Investor's Dream! Fully occupied 3-family property situated on a beautiful 2.5-acre lot in the Wallkill School District. This income-producing property offers immediate cash flow with three occupied units and additional rental income potential from the detached garage. Set well back from the road, the property features a sprawling yard, ample green space, and an oversized driveway providing abundant parking for tenants and visitors.
The combination of strong rental income, multiple revenue streams, and a picturesque setting makes this a rare opportunity for both seasoned and first-time investors. Conveniently located near major commuter routes, shopping, dining, and recreation while still offering the privacy and appeal of a country setting. Whether you're looking to expand your portfolio or secure a long-term hold with upside potential, this property is a must-see.
For sale
$575,000
491 State Route 32, Wallkill, NY 12589
4beds
2,761sqft
Triplex, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$208/sqft
$-- HOA
What's special
Sprawling yardPicturesque settingAmple green space
- 12 days |
- 1,059 |
- 54 |
Zillow last checked:
Listing updated:
Listed by:
HomeSmart Homes & Estates 845-547-0005,
Michael Cahill 845-674-7386
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1015557
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Other
Cooling
- Ductless
Appliances
- Laundry: Common Area, In Basement, Laundry Room
Features
- Other
- Basement: Finished
Interior area
- Total structure area: 2,761
- Total interior livable area: 2,761 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Lot
- Size: 2.5 Acres
Details
- Parcel number: 3346000040000002022.0000000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Frame, Stone
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Wallkill
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $56,300
- Annual tax amount: $7,031
- Date on market: 6/18/2026
- Cumulative days on market: 13 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 |
|---|---|---|
| 6/18/2026 | Listed for sale | $575,000+130%$208/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #1015557 Report a problem | ||
| 10/19/2015 | Sold | $250,000-28.6%$91/sqft |
Source: Public Record Report a problem | ||
| 6/26/2015 | Listing removed | $350,000$127/sqft |
Source: Weichert Realtors #4435975 Report a problem | ||
| 2/11/2015 | Price change | $350,000-4.1%$127/sqft |
Source: Weichert Realtors #4435975 Report a problem | ||
| 1/17/2015 | Price change | $364,900-1.4%$132/sqft |
Source: Weichert Realtors #4435975 Report a problem | ||
| 9/26/2014 | Listed for sale | $369,999$134/sqft |
Source: Weichert Realtors #4435975 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $56,300 |
| 2024 | -- | $56,300 |
| 2023 | -- | $56,300 |
| 2022 | -- | $56,300 |
| 2021 | -- | $56,300 |
| 2020 | -- | $56,300 |
| 2019 | -- | $56,300 |
| 2018 | -- | $56,300 |
| 2017 | $6,298 | $56,300 |
| 2016 | -- | $56,300 |
| 2015 | -- | $56,300 |
| 2014 | -- | $56,300 |
| 2013 | -- | $56,300 |
| 2012 | -- | $56,300 |
| 2011 | -- | $56,300 |
| 2010 | -- | $56,300 |
| 2009 | -- | $56,300 |
| 2007 | -- | $56,300 |
| 2006 | -- | $56,300 |
| 2005 | -- | $56,300 |
| 2004 | -- | $56,300 |
| 2002 | -- | $56,300 |
| 2001 | -- | $56,300 |
| 2000 | -- | $56,300 |
Find assessor info on the county website
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: 12589
Nearby schools
GreatSchools rating
- 6/10Leptondale Elementary SchoolGrades: K-6Distance: 1.5 mi
- 5/10John G Borden Middle SchoolGrades: 7-8Distance: 6.2 mi
- 7/10Wallkill Senior High SchoolGrades: 9-12Distance: 6.1 mi
Schools provided by the listing agent
- Elementary: Leptondale Elementary School
- Middle: John G Borden Middle School
- High: Wallkill 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.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Orange County
- Wallkill
- 12589
- 491 State Route 32
Nearby cities
Nearby zip codes
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