234 State Route 32 S, New Paltz, NY 12561
- $380,540
- Sold Price
- $380,540
- List Price
- $389,000
- Status
- CLOSED
- Days on Market
- 176
- Closing Date
- Feb 27, 2026
- MLS#
- 851293
- Subtype
- Residential Income
- Year Built
- 1900
- Lot Size
- 52,272
- Acres
- 1.20
- Neighborhood
- New Paltz
Property Description
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.
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Additional Information
- Interior Features
- First Floor Bedroom
- Taxes
- $8,003
- Heating
- Baseboard, Electric
- 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.