Centrally located in the Village of Wallkill, this historic 2,550 sq ft Folk Victorian offers a rare opportunity to own a legal multi-family with a fully separate one-bedroom apartment. Set on a newly fenced half-acre lot, the property provides flexible options for rental income, short-term rental potential, or private space for extended guests. On the first floor, the home features newly refinished hardwood floors and an easy layout connecting the kitchen, dining room, and living room. Upstairs are three bedrooms and a full bath; the primary includes a flex space for an office and plumbing in place for a future kitchenette or additional bathroom. Both floors have central air conditioning. A second-story balcony overlooks a beautiful, tranquil backyard with mature hardwoods, including northern red oak and a redbud, while a sugar maple anchors the front yard. Through the backyard, access the legal one-bedroom apartment with its own brand-new exterior entrance and a new elevated deck large enough for outdoor dining. The apartment includes a full kitchen and bathroom, ideal for rental income or a dedicated home office. Pride of ownership shows throughout with major mechanical upgrades since 2016, including replacement of basement beams, a Bosch boiler, replacement of 11 windows, and a consistently dry basement that reflects the home's low effective age and strong structural condition. The property includes two garages -- one with a new door and motor suitable for a vehicle, and a second rear garage for storage or equipment. A long and wide driveway space provides ample parking for several vehicles. Enjoy walkability to elementary and middle schools, athletic fields, restaurants, shops, the Wallkill Valley Rail Trail, the library, and scenic parks -- plus front-row access to the Village's annual St. Patrick's Day parade.