234 State Route 32 S, New Paltz, NY 12561

Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
234 State Route 32 S,New Paltz, NY 12561
$389,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: jason w. schobert
Office: exp realty
MLS#:851293
Source:OneKey MLS

Price summary

  • Price:$389,000

About this home

Turn-Key Investment Opportunity in New Paltz! Fully occupied and income-producing, this well-maintained 2-family property is a prime addition to any investor's portfolio. Located in the heart of New Paltz with low taxes, this property features two spacious 2-bedroom, 1-bath units, each offering 1,138 sq ft of comfortable living space. Both units are occupied by long-term tenants — one for 7 years — currently generating 1,650 and 1,400/month, with tenants responsible for all utilities. That's 3,050/month in rental income with room to grow, as current rents are below market value — comparable 2-bedroom rentals in the area are averaging around 2,000/month. Additionally, the property includes a concrete block shed, offering further income potential through storage rental or other creative uses.

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1900
  • Listing ID #:851293
  • Added:238 day(s) ago
  • Updated:December 17, 2025 at 10:50 AM

Heating and cooling

  • Heating:Baseboard, Electric

Structure and exterior

  • Year built:1900
  • Lot area:1.2 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:$389,000
  • Tax amount:$8,004 (2024)
Copyright 2025 OneKey MLS. All rights reserved. Listings courtesy of OneKey MLS as distributed by MLS GRID <lastMLSCheckTimestamp>. OneKey MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. OneKey MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of OneKey MLS.

New listings near 234 State Route 32 S