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New Paltz,NY 12561
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,937 sqft
Price per Sqft $161
MLS Listing ID 20251014
Bedrooms 4
Year Built 1900
Annual Tax Amount $6,825
Tax Year 6825
Lot Size 1.060 Acres
Property Sub-Type Triplex
Property Description
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.
Location
State NY
County Ulster
Area New Paltz
Zoning R1
Interior
Heating Baseboard,Electric
Cooling None
Building
Sewer Septic Tank
Schools
High Schools New Paltz Central
School District New Paltz Central