**Exceptional Fourplex Opportunity in the Heart of New Paltz**
Welcome to 3 Ann Street, New Paltz, NY — a rare opportunity to own a four-unit property in one of the Hudson Valley's most desirable and consistently high-demand rental markets.
Offered at an exceptional price point for New Paltz, this property presents a unique opportunity for investors, owner-occupants, and house hackers to acquire a multifamily asset with immediate upside potential. The current pricing reflects one unfinished apartment renovation, creating an opportunity for the next owner to add value and build equity from day one. To further support the completion of the project, all renovation materials and supplies currently on-site will be included in the sale. The seller simply did not have the opportunity to complete the work.
The property consists of three spacious 2-bedroom apartments and one 1-bedroom apartment, offering attractive layouts and strong rental appeal. Three of the four units are currently vacant by design, providing maximum flexibility for the next owner to establish market rents, select tenants, or occupy a unit while generating income from the others. The current owner intentionally chose not to fill the vacancies in order to provide the broadest range of opportunities for future ownership.
Recent capital improvements include a new roof and a new oil tank, helping reduce future maintenance concerns and capital expenditures.
Ideally located just minutes from SUNY New Paltz, the Village of New Paltz, restaurants, shopping, outdoor recreation, and major commuter routes, the property benefits from strong rental demand and limited multifamily inventory in one of the Hudson Valley's most sought-after communities.
Whether you're seeking cash flow, long-term appreciation, portfolio expansion, or the opportunity to live in one unit while the remaining apartments help offset your housing expenses, 3 Ann Street offers exceptional flexibility and value.
Please note that the listing photos represent only a portion of what this property has to offer and do not include complete photography of all four apartments. To fully appreciate the size, layout, condition, and potential of each unit, an in-person tour is highly recommended.
Properties offering this combination of location, income potential, vacancy flexibility, recent improvements, built-in upside, and attractive pricing rarely become available in New Paltz. Don't miss this opportunity to secure a multifamily investment in one of the Hudson Valley's strongest rental markets.
For sale
$999,999
3 Ann Street, New Paltz, NY 12561
7beds
5,131sqft
Quadruplex, Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$195/sqft
$-- HOA
What's special
- 79 days
- 267
- 7
Zillow last checked:
Listing updated:
Listed by:
Real Broker NY LLC 855-450-0442,
Jorge Lugo 845-857-8740
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1016819
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Oil, Other
Cooling
- None
Appliances
- Laundry: Washer/Dryer Hookup
Features
- Original Details, Other
- Basement: Full,Unfinished
Interior area
- Total structure area: 5,131
- Total interior livable area: 5,131 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Carport spaces: 1
- Has uncovered spaces: Yes
Lot
- Size: 1.59 Acres
Details
- Parcel number: 3889078.0200003040.0000000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Available, Trash Collection Private, Water Available
Community & HOA
Location
- Region: New Paltz
Financial & listing details
- Price per square foot: $195/sqft
- Tax assessed value: $349,900
- Annual tax amount: $14,195
- Date on market: 6/24/2026
- Cumulative days on market: 78 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Price change | $999,999-19.1%$195/sqft |
Source: | ||
| 11/27/2024 | Listing removed | $2,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/26/2024 | Listed for rent | $2,700$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/4/2024 | Listed for sale | $1,235,900+58.7%$241/sqft |
Source: | ||
| 9/10/2021 | Listing removed | -- |
Source: | ||
| 4/13/2021 | Listed for sale | $779,000-2.5%$152/sqft |
Source: | ||
| 11/6/2020 | Listing removed | $799,000$156/sqft |
Source: MURPHY REALTY GROUP KG #393223 Report a problem | ||
| 8/5/2020 | Price change | $799,000-2.4%$156/sqft |
Source: Murphy Realty Group #20201972 Report a problem | ||
| 6/19/2020 | Listed for sale | $819,000$160/sqft |
Source: Murphy Realty Group #20201972 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 12561
Nearby schools
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.








