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236 State Route 32 S, 
New Paltz, NY 12561

$475,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Jason W. Schobert

eXp Realty

Last updated:

April 28, 2025, 05:41 PM

MLS#

851301

Source:

LI

About This Home

236 State Route 32 S

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.

Home Facts

Multi-Family

Built in 1900

Price Summary

475,000

MLS #:

851301

Last Updated:

April 28, 2025, 05:41 PM

Added:

14 day(s) ago


Structure

Structure

Architectural Style:

Colonial

Year Built:

1900


Lot

Lot Size (Sq. Ft):

46,174


Finances & Disclosures

Finances

Price:

$475,000

Source:LI
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