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Occupied 3-Unit Triplex
New
For Sale
$550,000

491 State Route 32, Wallkill, NY 12589

Set back from the road, the property includes a detached garage and ample parking for residents and visitors.

Property SizeContact for details
Lot Size2.50 Acres
Days on Market5

Property Features for 491 State Route 32

General Information

Standard status Active
Lot size 2.50 Acres
Property subtype Multi-Family
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 3

Building Details

Year Built 1940
Listing Agency: HomeSmart Homes & Estates
Listed By: Michael Cahill · License #10401335508
Source: Realtyconnectusa
Added: Sep 11 Last Checked: Sep 14 at 5:25PM

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 & Estates

Investment Insights

Based on property information with market context.

Located at 491 State Route 32 in Wallkill, this triplex contains three occupied residences and sits on a 2.5-acre parcel. The property was built in 1940 and includes a detached garage that may offer additional rental potential. An oversized driveway provides parking for residents and guests, while the expansive yard and green space create a more open residential setting.

The property is within the Wallkill School District and is positioned near commuter routes, shopping, dining, and recreation. Its location combines access to everyday conveniences with a setting that is set back from the road. WalkScore rates the area at 1 and BikeScore at 19, reflecting a primarily vehicle-oriented location.

Key Highlights

  • Three occupied residential units
  • 2.5‑acre property in the Wallkill School District
  • Detached garage with additional rental potential

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Restaurant Hair Salon Electrical Service Pharmacy

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

Lease Details

3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Set back from the road, the property includes a detached garage and ample parking for residents and visitors.
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 $550,000.
What are key features of this property?
This property features: Three occupied residential units; 2.5‑acre property in the Wallkill School District; Detached garage with additional rental potential
More about this property
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