163 Chambers Street, Newburgh, NY 12550
Local realty services provided by:Better Homes and Gardens Real Estate Green Team



163 Chambers Street,Newburgh, NY 12550
$589,000
- 9 Beds
- 4 Baths
- 2,880 sq. ft.
- Multi-family
- Active
Listed by:joseph polatseck
Office:joseph polatseck
MLS#:893445
Source:One Key MLS
Price summary
- Price:$589,000
- Price per sq. ft.:$204.51
About this home
*Exceptional Investment Opportunity!*
Discover a rare gem in the heart of Newburgh! This charming 4-unit brick building offers a unique blend of strong returns, low maintenance, and growth potential. With a 10.5%+ cap rate, recent renovations (2019), and a prime location near the Hudson River waterfront, this property is poised for long-term success.
*Key Highlights:*
- *Strong Cap Rate*: 10.5%+ potential for high returns on investment
- *Renovated Property*: Modern amenities and reduced maintenance costs
- *Prime Location*: Scenic views and growth potential in Newburgh's heart
- *Income Potential*: 4-unit building with stable rental income potential
*Schedule a showing today* and seize this fantastic investment opportunity! BTW, utilities for top 2 floors are paid by the owner. Don't miss out!
Contact an agent
Home facts
- Year built:1890
- Listing Id #:893445
- Added:21 day(s) ago
- Updated:July 29, 2025 at 11:48 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,880 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1890
- Building area:2,880 sq. ft.
- Lot area:0.06 Acres
Schools
- High school:Newburgh Free Academy
- Middle school:MEADOW HILL GLOBAL EXPLORATIONS MAGNET SCHOOL
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$589,000
- Price per sq. ft.:$204.51
- Tax amount:$8,939 (2024)
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