72-1/2 Henry Avenue, Newburgh, NY 12550
Local realty services provided by:Better Homes and Gardens Real Estate Choice Realty
72-1/2 Henry Avenue,Newburgh, NY 12550
$385,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: hamar j. clarke
Office: clarke realty & associates llc.
MLS#:986632
Source:OneKey MLS
Price summary
- Price:$385,000
About this home
PRICE IMPROVEMENT!! 72-1/2 Henry Avenue presents a standout opportunity in the heart of Newburgh’s Washington Heights neighborhood. Ideal for both owner-occupants and savvy investors seeking immediate income with future upside. Set on an oversized double lot, this legal two-family property with separate utilities offers approximately 1,452 square feet with two residential units plus an additional income-producing garage/storage rental, creating multiple revenue streams from day one. The first-floor apartment features a spacious 2-bedroom layout with backyard and deck access, while the second-floor unit is a vacant 1-bedroom perfect for a buyer looking to move right in or secure a new market-rate tenant. The extra-wide lot adds rare value and flexibility not often found in city properties.
For an owner-occupant, this is the ultimate house-hack opportunity: live comfortably in the vacant unit while collecting rent from the occupied apartment and rented garage space. In many cases, the incoming rent can offset a substantial portion of your monthly mortgage, helping lower your housing expense while you build equity and long-term wealth. Instead of paying to live somewhere else, let your property work for you.
For investors, the appeal is immediate cash flow with room to grow. With one occupied unit, one vacant unit ready for lease, and separate garage/storage income, the property offers three potential income channels. The double lot may also create future development potential, expansion possibilities, or added land value, subject to municipal approvals and zoning review.
An exciting added benefit is the possibility of exploring RUPCO’s ADU (Accessory Dwelling Unit) grant programs or similar housing initiatives. Because the property sits on a double lot, eligible buyers may wish to investigate whether adding an accessory unit, cottage, or additional housing structure could be possible. Programs like these can help create more housing while increasing long-term property value, subject to qualifications, approvals, and local regulations.
Located near Newburgh’s waterfront dining scene, parks, shopping, major commuter routes, and ferry access to Metro-North Railroad via Beacon, this property combines location, flexibility, and income potential in one smart purchase. Whether you're looking to reduce your living costs, build your portfolio, or unlock future development possibilities, 72-1/2 Henry Avenue is a rare find, book your tour today!...
Contact an agent
Home facts
- Year built:1890
- Listing ID #:986632
- Added:44 day(s) ago
- Updated:May 31, 2026 at 10:46 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Basement:Yes
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Baseboard, ENERGY STAR Qualified Equipment
Structure and exterior
- Year built:1890
- Lot area:0.13 Acres
- Architectural Style:Colonial
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$385,000
- Tax amount:$7,482 (2026)
Parking
- Parking description:Driveway, Off Street, Parking Lot
- Garage:Yes
- Garage spaces:2
New listings near 72-1/2 Henry Avenue
- New
$399,000Active3 beds 1 baths1,479 sq. ft.23 Roosevelt Place, Newburgh, NY 12550
MLS# 996424Listed by: HOWARD HANNA RAND REALTY - New
$560,000Active3 beds 2 baths2,394 sq. ft.305 Oak Lane, Newburgh, NY 12550
MLS# 1003958Listed by: COMPASS GREATER NY, LLC - New
$420,000Active3 beds 2 baths1,464 sq. ft.35 Windwood Drive, Newburgh, NY 12550
MLS# 1005084Listed by: PAYNE TEAM LLC - New
$329,990Active2 beds 2 baths1,050 sq. ft.289 1st Street, Newburgh, NY 12550
MLS# 1006226Listed by: EXP REALTY - New
$479,000Active7 beds 4 baths93 Ann Street, Newburgh, NY 12550
MLS# 1000367Listed by: BRICK AND MORTAR RE LLC - Open Sun, 12 to 1:30pmNew
$539,999Active6 beds 3 baths2,798 sq. ft.19 Victoria Drive, Newburgh, NY 12550
MLS# 1002908Listed by: HOMESMART HOMES & ESTATES - New
$159,900Active3 beds 2 baths1,323 sq. ft.272 Van Ness Street, Newburgh, NY 12550
MLS# 970924Listed by: RIVER REALTY SERVICES, INC. - New
$469,000Active5 beds 4 baths27-28 Williamsburg Drive, Newburgh, NY 12550
MLS# 1003711Listed by: HOMESMART HOMES & ESTATES - Coming Soon
$329,999Coming Soon2 beds 3 baths32 Hasbrouck Street, Newburgh, NY 12550
MLS# 1004700Listed by: EXP REALTY - New
$419,900Active3 beds 1 baths1,256 sq. ft.199 Lakeside Road, Newburgh, NY 12550
MLS# 992833Listed by: CURASI REALTY, INC.