**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.
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Zillow last checked:
Listing updated:
Listed by:
Real Broker NY LLC855-450-0442,
Jorge Lugo845-857-8740
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: 31 days
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
6/24/2026
Price change
$999,999-19.1%$195/sqft
Source: OneKey® MLS as distributed by MLS GRID #1016819Report a problem
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.
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.