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Multi-Building Residential Income Compound
For Sale
$2,175,000

589-595 Plank Road, Mount Tremper, NY 12457

MULTI_FAMILY - Other - Mount Tremper, NY

Lot Size5.50 Acres
Days on Market52

Property Features for 589-595 Plank Road

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 9
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 9, Bathroom 4, Bathroom 5, Bathroom 3, Bedroom 3
Parking 10
Parking features Open, Garage
Security features Security Lighting
Window features Insulated Windows, ENERGY STAR Qualified WIndows, Wood Frames, Storm Window(s), Bay Window(s), Skylight(s), Shutters, Double Pane Windows
Patio and Porch features Deck, Porch
Pool private 1
Interior features First Floor Bedroom, First Floor Full Bath, Beamed Ceilings, Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Chefs Kitchen, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Granite Counters, High Speed Internet, In-Law Floorplan, Kitchen Island, Low Flow Plumbing Fixtures, Natural Woodwork, Open Kitchen, Pantry, Master Downstairs, Recessed Lighting, Sauna, Storage, Washer/Dryer Hookup
Exterior features Balcony, Basketball Court, Basketball Hoop, Garden, Gas Grill, Juliet Balcony, Lighting, Rain Gutters
Fireplace 1
Basement Walk-Out Access, Unfinished, Full
Lot features Back Yard, Borders State Land, Front Yard, Garden, Landscaped, Part Wooded, Private, Views, Waterfront, Wooded
View Water
Elementary school Reginald Bennett Elementary School
Middle school Onteora Middle School
High school Onteora High School
Elementary school district Onteora
Middle school district Onteora
High school district Onteora
Directions From rte. 28 west- from Kingston, ny -go about 23 miles then right onto rte. 212 into Mt Tremper, then left at first intersection onto Plank Rd. Down on the right about 1.2 miles
Standard status Active
Lot size 5.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8995

Utilities

Utilities Cable Available
Sewer type Cesspool, Septic Tank
Heating system Forced Air, Electric (Heating), Energy Star Qualified Equipment (Heating)
Cooling system Multi Units, Electric
Water source Spring
Water front features Creek, Beach Front
Water front 1

Building Details

Year built 1870
Number of units 3
Flooring type Hardwood, Tile - Ceramic, Carpet
Building materials Fiberglass Insulation, Shake Siding, Wood Siding
Architectural style Other
Additional Structures Storage, Cabana
Listing Agency: Greene Realty Group
Listed By: Derek J. Greene · License #SBR004802
Added: Jun 10 Changed: Jul 28 Last Checked: Jul 31 at 5:06PM
MLS# 1003516

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.

Offered for sale as a residential income compound featuring 10 distinct buildings set on 5.5 acres with direct Esopus Creek water frontage. The historic farmhouse includes new architectural shingles and premium cedar shakes, a gourmet kitchen with stainless appliances and granite countertops, multiple living areas, and a flexible layout with a guest bedroom and private sauna, plus a third-floor dedicated master suite. A full-property standby generator supports ongoing reliability.

Secondary structures include a duplex with two separate 1-bedroom apartments and extensive workspace, including four garages and a woodworker’s shop. Additional amenities include a light-filled recording/yoga studio with a full bath and multiple rooms, a dedicated climate-controlled office with gas heat, and a separate woodland studio.

Outdoor features include a 20' x 40' inground pool with a 50' deck and a heated pool house. The property is supported by a metered LP gas system, spring water, and a CWC septic system described as offsetting half maintenance cost every three years. 589-595 Plank Road, Mount Tremper, NY 12457.

Key Highlights

  • Historic 1870s farmhouse compound on 5+ park‑like acres with direct Esopus Creek water frontage
  • Ten distinct buildings offering multi‑generational living, guest space, or income potential
  • 20' x 40' inground pool with a heated pool house and cathedral ceilings

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Spa & Massage Center

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

51
Businesses Nearby

Demographics for 12457, NY

738
Population
615
Households
1.2
Avg Household Size
53
Median Age
46%
College-Educated
94%
High-School Grad
11.4 sq mi
ZIP Area
65
Density / Sq Mi
$73,949
Median Household Income
$45,563
Median Earnings
$1,500
Median Rent
$386,100
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 - Historic, multi-building compound on Esopus Creek frontage with generator, pool, and multiple income and studio spaces.
Where is this triplex located?
The property is located at 589-595 Plank Road Mount Tremper, NY.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Historic 1870s farmhouse compound on 5+ park‑like acres with direct Esopus Creek water frontage; Ten distinct buildings offering multi‑generational living, guest space, or income potential; 20' x 40' inground pool with a heated pool house and cathedral ceilings
More about this property
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