234 Route 32 S, New Paltz

$389,000

4 Beds
2 Baths
1,338 Sqft
1.2 Acres
0 Garage

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.

Essential Information
MLS® #20251012
Price$389,000
Bedrooms4
Bathrooms2.00
Square Footage1,338
Acres1.20
Year Built1900
TypeResidential Income
Sub-TypeDuplex
StatusActive
Community Information
Address234 Route 32 S
AreaNew Paltz
CityNew Paltz
CountyUlster
StateNY
Zip Code12561
Amenities
UtilitiesElectricity Connected
ParkingParking Lot
Interior
HeatingBaseboard, Electric
CoolingNone
Exterior
ExteriorFrame
ConstructionFrame
School Information
DistrictNew Paltz Central
Additional Information
ZoningR1
Listing Details
AgentJason Schobert
Listing Courtesy of eXp Realty, LLC
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