrounding area offers a country-setting feel while still being described as convenient to major commuter routes as well as shopping, dining, and recreation.
For buyers and operators seeking a straightforward, occupied rental asset, the current three-unit occupancy can support immediate in-place income from the property’s units. The detached garage provides an additional component that may help diversify income within the same site, while the yard and parking configuration are practical for day-to-day tenant use. With the property set back from the road, it also offers a quieter residential setting that may appeal to long-term renters.
The property is located within the Wallkill School District. The surrounding area offers a country-setting feel while still being described as convenient to major commuter routes as well as shopping, dining, and recreation.
For buyers and operators seeking a straightforward, occupied rental asset, the current three-unit occupancy can support immediate in-place income from the property’s units. The detached garage provides an additional component that may help diversify income within the same site, while the yard and parking configuration are practical for day-to-day tenant use. With the property set back from the road, it also offers a quieter residential setting that may appeal to long-term renters.
Key Highlights
- Fully occupied 3‑family property built in 1940 with three units currently occupied
- 2.5‑acre lot in the Wallkill School District
- Detached garage offers potential for additional rental income
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 12589, NY
16,935
Population
5,871
Households
2.9
Avg Household Size
41
Median Age
23%
College-Educated
90%
High-School Grad
59.5 sq mi
ZIP Area
285
Density / Sq Mi
$118,214
Median Household Income
$55,021
Median Earnings
$1,149
Median Rent
$342,400
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?
Triplex - Fully occupied three-family with expansive yard and parking, offering unit income and detached garage revenue potential.
Where is this triplex located?
The property is located at 491 State Route 32 Wallkill, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Fully occupied 3‑family property built in 1940 with three units currently occupied; 2.5‑acre lot in the Wallkill School District; Detached garage offers potential for additional rental income
