232 Rte 32 S New Paltz, NY 12561
Property details
About 232 Rte 32 S
Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don't miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal.Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4,450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area easily renting for around 1,800. That means there's room to increase your monthly income to approximately 5,400/month. Tenants pay all utilities, including heat and electricity, making this an ideal low-expense investment. Recent upgrades include: Newer roof,Updated flooring, Renovated bathrooms, Durable plastic septic system Located just off Route 32 South with a shared driveway, the property also has frontage on Brookside Road—offering potential to add a second private entrance. A multi-bay shed is included on the property, featuring three small bays and one larger bay—perfect for storage or renting out for additional income.
Highlights
Summary
- Total Bedroom Count: 3
- Heating: Baseboard, Electric
- Cooling: None
- List Price: $495,000
- Price/SqFt: $137
- Directions: Take 32 South from the village go a few miles and property on the left
- Year Built: 1900
- Living Area: 3,600 SqFt
- Lot Size: 2.1 Acres
- MLS Number: 20251011
- MLS Name: UlsterCounty
- Office Name: eXp Realty, LLC
- Office Phone: (888) 276-0630
- Office Email: ny.broker@exprealty.net
- Listing Agent: Jason Schobert
Copyright © 2025 Hudson Valley Catskill Region MLS. All rights reserved. Real estate listings of brokerage firms other than Hudson Valley Catskill Region MLS are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/7/2025, 3:15:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$495,000
232 Rte 32 S
$5,878
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Price information
Property sales
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Tax history
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Nearby schools
7
Lenape Elementary School
Public District 3-5
4.0 mi
•1 Eugene L Brown Dr
7
Highland Elementary School
Public District KG-5
6.6 mi
•16 Lockhart Ln
3
Rondout Valley Intermediate School
Public District 3-6
6.8 mi
•122 Kyersike Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $89,179. The majority of New Paltz, NY residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
Extreme Sports
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Panera
Cracker Barrel
Little Caesars
What do the neighbors drive?
Infiniti
Lexus
Chevrolet
What do the neighbors listen to?
Adult Hits
Oldies
Country
This home is located at 232 Rte 32 S in New Paltz, NY and zip code 12561. This 3,600 square foot home, which was built in 1900, sits on a 2.10 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $495,000.
In April 2025, from all listings sold in New Paltz, NY there were more than 3 sold above asking price, over 6 sold below and more than 1 were sold right at the asked price. In April 2025 in New Paltz, NY there were 19.1% more homes for sale than in March. In April 2025 median list price was $540,250 and the average listing age was 69 days.