Backup offers
#20251012, Jason Schobert, Listing office: eXp Realty, LLC
Property details
About 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.
Highlights
Home typeDuplex
HeatingBaseboard, Electric
StatusActive
BasementYes
Lot size1.2 Acres
Year built1900
MLS #851293
Summary
- Basement: Yes
- Interior: First Floor Bedroom
- Heating: Baseboard, Electric
- Cooling: None
- List Price: $389,000
- Annual Tax Amount: $7,431
- Tax Year: 2022
- Directions: Turn on to 32 South from New Paltz. Property is a few miles past college on your left.
- Year Built: 1900
- Lot Size: 1.2 Acres
- MLS Number: 851293
- MLS Name: ONEKEY2
- Office Name: eXp Realty
- Office Phone: (888) 276-0630
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 7/24/2025, 1:41:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $200,300 | $- |
| 2022 | $200,300 | $7,431 |
| 2021 | $200,300 | $7,431 |
| 2020 | $200,300 | $7,431 |
| 2019 | $200,300 | $12,655 |
| 2018 | $200,300 | $1,964 |
| 2017 | $200,300 | $1,898 |
History based on county public records data.
Nearby schools
7
Lenape Elementary School
Public District 3-5
0.7 mi
•1 Eugene L Brown Dr
7
Highland Elementary School
Public District KG-5
6.3 mi
•16 Lockhart Ln
6
Plattekill Elementary School
Public District KG-6
6.9 mi
•1270 Rt 32
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 $87,692. The most common annual income of people living in New Paltz, NY is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
13%
<35k
47%
35k-100k
27%
100k-200k
13%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
8%
Single, with Kids
31%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
18%
18-34 yrs old
47%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
Figure Skating
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Kmart
Where do the neighbors go to eat?
Panera
Cracker Barrel
Bob Evans
What do the neighbors drive?
Infiniti
Lexus
Lincoln
What do the neighbors listen to?
Adult Hits
Oldies
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
About 234 State Route 32 S
The listing price of 234 State Route 32 S property is $389,000.
The property 234 State Route 32 S is a multi located in New Paltz, New York, 12561.
Active Listing: 234 State Route 32 S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 234 State Route 32 S are: Lenape Elementary School (GreatSchools Rating 7/10), Highland Elementary School (GreatSchools Rating 7/10), Plattekill Elementary School (GreatSchools Rating 6/10), New Paltz Middle School (GreatSchools Rating 6/10), Highland Middle School (GreatSchools Rating 5/10), Rondout Valley Junior High School (GreatSchools Rating 4/10), New Paltz Senior High School (GreatSchools Rating 8/10), Highland High School (GreatSchools Rating 7/10), Wallkill Senior High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2022 is $7,431 (source: MLS/based on county public records data).
The year of construction for 234 State Route 32 S is 1900.
This home is located at 234 State Route 32 S in New Paltz, NY and zip code 12561. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $389,000.
In June 2025 more than 3 listings in New Paltz, NY were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 10 were sold below. Between May and June 2025, New Paltz, NY real estate market has seen increase in the number of listings by 27.3%. In June 2025 median list price was $539,000 and the average listing age was 100 days.
From Rocket Homes Real Estate and based on county public records data.