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Renovated Four-Cottage Multifamily Property
New
For Sale
$795,000

692-698 NY-32A, Palenville, NY 12463

Residential Income, Palenville, NY

Property Size2,673 SF
Lot Size1.20 Acres
Price / SF$297.42
Days on Market2

Property Features for 692-698 NY-32A

General Information

Property type Residential Multi Family
Property subtype Other
Zoning 280
Zoning description Multiple Res
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1
Patio and Porch features Porch
Interior features Bookcases, Eat-in Kitchen, High Ceilings, Natural Woodwork
Appliances Water Heater, Washer/Dryer, Refrigerator, Range, Oven
Lot features Landscaped, Native Plants, Views
Elementary school district Catskill School District
Middle school district Catskill School District
High school district Catskill School District
Directions Follow 32A to #692; houses will be on the right. 692 NY-32A Palenville, NY 12463
Subdivision Catskill
Standard status Active
APN 199.08-1-1
Size 2,673 SF
Lot size 1.20 Acres

Taxes and HOA fees

Tax Annual Amount 5972

Utilities

Sewer type Septic Tank
Heating system Oil, Baseboard, Electric (Heating)
Water source Well

Building Details

Year built 1925
Floors in Building 1
Number of units 4
Flooring type Tile, Wood, Bamboo
Building materials Aluminum Siding, Clapboard, Wood Siding
Roof type Asphalt
Architectural style Bungalow
Listing Agency: Coldwell Banker Village Green · Coldwell Banker Real Estate
Listed By: Leslie Foti · License #10401295211
Added: Sep 14 Changed: Sep 15 Last Checked: Sep 15 at 11:06AM
MLS# 20265380

Copyright © 2026 Hudson Valley Catskill Region 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 multifamily property includes four standalone cottages on 1.2 acres, with 2,673 square feet of total property size. The cottages were renovated while retaining individual character and are offered furnished. Interior features include natural woodwork, bookcases, high ceilings, and eat-in kitchens, complemented by wood, bamboo, and tile flooring. The property also includes porches, washers and dryers, ranges, ovens, refrigerators, and water heaters.

Located at 692-698 NY-32A in Palenville, the property sits at the entrance to Kaaterskill Clove and includes mountain views, mature lilac and mulberry trees, and cedar picket fencing. Kaaterskill Falls, North-South Lake, Hunter Mountain, Windham Mountain Club, Woodstock, and Hudson are identified as nearby destinations. The property is served by a well and septic tank and carries zoning designation 280.

The four-cottage configuration supports use as a furnished residential compound, a multigenerational retreat, short-term rentals, or a combination of these uses, as described in the property information.

Key Highlights

  • Four standalone cottages on 1.2 acres
  • 2,673 square feet of total property size
  • Renovated and offered furnished

Property Analytics

Current Use

Short term rental ...

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

76
Businesses Nearby

Demographics for 12463, NY

1,405
Population
825
Households
1.7
Avg Household Size
48
Median Age
27%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
187
Density / Sq Mi
$45,993
Median Household Income
$59,167
Median Earnings
$1,002
Median Rent
$246,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Multifamily property - Four furnished cottages offer flexible residential, retreat, and short-term rental use in an established Catskills setting.
Where is this multifamily property located?
The property is located at 692-698 NY-32A Palenville, NY.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four standalone cottages on 1.2 acres; 2,673 square feet of total property size; Renovated and offered furnished
More about this property
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