230 State Route 32 N, New Paltz, NY 12561

Property Description

An equally compelling opportunity for either an owner-occupant or investor seeking a newer, efficient property with much of the heavy infrastructure already addressed. This THREE-FAMILY offers a rare combination of low-maintenance infrastructure, energy efficiency, and consistently strong rental demand. Built new in 2020, the property has also seen major system upgrades including a new septic system (2020), new well (2022), water treatment/filtration systems, and a resurfaced driveway (2026). The building includes three well-planned apartments: a 2-bed, 1-bath 1st floor unit, a 1-bed, 1-bath 2nd floor unit with private deck, and a 3-bed, 2.5 bath unit occupied by the same excellent tenants for the past six years. All three apartments include in-unit washers/dryers, dishwashers, and efficient Mitsubishi mini-split systems providing both heat and A/C. Units 1 + 2 also feature HP HWHs, helping keep utility costs modest for tenants. Designed with both livability and practicality in mind, the apartments appeal equally to an array of long-term renters. Outdoor space, ample parking, and a setting slightly removed from the road contribute to the property’s quiet, easy feel, while proximity to the Village of New Paltz, SUNY NP, the rail trail, NYS Thruway, Rosendale, Kingston, and the Gunks continues to support strong occupancy and very low vacancy history. This is a solid investment from every point of view.