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.
Sold for $380,540
$380,540
234 State Route 32 S, New Paltz, NY 12561
--beds
--baths
--sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$366,300 Zestimate®
$--/sqft
$2,474 Estimated rent
Home value
$366,300
$293,000 - $440,000
$2,474/mo
Zestimate® history
Owner options
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$2,474/mo
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$2,474/mo
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$2,537/mo
Est. payment
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$2,537/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jason W. Schobert 845-249-5249,
eXp Realty 888-276-0630
Bought with:
Amanda Wilcox, 10401324460
eXp Realty
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 851293
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- First Floor Bedroom
- Basement: Full
- Attic: Scuttle
Property
Lot
- Size: 1.2 Acres
Details
- Parcel number: 3889094.0020004009.0000000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: New Paltz
Financial & listing details
- Tax assessed value: $200,300
- Annual tax amount: $8,003
- Date on market: 4/22/2025
- Cumulative days on market: 170 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 4/18/2026 | Listing removed | $150 |
Source: Zillow Rentals Report a problem | ||
| 3/24/2026 | Listed for rent | $150 |
Source: Zillow Rentals Report a problem | ||
| 2/27/2026 | Sold | $380,540-2.2% |
Source:  OneKey® MLS as distributed by MLS GRID #851293 Report a problem | ||
| 10/15/2025 | Pending sale | $389,000 |
Source: OneKey® MLS as distributed by MLS GRID #851293 Report a problem | ||
| 4/22/2025 | Listed for sale | $389,000+60.7% |
Source: OneKey® MLS as distributed by MLS GRID #851293 Report a problem | ||
| 12/2/2022 | Sold | $242,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $200,300 |
| 2024 | -- | $200,300 |
| 2023 | -- | $200,300 |
| 2022 | -- | $200,300 |
| 2021 | -- | $200,300 |
| 2020 | -- | $200,300 |
| 2019 | -- | $200,300 |
| 2018 | -- | $200,300 |
| 2017 | $6,729 | $200,300 |
| 2016 | -- | $200,300 |
| 2015 | -- | $200,300 |
| 2014 | -- | $200,300 |
| 2013 | -- | $200,300 +31.9% |
| 2011 | -- | $151,800 -4.9% |
| 2010 | -- | $159,700 -8.7% |
| 2009 | -- | $175,000 |
| 2008 | -- | $175,000 |
| 2007 | -- | $175,000 +25% |
| 2006 | -- | $140,000 |
| 2005 | -- | $140,000 +12% |
| 2004 | -- | $125,000 +3.6% |
| 2003 | -- | $120,600 +34% |
| 2002 | -- | $90,000 +12.5% |
| 2001 | -- | $80,000 |
| 2000 | -- | $80,000 |
Find assessor info on the county website
Neighborhood: 12561
Nearby homes
- $--2 bd1 ba800 sqft234 State Route 32 S APT 5, New Paltz, NY 12561Off Market
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- $475,000-- bd-- ba-- sqft236 State Route 32 S, New Paltz, NY 12561Pending
- $600,000-- bd-- ba2.4k sqft8 Brookside Rd, New Paltz, NY 12561Sold
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- $--1 bd1 ba-- sqft232 State Route 32 S #9, New Paltz, NY 12561Off Market
- $420,0003 bd1 ba1.2k sqft228 State Route 32 S, New Paltz, NY 12561For Sale
Nearby schools
GreatSchools rating
- 7/10Lenape Elementary SchoolGrades: 3-5Distance: 0.6 mi
- 9/10New Paltz Middle SchoolGrades: 6-8Distance: 2.1 mi
- 8/10New Paltz Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Duzine
- Middle: New Paltz Middle School
- High: New Paltz Senior High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$366,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$366,300
- New York
- Ulster County
- New Paltz
- 12561
- 234 State Route 32 S
Nearby cities
Nearby zip codes
Other New Paltz Topics
