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For sale
  • Price cut: $235.9K (6/24)
    $999,999

    3 Ann Street, New Paltz, NY 12561

    7beds
    5,131sqft
    Loading
    Quadruplex, Multi Family
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $195/sqft
    $-- HOA

    What's special

    **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.
    32 days
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    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#: 1016819MLS Logo

      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: 31 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

        DateEventPrice
        6/24/2026Price change$999,999-19.1%$195/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1016819 Report a problem
        11/27/2024Listing removed$2,700$1/sqft
        Source: Zillow Rentals Report a problem
        10/26/2024Listed for rent$2,700$1/sqft
        Source: Zillow Rentals Report a problem
        8/4/2024Listed for sale$1,235,900+58.7%$241/sqft
        Source: OneKey® MLS as distributed by MLS GRID #H6320586 Report a problem
        9/10/2021Listing removed--
        Source: OneKey® MLS as distributed by MLS GRID #H6109435 Report a problem
        4/13/2021Listed for sale$779,000-2.5%$152/sqft
        Source: HVCRMLS #20211185 Report a problem
        11/6/2020Listing removed$799,000$156/sqft
        Source: MURPHY REALTY GROUP KG #393223 Report a problem
        8/5/2020Price change$799,000-2.4%$156/sqft
        Source: Murphy Realty Group #20201972 Report a problem
        6/19/2020Listed for sale$819,000$160/sqft
        Source: Murphy Realty Group #20201972 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 12561

        Getting around

        26 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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