232 State Route 32 S, New Paltz, NY 12561
- $492,900
- Sold Price
- $492,900
- List Price
- $495,000
- Status
- CLOSED
- Days on Market
- 177
- Closing Date
- Feb 27, 2026
- MLS#
- 851288
- Subtype
- Residential Income
- Style
- Ranch
- Year Built
- 1900
- Lot Size
- 91,476
- Acres
- 2.10
- Neighborhood
- New Paltz
Property Description
Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don't miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal.Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4,450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area easily renting for around 1,800. That means there's room to increase your monthly income to approximately 5,400/month. Tenants pay all utilities, including heat and electricity, making this an ideal low-expense investment. Recent upgrades include: Newer roof,Updated flooring, Renovated bathrooms, Durable plastic septic system Located just off Route 32 South with a shared driveway, the property also has frontage on Brookside Road—offering potential to add a second private entrance. A multi-bay shed is included on the property, featuring three small bays and one larger bay—perfect for storage or renting out for additional income.
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Additional Information
- Interior Features
- Other
- Taxes
- $6,984
- Property Description
- Ranch
- Heating
- Baseboard, Electric, Other
- Air Conditioning
- None
- School District
- New Paltz
- Elementary School
- Duzine
- Middle School
- New Paltz Middle School
- High School
- New Paltz Senior High School
Mortgage Calculator
Listing courtesy of Listing Agent: Jason W. Schobert (jschobert@stevensre.com) from Listing Office: eXp Realty.
Selling Office: eXp Realty.