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234 State Route 32 S
New Paltz NY 12561 US

$389,000

Pending Listing ID 851293
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Lot: 1.20 Acres
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$389,000

Pending Listing ID 851293
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234 State Route 32 S Turn-Key Investment Opportunity in New Paltz! Fully occupied and income-producing, this well-maintained 2-family property is a prime addition to any investor's portfolio. Located in the heart of New Paltz with low taxes, this property features two spacious 2-bedroom, 1-bath units, each offering 1, 138 sq ft of comfortable living space. Both units are occupied by long-term tenants - one for 7 years - currently generating 1, 650 and 1, 400/month, with tenants responsible for all utilities. That's 3, 050/month in rental income with room to grow, as current rents are below market value - comparable 2-bedroom rentals in the area are averaging around 2, 000/month. Additionally, the property includes a concrete block shed, offering further income potential through storage rental or other creative uses.

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Property Features

  • Facts
  • Lot Size: 1.20 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Heating Fuels: Electric (Heating), Baseboard
  • Additional Features
  • Basement

School Information

  • School
  • Duzine(Elementary)
  • New Paltz Middle School(MiddleSchool)
  • New Paltz Senior High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 389000
  • unparsedaddress: 234 State Route 32 S
  • postalcity: New Paltz
  • stateorprovince: NY
  • country: US
  • postalcode: 12561
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.2
  • lotsizeunits: Acres
  • lotsizearea: 1.2
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.715735
  • longitude: -74.084149
  • listagentfullname: Jason W. Schobert
  • listagentemail: jschobert@stevensre.com
  • listagentkey: 3yd-MLSLINY-54963
  • listagentmlsid: 54963
  • listagentpreferredphone: 8452495249
  • listagentofficephone: 8452495249
  • listofficekey: 3yd-MLSLINY-EXPRLT05
  • listofficemlsid: EXPRLT05
  • disclaimer: Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1900
  • listingcontractdate: 2025-04-22
  • countyorparish: Ulster County
  • parcelnumber: 3889-094.002-0004-009.000-0000
  • elementaryschool: Duzine
  • highschool: New Paltz Senior High School
  • elementaryschooldistrict: New Paltz
  • middleorjuniorschooldistrict: New Paltz
  • highschooldistrict: New Paltz
  • constructionmaterials: Frame
  • heating: Electric (Heating), Baseboard
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: First Floor Bedroom
  • rooms: Basement
  • basement: Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.08415, 41.715736
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jschobert@stevensre.com", "ListBrokerageCity":"Hauppauge", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Listhub@exprealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MLSLINY/5461cde1901c11e89b590242ac110005/20200212035238600.png", "ListBrokerageName":"eXp Realty", "ListBrokeragePhone":"(888) 276-0630", "ListBrokeragePostalCode":"11788", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":"Suite 401", "ListBrokerageUnparsedAddress":"150 Motor Parkway", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"171 Main Street ", "ListOfficeAddress2":"Suite 401", "ListOfficeBrokerMlsId":"EXPRLT05", "ListOfficeCity":"New Paltz", "ListOfficeCountry":"USA", "ListOfficeEmail":"ny.broker@exprealty.net", "ListOfficePostalCode":"12561", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - New Paltz, NY", "ListingURL":null, "MLSModificationTimestamp":"2026-02-10 20:30:36", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8004, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/10/2026 8:49:26 PM GMT
Source Updated Date: 2/26/2026 12:48:25 PM GMT

Courtesy of: Jason W. Schobert, eXp Realty, jschobert@stevensre.com

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.