491 State Route 32 Wallkill, NY $ 575,000
491 State Route 32
$ 575,000
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491 State Route 32

Wallkill, NY, 12589
$ 575,000
Bedrooms4 Baths3.0 Sq 2,761

Monthly Estimate*

$ 3,540

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Multi-Family Home for sale in Wallkill, NY

for $575,000 with 4 bedrooms and 3 full baths. This 2,761 square foot home was built in 1940 on a lot size of 2.5.

Investor's Dream! Fully occupied 3-family property situated on a beautiful 2.5-acre lot in the Wallkill School District. This income-producing property offers immediate cash flow with three occupied units and additional rental income potential from the detached garage. Set well back from the road, the property features a sprawling yard, ample green space, and an oversized driveway providing abundant parking for tenants and visitors. The combination of strong rental income, multiple revenue streams, and a picturesque setting makes this a rare opportunity for both seasoned and first-time investors. Conveniently located near major commuter routes, shopping, dining, and recreation while still offering the privacy and appeal of a country setting. Whether you're looking to expand your portfolio or secure a long-term hold with upside potential, this property is a must-see.

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Multi-Family Active

Price

$ 575,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,031

Style

Triplex

Lot Size

2.5

Year Built

1940

Town/City

Wallkill

County/Region

Orange

MLS | Web ID

1015557

Features
Interior
Interior Amenities Other
Basement Finished
Basement Features Finished
Basement (Y/N) Y
Total Bedrooms 4
Total Baths 3
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General
Sewer Septic Tank
Heating Electric Other
Cooling Ductless
Utilities Electricity Connected
Garage Spaces 2
Construction Materials Frame Stone
Year Built 1940
Property Subtype Triplex
Tax Year 2025
Parcel Number 334600-004-000-0002-022.000-0000
County Orange County
Property Type Residential Income
Garage Y/N Y
Full Baths 3
High School Wallkill Senior High School
City Newburgh (Town)
Senior Community Y/N N
High School District Wallkill
Number Of Units Total 3
Carport Y/N N
Elementary School Leptondale Elementary School
Property Attached Y/N N
Tax Annual Amount 7031.6
Middle/Junior High School John G Borden Middle School
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Wallkill
Elementary School District Wallkill
Tax Assessed Value 56300
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Exterior
Parking Features Driveway Driveway
Water Source Well
Building Area Total 2761
Waterfront Y/N N
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Internal Only
Street Number 1 491
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* Excluded Features
List By
Michael Cahill

Listing Agent

Homesmart Homes & Estates

Broker

845-547-0005

Contact

Affordability Calculator

$4,126
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$586
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4100838 Elementary School
4101436 Middle School
Wallkill Senior High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$575,000 Listed Price

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491 State Route 32, Wallkill, NY, 12589 is a Multi-Family Home for sale at $575,000 with 2,761 sqft and a lot size of 2.5. 491 State Route 32 has 4 bedrooms, 3.0 baths, and was built in 1940. The property's zip code is 12589 which is in Wallkill, NY