203 Grand Street, Newburgh, NY 12550

• 5,320 sqft

Property Description

Set in the heart of Newburgh, this historic multifamily reflects the grit, beauty, and permanence of classic Hudson Valley architecture. Built during a time when craftsmanship mattered, the building offers solid construction, generous proportions, and the kind of character that can’t be replicated today — all within a region increasingly sought after by city buyers and long-term investors alike. The property features 6 legal in-place residential units plus separate garage income, providing immediate, stabilized cash flow. Adding to the opportunity are 2 city-approved basement units, offering a thoughtful value-add path for investors looking to enhance returns while respecting the integrity of the structure. All future construction is to be completed in accordance with the approved site plan and sprinkler plan. Newburgh continues to benefit from its proximity to the Hudson River, Metro-North access, and the broader migration to the Hudson Valley driven by lifestyle, affordability, and historic charm. This asset represents a compelling blend of old-world character and modern investment potential, ideal for a 1031 exchange buyer or long-term holder seeking both yield and story.

Listing Status:

Active

Data Last Updated:

February 7, 2026 at 12:22PM

Listing Office:

RE/MAX Benchmark Realty Group : 845-565-0004

MLS ID:

956229

Interior

• Basement: Finished
• Flooring: TileWood
• A/C: Wall/Window Unit(s)
• Heating: Natural Gas

Exterior

• Other Structures: Garage(s)
• Parking: On Street

Location

• Originating MLS: onekey2
• School District: Newburgh
• County: Orange County

Lot

• Zoning: RM331100-018-000-0006-006.000-0000
• Fencing: Back Yard

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2