236 State Route 32 S, New Paltz, NY 12561

Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
236 State Route 32 S,New Paltz, NY 12561
$475,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:jason w. schobert
Office:exp realty
MLS#:851301
Source:OneKey MLS

Price summary

  • Price:$475,000

About this home

Excellent Investment Opportunity - Fully Occupied 3-Family with Expansion Potential This income-generating 3-family property is fully occupied and currently bringing in 4,350 per month, with tenants responsible for all utilities. The building features two 1-bedroom units and one 2-bedroom unit, with an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits—unlocking even more income potential. Highlights include a durable metal roof, ample off-street parking with space for more vehicles than needed, and a solid rental history. While the exterior could benefit from some TLC, the property offers strong bones and immediate cash flow. The current rent roll is below market, leaving room for future rent increases and higher returns.

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Home facts

  • Year built:1900
  • Listing ID #:851301
  • 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:1.06 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:$475,000
  • Tax amount:$6,825 (2024)
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