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45 Waterstone Road, 
Greenwood Lake, NY 10925

$640,000


3

Beds


3

Baths


2,229

Sq Ft


Multi-Family

Active

Listed by

Vincent N. Mcateer

Terrie Oconnor

Last updated:

October 14, 2025, 11:23 PM

MLS#

915837

Source:

OneKey MLS

About This Home

45 Waterstone Road

ATTENTION INVESTORS! Don’t miss out on this Incredible multi-family investment opportunity in beautiful Greenwood Lake, NY with four separate income streams including a fully renovated duplex, a large office space and 2-car garage/workshop. Duplex contains an updated 2 BR, 1 bath apt on the main floor with laundry and rear deck, plus a cozy 1 BR, 1 bath apt on the 2nd floor. The purchase also includes the adjacent 2-car garage/workshop with large office on the 2nd floor. Office offers flexible open floor plan for client meetings, 2 private office rms, a kitchenette, half bathroom and balcony. Ideally designed for owner-occupied contractor seeking proper office space immediately above garage/workshop or a mother/daughter scenario. This is a very special, low maintenance property with ample parking in front. Everything has been fully renovated from top to bottom and tastefully executed throughout. New HVAC, mini-splits, electric, plumbing, roofing, siding, windows, doors, deck, carpets/flooring, kitchens, bathrooms, appliances and more. It’s turn-key, move-in ready. Nothing to update, nothing to repair – leave your tools at home! There’s absolutely nothing to do here but start making money!!!! The village welcomes both long- and short-term rentals and this investment property checks all boxes! The pictures do not do this property justice. The apartments are so meticulous that you could eat off the floors! This is prime real estate in a great location within the Village of Greenwood Lake where multi-family investment properties are extremely scarce. Close to everything you need - shops, restaurants, schools, parks, public transportation and best of all – THE LAKE! Walk to Thomas Morahan Waterfront Park to experience the summer concerts or board your boat at a nearby marina. Nearby State Route 17A connects to all the major arteries in under 30 min. such as Route 17, Interstate 287, Interstate 87, Route 6 and Palisades Pkwy. Close to Harriman and Tuxedo train stations. Only 50 miles to NYC. It doesn’t get any better than this. Greenwood Lake is a very special place that has had a massive influx of investors since the onset of Covid. Residents enjoy year-round activities including free summer concerts at the town beach, street fairs, thousands of miles of hiking trails, camping, fishing, power boating, paddle boarding, snow skiing/tubing at nearby Mt. Peter and/or Mt. Creek, lakeside dining, local wineries & apple picking, Renaissance Festival, Apple Festival, Octoberfest, Winter Carnival, & shopping at Woodbury Commons Premium Outlets and much more! Additional details available upon request. Schedule your private tour today!

Home Facts

Multi-Family

3 Baths

3 Bedrooms

Built in 1935

Price Summary

640,000

$287 per Sq. Ft.

MLS #:

915837

Last Updated:

October 14, 2025, 11:23 PM

Added:

24 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3


Structure

Structure

Building Area:

2,229 Sq. Ft.

Year Built:

1935


Lot

Lot Size (Sq. Ft):

6,000


Finances & Disclosures

Finances

Price:

$640,000

Price per Sq. Ft:

$287 per Sq. Ft.

Source:OneKey MLS
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