236 Route 32 S, New Paltz

$475,000

4 Beds
0 Bath
2,937 Sqft
1.06 Acres
0 Garage

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.

Essential Information
MLS® #20251014
Price$475,000
Bedrooms4
Bathrooms0.00
Square Footage2,937
Acres1.06
Year Built1900
TypeResidential Income
Sub-TypeTriplex
StatusActive
Community Information
Address236 Route 32 S
AreaNew Paltz
CityNew Paltz
CountyUlster
StateNY
Zip Code12561
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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