236 State Route 32 S New Paltz, NY $ 475,000
236 State Route 32 S
$ 475,000
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236 State Route 32 S

New Paltz, NY, 12561
$ 475,000
Baths0.0 Sq 46,174

Monthly Estimate*

$ 2,963

236 State Route 32 S, New Paltz, NY 12561 - Image 1
236 State Route 32 S, New Paltz, NY 12561 - Image 2
236 State Route 32 S, New Paltz, NY 12561 - Image 3
236 State Route 32 S, New Paltz, NY 12561 - Image 4
236 State Route 32 S, New Paltz, NY 12561 - Image 5
236 State Route 32 S, New Paltz, NY 12561 - Image 6
236 State Route 32 S, New Paltz, NY 12561 - Image 7
236 State Route 32 S, New Paltz, NY 12561 - Image 8
236 State Route 32 S, New Paltz, NY 12561 - Image 9
236 State Route 32 S, New Paltz, NY 12561 - Image 10
236 State Route 32 S, New Paltz, NY 12561 - Image 11
Studio

Multi-Family Home for sale in New Paltz, NY

for $475,000. This 46,174 square foot home was built in 1900 on a lot size of 1.06.

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.

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Multi-Family Pending

Price

$ 475,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,824

Style

Colonial

Lot Size

1.06

Year Built

1900

Town/City

New Paltz

County/Region

Ulster

MLS | Web ID

851301

Features
Interior
Interior Amenities Other
Basement Full
Basement Features Full
Basement (Y/N) Y
Total Bedrooms 0
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General
Sewer Septic Tank
Heating Baseboard Electric Other
Cooling None
Utilities Electricity Connected
Architectural Style Colonial
Construction Materials Frame
Year Built 1900
Property Subtype Triplex
Tax Year 2024
Parcel Number 3889-094.002-0004-008.000-0000
County Ulster County
Property Type Residential Income
Garage Y/N N
Full Baths 0
Directions Take 32 south from village a few miles and the property will be on your left
High School New Paltz Senior High School
City New Paltz
Senior Community Y/N N
High School District New Paltz
Number Of Units Total 3
Carport Y/N N
Elementary School Duzine
Property Attached Y/N N
Tax Annual Amount 6824.85
Showing Instructions Use ShowingTime
Middle/Junior High School New Paltz Middle School
Building Area Units Square Feet
Standard Status Pending
Middle/Junior School District New Paltz
Elementary School District New Paltz
Tax Assessed Value 170800
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Exterior
Water Source Well
Waterfront Y/N N
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Internal Only
Street Number 1 236
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* Excluded Features
List By
Jason W. Schobert

Listing Agent

Exp Realty

Broker

jschobert@stevensre.com

Email

Affordability Calculator

$3,532
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,963
Monthly Property Taxes
$569
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4892290 Elementary School
4098940 Middle School
New Paltz Senior High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2025$475,000 Listed Price

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236 State Route 32 S, New Paltz, NY, 12561 is a Multi-Family Home for sale at $475,000 with 46,174 sqft and a lot size of 1.06. 236 State Route 32 S is a studio with 0.0 baths and was built in 1900. The property's zip code is 12561 which is in New Paltz, NY