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236 State Route 32 S
New Paltz NY 12561 US

$475,000

Pending Listing ID 851301
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Lot: 1.06 Acres
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Triplex

$475,000

Pending Listing ID 851301
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236 State Route 32 S 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.

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Property Features

  • Facts
  • Lot Size: 1.06 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Triplex
  • Features
  • Heating Fuels: Baseboard, Electric (Heating)

School Information

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

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Triplex
  • listprice: 475000
  • unparsedaddress: 236 State Route 32 S
  • postalcity: New Paltz
  • stateorprovince: NY
  • country: US
  • postalcode: 12561
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.06
  • lotsizeunits: Acres
  • lotsizearea: 1.06
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Jason W. Schobert
  • listagentemail: jschobert@stevensre.com
  • listagentkey: 3yd-MLSLINY-54963
  • listagentmlsid: 54963
  • listagentpreferredphone: 8452495249
  • listagentofficephone: 8882760630
  • listofficekey: 3yd-MLSLINY-EXPRLT05
  • listagentstatelicense: 10401343949
  • listofficemlsid: EXPRLT05
  • disclaimer: Copyright © 2025 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: 2025-04-21
  • countyorparish: Ulster County
  • parcelnumber: 3889-094.002-0004-008.000-0000
  • elementaryschool: Duzine
  • highschool: New Paltz Senior High School
  • elementaryschooldistrict: New Paltz
  • middleorjuniorschooldistrict: New Paltz
  • highschooldistrict: New Paltz
  • constructionmaterials: Frame
  • heating: Baseboard, Electric (Heating)
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Colonial
  • rooms: Basement
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":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":"NY", "ListBrokerageUnitNumber":"Suite 401", "ListBrokerageUnparsedAddress":"150 Motor Parkway", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"171 Main Street", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"48675", "ListOfficeCity":"New Paltz", "ListOfficeCountry":"US", "ListOfficeEmail":"ny.broker@exprealty.net", "ListOfficePostalCode":"12561", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Colonial, Triplex - New Paltz, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/236-State-Route-32-S_New-Paltz_NY_12561_M46242-88019?f=listhub&s=MLSLINY&m=851301&c=rexren", "MLSModificationTimestamp":"2025-10-15T13:27:36Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Triplex", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":6824.85, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/15/2025 7:07:38 PM GMT
Source Updated Date: 12/6/2025 6:55:43 PM GMT

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

Copyright © 2025 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.