236 State Route 32 S, New Paltz, NY 12561

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.

Listing Status:

Pending

Data Last Updated:

June 26, 2026 at 2:20PM

Listing Office:

eXp Realty : 888-276-0630

MLS ID:

851301

Interior

• General: Other
• Basement: Full
• A/C: None
• Heating: BaseboardElectricOther

Exterior

• Style: Colonial

Location

• Originating MLS: onekey2
• School District: New Paltz
• County: Ulster County

Lot

• Zoning: 3889-094.002-0004-008.000-0000

Utilities

• Utilities: Electricity Connected
• Water: Well
• Sewer: Septic Tank

Financial

• Source: onekey2