Investor Special | Double Lot | Endless Potential — 56 Shipp St, Newburgh, NY 12550
Here's your opportunity to transform a diamond in the rough into something truly special. Set on an oversized double lot spanning 0.32 acres, this vintage 1920 single-family home on a quiet, private street in Newburgh is ready for the visionary buyer willing to roll up their sleeves and bring it back to life.
The property features 2 bedrooms, 1 bath, 7 rooms total, and a 1–2 car garage — all sitting on a large, level yard that offers tremendous outdoor space, room to expand, or potential for additional improvements. The generous lot size alone sets this property apart in today's market.
Location checks every box: convenient to schools, shopping, and public transportation, yet tucked away on a tranquil street that offers the privacy and quiet that buyers crave. Whether you're a seasoned flipper, a buy-and-hold investor, or a homeowner looking to build equity through sweat equity, the bones are here.
Property Highlights:
Double lot | 0.32 acres | Large level yard
7-room layout | 2 bed / 1 bath | 1–2 car garage
Built 1920 — full of old-world character and charm
Quiet, private street
Close to schools, shopping & public transportation
Priced to reflect AS-IS condition
The Bottom Line: The home does need work to be restored to its full glory — but the opportunity, the lot, and the location make this a deal worth a serious look. Bring your contractor and your vision.
Sold AS-IS. Cash or renovation financing preferred. Do not miss this one.
Pending
$179,000
56 Shipp Street, Newburgh, NY 12550
2beds
864sqft
Single Family Residence, Residential
Built in 1920
0.32 Acres Lot
$-- Zestimate®
$207/sqft
$-- HOA
What's special
Large level yardOversized double lotQuiet private street
- 81 days |
- 37 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
HomeSmart Homes & Estates 914-236-5500,
Peter C. Persaud 914-620-7155
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 986049
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Description: 2 Bedroom Full Bath Kitchen
- Level: First
Heating
- Baseboard, Forced Air
Cooling
- None
Appliances
- Included: Electric Range, Range, Refrigerator
- Laundry: Washer/Dryer Hookup, Electric Dryer Hookup
Features
- First Floor Bedroom, Entrance Foyer, Formal Dining
- Basement: Unfinished
- Attic: Dormer
- Has fireplace: No
Interior area
- Total structure area: 864
- Total interior livable area: 864 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
Lot
- Size: 0.32 Acres
- Features: Back Yard, Cleared, Level, Near Public Transit, Near School, Near Shops
Details
- Parcel number: 3311000140000002029.0000000
- Special conditions: Probate Listing
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Hi Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Block
- Foundation: Block
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Newburgh
Financial & listing details
- Price per square foot: $207/sqft
- Tax assessed value: $245,200
- Annual tax amount: $7,852
- Date on market: 4/15/2026
- Cumulative days on market: 74 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Pending sale | $179,000$207/sqft |
Source: | ||
| 4/16/2026 | Listed for sale | $179,000$207/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $262,400 +7% |
| 2024 | -- | $245,200 +8% |
| 2023 | -- | $227,000 +44.4% |
| 2022 | -- | $157,200 +20% |
| 2021 | -- | $131,000 +15% |
| 2020 | -- | $113,900 +12.2% |
| 2019 | -- | $101,500 |
| 2018 | -- | $101,500 |
| 2017 | $3,025 | $101,500 -3.7% |
| 2016 | -- | $105,400 |
| 2015 | -- | $105,400 |
| 2014 | -- | $105,400 +5.4% |
| 2013 | -- | $100,000 -5% |
| 2012 | -- | $105,300 -7.9% |
| 2011 | -- | $114,300 -12.2% |
| 2010 | -- | $130,200 -15.7% |
| 2009 | -- | $154,500 +306.6% |
| 2007 | -- | $38,000 |
| 2006 | -- | $38,000 |
| 2005 | -- | $38,000 |
| 2004 | -- | $38,000 |
| 2002 | -- | $38,000 |
| 2001 | -- | $38,000 |
| 2000 | -- | $38,000 |
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: 12550
Nearby schools
GreatSchools rating
- 3/10Gidney Avenue Memorial SchoolGrades: PK-5Distance: 0.7 mi
- 3/10South Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10Newburgh Free Academy Main CampusGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Horizon-On-The-Hudson Magnet School
- Middle: Newburgh
- High: Newburgh Free Academy
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
- Newburgh
- 12550
- 56 Shipp Street







