Six-Residence Historic Multifamily
63-73 Old Chester Road, Goshen, NY 10924
For Sale
$2,999,999
Diversified property with established long-term tenancy, licensed short-term rentals, storage, and shop space.
Property Size12,128 SF
Lot Size10.40 Acres
Price / SF$247.36
Days on Market52
Property Features for 63-73 Old Chester Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Hudson Valley Realty & Busines
(631) 321-0100
Listed By:
Steven Brown
(845) 629-2223
Source:
Mikecarrollsellshomes
Added: Sep 19
Changed: Nov 7
Last Checked: Nov 8 at 5:26AM
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 Hudson Valley Realty & Busines
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily compound encompasses 10.4 acres and more than 12,000 square feet across six residences. The principal dwelling dates to 1860, while a preserved two-story barn was constructed in 1861. Original wood exteriors, hand-hewn barn framing, and period details contribute to the property's documented historic character. Additional improvements include the Butterhouse Storage building and the Doghouse Shop.
Four residences—63, 65, 67, 69, 71, and 73 Old Chester Road—are configured for diversified occupancy, with four supporting long-term tenants and two operated as licensed short-term rentals under an Orange County Hotel and Motel Occupancy Tax Certificate of Authority. The short-term rental residences have seven years of continuous Superhost status and rank in the top 5% for guest reviews.
The property is in Goshen, near LEGOLAND New York, with access to Route 17, the New York State Thruway, Campbell Hall Station, and Middletown-Town of Wallkill station. Manhattan is approximately an hour away by car.
Four residences—63, 65, 67, 69, 71, and 73 Old Chester Road—are configured for diversified occupancy, with four supporting long-term tenants and two operated as licensed short-term rentals under an Orange County Hotel and Motel Occupancy Tax Certificate of Authority. The short-term rental residences have seven years of continuous Superhost status and rank in the top 5% for guest reviews.
The property is in Goshen, near LEGOLAND New York, with access to Route 17, the New York State Thruway, Campbell Hall Station, and Middletown-Town of Wallkill station. Manhattan is approximately an hour away by car.
Key Highlights
- 10.4‑acre multifamily compound with more than 12,000 square feet across six residences
- Main dwelling dates to 1860; two‑story barn constructed in 1861
- Four residences have established long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,860
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,537,200
$4.5M
Cap Rate 7%
$3,240,857
$3.2M
Cap Rate 9%
$2,520,667
$2.5M
Market Conditions
NOI Build-Up for 12,128 SF
Gross rent
$427.9K $35.28/SF
− Vacancy
−$15.4K −$1.27/SF
EGI
$412.5K $34.01/SF
− OpEx
−$185.6K −$15.30/SF
NOI
$226.9K $18.71/SF
Area
Orange County, NY
Vacancy
3.60%
Lease Rate
$35.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,537,200
Cap Rate 7%
$3,240,857
Cap Rate 9%
$2,520,667
Alternative Uses
Best Use
Apartment 5plus
$3.24M
$2.84M – $3.78M
NOI $226,860 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.11M
$3.59M – $4.79M
NOI $287,533 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 10924, NY
14,006
Population
5,178
Households
2.7
Avg Household Size
44
Median Age
42%
College-Educated
90%
High-School Grad
40.1 sq mi
ZIP Area
349
Density / Sq Mi
$114,567
Median Household Income
$64,567
Median Earnings
$1,668
Median Rent
$433,600
Median Home Value
Market
Properties on Market for Multifamily properties in Orange County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Diversified property with established long-term tenancy, licensed short-term rentals, storage, and shop space.
Where is this multifamily property located?
The property is located at 63-73 Old Chester Road Goshen, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 10.4‑acre multifamily compound with more than 12,000 square feet across six residences; Main dwelling dates to 1860; two‑story barn constructed in 1861; Four residences have established long‑term tenants
