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Triplex on Two-and-a-half-Acre Lot
For Sale
$575,000

491 State Route 32, Wallkill, NY 12589

MULTI_FAMILY - Wallkill, NY

Property SizeContact for details
Lot Size2.50 Acres
Days on Market48

Property Features for 491 State Route 32

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Basement
Parking features Driveway
Basement Finished
Elementary school Leptondale Elementary School
Middle school John G Borden Middle School
High school Wallkill Senior High School
Elementary school district Wallkill
Middle school district Wallkill
High school district Wallkill
Standard status Active
APN 334600-004-000-0002-022.000-0000
Lot size 2.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7032

Utilities

Sewer type Septic Tank
Heating system Electric (Heating)
Cooling system Ductless
Water source Well

Building Details

Year built 1940
Number of units 3
Building materials Frame, Stone
Listing Agency: HomeSmart Homes & Estates · HomeSmart International
Listed By: Michael Cahill · License #10401335508
Added: Jun 18 Changed: Aug 3 Last Checked: Aug 4 at 7:06PM
MLS# 1015557

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.

Investment Insights

Based on property information with market context.

This fully occupied triplex offers three occupied units in a three-family setup, with potential for additional rental income from a detached garage. The property sits well back from the road on a 2.5-acre lot, providing a sprawling yard, ample green space, and an oversized driveway designed to accommodate abundant parking for tenants and visitors.

Built in 1940, the structure is constructed of frame and stone. Heating is electric, and cooling is ductless. Water is supplied by a well, and wastewater is handled by a septic tank.

Located at 491 State Route 32 in Wallkill, NY, the property combines a country-like setting with convenient access to major commuter routes, shopping, dining, and recreation.

Key Highlights

  • Fully occupied triplex with three occupied units
  • 2.5‑acre lot set well back from the road with sprawling yard
  • Detached garage provides potential for additional rental income

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Auto Repair Shop Hair Salon Restaurant Law Firm Garden Center Plumbing Service

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

100%
Occupancy
Multi-tenant
Tenancy

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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Fully occupied triplex with electric heating and ductless cooling, plus a detached garage for potential additional rental income.
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 triplex with three occupied units; 2.5‑acre lot set well back from the road with sprawling yard; Detached garage provides potential for additional rental income
More about this property
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