
Courtesy of: Jacob M. Cohen, eXp Realty, jacob@stevensrealtygrp.com
$1,199,999
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9 bed
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4.00 Bath (4 Full)
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Lot: 0.15 Acres
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Other
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$1,199,999
39 N Chestnut Street Charming 1890 brick Victorian triplex in the heart of the Village of New Paltz. Located at 39 N Chestnut St, this well-maintained multi-family property offers a rare opportunity for both owner-occupants and investors seeking strong, consistent rental income in a highly desirable, walkable location. The property features a total of 3, 273 square feet with three separate units. The first floor consists of a spacious 2-bedroom apartment with an additional flex room that generates $3, 300/month. The second-floor unit is a 3-bedroom apartment with a monthly rental income of $2, 625. The third-floor unit is a 4-bedroom apartment generating $3, 000/month. Total monthly rental income is $8, 925, equating to $107, 100 annually. Recent improvements include a new roof installed in 2025. Tenants are responsible for their own heat and electric, helping to minimize owner expenses. The property offers off-street parking at the rear, along with a detached garage. Ideally situated less than a 10-minute walk to SUNY New Paltz Campus, minutes to the Village's shops, restaurants, and amenities, approximately one minute to the Rail Trail, and an 8-minute walk to the Trailways bus station. A unique opportunity to own a character-filled 1890 brick Victorian multi-family property in one of the Hudson Valley's most sought-after locations.
Courtesy of: Jacob M. Cohen, eXp Realty, jacob@stevensrealtygrp.com
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