3 Ann Street
New Paltz, NY, 12561 $ 999,999
Bedrooms7 Baths4.0 Sq 5,131 Monthly Estimate*
$ 6,157
for $999,999 with 7 bedrooms and 4 full baths. This 5,131 square foot home was built in 1960 on a lot size of 1.59.
**Exceptional Fourplex Opportunity in the Heart of New Paltz** Welcome to 3 Ann Street, New Paltz, NY — a rare opportunity to own a four-unit property in one of the Hudson Valley's most desirable and consistently high-demand rental markets. Offered at an exceptional price point for New Paltz, this property presents a unique opportunity for investors, owner-occupants, and house hackers to acquire a multifamily asset with immediate upside potential. The current pricing reflects one unfinished apartment renovation, creating an opportunity for the next owner to add value and build equity from day one. To further support the completion of the project, all renovation materials and supplies currently on-site will be included in the sale. The seller simply did not have the opportunity to complete the work. The property consists of three spacious 2-bedroom apartments and one 1-bedroom apartment, offering attractive layouts and strong rental appeal. Three of the four units are currently vacant by design, providing maximum flexibility for the next owner to establish market rents, select tenants, or occupy a unit while generating income from the others. The current owner intentionally chose not to fill the vacancies in order to provide the broadest range of opportunities for future ownership. Recent capital improvements include a new roof and a new oil tank, helping reduce future maintenance concerns and capital expenditures. Ideally located just minutes from SUNY New Paltz, the Village of New Paltz, restaurants, shopping, outdoor recreation, and major commuter routes, the property benefits from strong rental demand and limited multifamily inventory in one of the Hudson Valley's most sought-after communities. Whether you're seeking cash flow, long-term appreciation, portfolio expansion, or the opportunity to live in one unit while the remaining apartments help offset your housing expenses, 3 Ann Street offers exceptional flexibility and value. Please note that the listing photos represent only a portion of what this property has to offer and do not include complete photography of all four apartments. To fully appreciate the size, layout, condition, and potential of each unit, an in-person tour is highly recommended. Properties offering this combination of location, income potential, vacancy flexibility, recent improvements, built-in upside, and attractive pricing rarely become available in New Paltz. Don't miss this opportunity to secure a multifamily investment in one of the Hudson Valley's strongest rental markets.
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FeaturesInteriorInterior Amenities Original Details Other Washer/Dryer Hookup
Basement Full Unfinished
Basement Features Full Unfinished
Basement (Y/N) Y
Total Bedrooms 7
Total Baths 4
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GeneralSewer Septic Tank
Heating Baseboard Oil Other
Cooling None
Utilities Cable Available Electricity Available Trash Collection Private Water Available
Architectural Style Other
Construction Materials Frame
Year Built 1960
Property Subtype Quadruplex
Tax Year 2025
Parcel Number 3889-078.020-0003-040.000-0000
County Ulster County
Property Type Residential Income
Garage Y/N N
Full Baths 4
High School New Paltz Senior High School
City New Paltz
Senior Community Y/N N
High School District New Paltz
Number Of Units Total 4
Carport Spaces 1
Carport Y/N Y
Elementary School Duzine
Property Attached Y/N N
Tax Annual Amount 14195.87
Middle/Junior High School New Paltz Middle School
Building Area Units Square Feet
Standard Status Coming Soon
Middle/Junior School District New Paltz
Elementary School District New Paltz
Tax Assessed Value 349900
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ExteriorParking Features Driveway Driveway
Water Source Well
Building Area Total 5131
Waterfront Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $6,157
- Monthly Property Taxes
- $1,183
- 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.
Learn more about how to save NearbyMulti-family listings in New Paltz, NY
Average List Price $716,428
Percent of Sale Price 28%
About New Paltz, NY 14,065 Population
10% Since 2002
$ 72,398 Median Income
27.93 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
4892290 Elementary School
4098940 Middle School
New Paltz Senior High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/22/2026 | $999,999 | | Listed Price |