1 of 11

Want to see this property?

236 State Route 32 S

New Paltz, NY 12561

– beds
– baths
– sqft
~1 acre lot
1900 build
– on site

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.

Listing courtesy of ONEKEY / eXp Realty

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

MLS# 851301 —

The Building

Year Built:

1900
Basement:

true
Architectural Style:

Colonial
# of Total Units:

3
Building Area Units:

Square Feet
Attic:

Partially Finished

Interior

Interior Features:

Other

The Property

Lot Size Acres:

1.06
Parcel Number:

3889-094.002-0004-008.000-0000
Property Type:

Residential Income
Property Subtype:

Triplex
Lot Size SqFt:

46,174 Sqft
Property Attached:

false
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Source:

Municipality
Tax Annual Amount:

6824.85

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Baseboard, Electric, Other
Cooling:

None

Utilities

Sewer:

Septic Tank
Utilities:

Electricity Connected
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	$475,000

Want a closer look?

Go see 236 State Route 32 S

Or Call Toll Free 1-800-258-2512

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in New Paltz, NY

Similar sold homes

This multifamily located in New Paltz, NY 12561 is currently for sale for $475,000. 236 State Route 32 S is a – square foot multifamily with – beds and – baths that has been on Estately for 24 days. This multifamily is in the attendance area of New Paltz High School, Lenape Elementary School, Duzine 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.