232 State Route 32 S, New Paltz, NY 12561

Local realty services provided by:Better Homes and Gardens Real Estate Green Team
232 State Route 32 S,New Paltz, NY 12561
$495,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: jason w. schobert
Office: exp realty
MLS#:851288
Source:OneKey MLS

Price summary

  • Price:$495,000

About this home

Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don't miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal.Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4,450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area easily renting for around 1,800. That means there's room to increase your monthly income to approximately 5,400/month. Tenants pay all utilities, including heat and electricity, making this an ideal low-expense investment. Recent upgrades include: Newer roof,Updated flooring, Renovated bathrooms, Durable plastic septic system Located just off Route 32 South with a shared driveway, the property also has frontage on Brookside Road—offering potential to add a second private entrance. A multi-bay

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Home facts

  • Year built:1900
  • Listing ID #:851288
  • Added:206 day(s) ago
  • Updated:November 15, 2025 at 09:25 AM

Heating and cooling

  • Heating:Baseboard, Electric

Structure and exterior

  • Year built:1900
  • Lot area:2.1 Acres

Schools

  • High school:New Paltz Senior High School
  • Middle school:New Paltz Middle School
  • Elementary school:Duzine

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$495,000
  • Tax amount:$6,985 (2024)
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