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232 State Route 32 S

New Paltz, NY 12561

– beds
– baths
– sqft
~2 acre lot
1900 build
– on site

Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don't miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal.Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4,450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area easily renting for around 1,800. That means there's room to increase your monthly income to approximately 5,400/month. Tenants pay all utilities, including heat and electricity, making this an ideal low-expense investment. Recent upgrades include: Newer roof,Updated flooring, Renovated bathrooms, Durable plastic septic system Located just off Route 32 South with a shared driveway, the property also has frontage on Brookside Road—offering potential to add a second private entrance. A multi-bay shed is included on the property, featuring three small bays and one larger bay—perfect for storage or renting out for additional income.

Listing courtesy of ONEKEY / eXp Realty

Last checked: Checking… • Last updated May 5, 2025 •

MLS# 851288 —

The Building

Year Built:

1900
Basement:

false
Architectural Style:

Ranch
# of Total Units:

3
Building Area Units:

Square Feet
Attic:

Scuttle

Interior

Interior Features:

Other

The Property

Lot Size Acres:

2.1
Parcel Number:

3889-094.002-0004-010.000-0000
Property Type:

Residential Income
Property Subtype:

Triplex
Lot Size SqFt:

91,476 Sqft
Property Attached:

false
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Source:

Municipality
Tax Annual Amount:

6984.67

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Baseboard, Electric, Other
Cooling:

None

Utilities

Sewer:

Septic Tank
Water Source:

Well

Schools

High School:

New Paltz Senior High School
Elementary School:

Duzine
High School District:

New Paltz
Middle School:

New Paltz Middle School

The Community

Senior Community:

false

Parking

Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/23/25 Apr 23, 2025	Listed / Active	ONEKEY	$495,000

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This multifamily located in New Paltz, NY 12561 is currently for sale for $495,000. 232 State Route 32 S is a – square foot multifamily with – beds and – baths that has been on Estately for 23 days. This multifamily is in the attendance area of Duzine Elementary School, New Paltz High School, Lenape Elementary School, and New Paltz Middle School.

Listing Courtesy of: ONEKEY and eXp Realty.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.