234 State Route 32 S, New Paltz, NY 12561

Local realty services provided by:Better Homes and Gardens Real Estate Green Team
234 State Route 32 S,New Paltz, NY 12561
$389,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
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.

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Home facts

  • Year built:1900
  • Listing ID #:851293
  • Added:155 day(s) ago
  • Updated:September 25, 2025 at 01:28 PM

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)
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