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Off market
  • $502,300

    16 Lincoln Ter, Newburgh, NY 12550

    5beds
    3,258sqft
    MultiFamily
    Built in 1927
    -- sqft lot
    $502,300 Zestimate®
    $154/sqft
    $2,159 Estimated rent

    Home value

    $502,300

    $437,000 - $563,000

    $2,159/mo

    Zestimate® history
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    $3,499/mo

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    What's special

    Offered for the first time in 50 years, this turnkey fully rented income property is in a prime location. Walk one block to Downing Park, a 35-acre oasis. This home boasts two large 2/3-bedroom apartments, a 3rd floor 2-bedroom apartment, a partially finished basement, and a 2-car garage. Major exterior renovations include a new roof, gutters, siding, and sidewalks. Interior renovations include new appliances for each apartment, new kitchen and bathroom on 3rd floor, new flooring on 3rd floor and newer windows. In 2019 the electric was separated and upgraded for each apartment. Tenants pay own electric. Long-term tenants. Showing to qualified buyers only. Calls preferred over text. Cap Rate 11%

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Other, Oil, Other
    Cooling
    • None
    Features
    • Flooring: Tile, Hardwood
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 3,258 sqft

    Property

    Parking
    • Parking features: Garage - Detached, Off-street, On-street
    Features
    • Exterior features: Vinyl, Brick
    Lot
    • Size: 4,356 Square Feet
    Details
    • Parcel number: 3311002152

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • brick
    • Roof: Asphalt
    Condition
    • Year built: 1927

    Community & HOA

    Location
    • Region: Newburgh

    Financial & listing details

    • Price per square foot: $154/sqft
    • Tax assessed value: $558,600

    Price history

    DateEventPrice
    7/30/2024Listing removed--
    Source: OneKey® MLS as distributed by MLS GRID #H6311395 Report a problem
    6/22/2024Listed for sale$539,000-6.9%$165/sqft
    Source: OneKey® MLS as distributed by MLS GRID #H6311395 Report a problem
    3/21/2024Listing removed--
    Source: OneKey® MLS as distributed by MLS GRID #H6278580 Report a problem
    11/23/2023Listed for sale$579,000+38%$178/sqft
    Source: OneKey® MLS as distributed by MLS GRID #H6278580 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    1/20/2020Listing removed$419,500$129/sqft
    Source: Owner Report a problem
    1/15/2020Price change$419,500-6.8%$129/sqft
    Source: Owner Report a problem
    12/20/2019Listed for sale$450,000+1132.9%$138/sqft
    Source: Owner Report a problem
    9/25/1995Sold$36,500$11/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $558,600 +3%
    2024-- $542,300 +10%
    2023-- $493,000 +47%
    2022-- $335,400 +20%
    2021-- $279,500 +15%
    2020-- $243,000 +44.5%
    2019-- $168,200
    2018-- $168,200
    2017$10,724 $168,200 -9.2%
    2016-- $185,200
    2015-- $185,200
    2014-- $185,200 +8.6%
    2013-- $170,600 -10%
    2012-- $189,500 -9.8%
    2011-- $210,000 -3.1%
    2010-- $216,700 -14.9%
    2009-- $254,600 +354.6%
    2007-- $56,000
    2006-- $56,000
    2005-- $56,000
    2004-- $56,000
    2002-- $56,000
    2001-- $56,000
    2000-- $56,000
    Find assessor info on the county website

    Neighborhood: 12550

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $502,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $502,300