Nice three-bedroom house on the Rail Trail in the Village of New Paltz, with a separate commercial space. The first floor of the two-level residence includes a comfortable living room, eat-in-kitchen, and oversized full bathroom. The second floor has three bedrooms, an office, and a second full bath. The ground floor also features a renovated commercial space with it's own private entrance and bathroom. This property is ideal for someone wanting to live in the walkable core of the Village of New Paltz while also operating a home business. Three-minute walk to Downtown's vibrant restaurants, shops, bars, cafes, and library. Twelve minute walk to SUNY New Paltz campus. The house borders the Rail Trail to the rear, providing direct local and regional recreational access. Plenty of on-site parking, with seven parking spaces, easily accommodating visiting clients. North Chestnut Street frontage provides great convenience and branding for any business. The building works will as an investment property as well, with the current month-to-month tenants paying 2,520 dollars per month for the residence and 1,025 dollars per month for the commercial space. A new home owner may wish to keep the commercial tenant to generate income. The building received a new roof in 2021 and is in very good condition. Affordable real estate taxes of just 6,404 dollars per year. Property Income & Expenses + full Property Inspection Report available upon request. Note that we didn't take pictures of the bedrooms in the residence out of respect for the tenants' privacy.