Incredible Investment & Development Opportunity!
Step back in time with this charming 1800s Colonial situated on a beautiful 3.1-acre parcel offering endless possibilities. This home features 3 bedrooms, 1.5 bathrooms, and a spacious detached two-car garage with impressive 12-foot ceiling, perfect for storage, a workshop, or hobby space.
What truly sets this property apart is its exceptional potential. A proposed subdivision for one or four additional building lots is nearly completed creating a rare opportunity for investors, developers, or anyone looking to maximize future value. With an existing tenant already in place, buyers may benefit from immediate rental income while exploring future development opportunities.
Enjoy the best of both worlds, peaceful country living with convenient access to parks, shopping, restaurants, schools, and major commuter routes. The picturesque setting, mature trees, and expansive acreage make this a truly special property.
Whether you're looking for an investment property, development opportunity, or a charming historic home with room to grow, this unique offering deserves your attention. Long term tenant would love to stay and continue renting.
PLEASE do NOT drive up the driveway without a confirmed appointment with a Licensed Agent. Thank you.
For sale
Price cut: $25K (9/10)
$424,000
89 5th Avenue, Newburgh, NY 12550
3beds
1,336sqft
Single Family Residence, Residential
Built in 1847
3.1 Acres Lot
$-- Zestimate®
$317/sqft
$-- HOA
What's special
Expansive acreagePicturesque settingMature trees
- 122 days
- 475
- 33
Zillow last checked:
Listing updated:
Listed by:
Gillespie Real Estate LLC 845-565-7073,
Jodi M Gillespie 845-565-7073
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1010502
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom 1
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bathroom 1
- Description: half
- Level: First
Bathroom 2
- Description: Full
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Heating
- Hot Water, Oil, See Remarks
Cooling
- None
Appliances
- Included: Gas Range, Refrigerator
- Laundry: In Kitchen
Features
- Eat-in Kitchen
- Flooring: Carpet, Linoleum
- Basement: Bilco Door(s),Unfinished
- Attic: Scuttle
Interior area
- Total structure area: 1,336
- Total interior livable area: 1,336 sqft
Property
Parking
- Total spaces: 6
- Parking features: Detached
- Garage spaces: 2
Features
- Patio & porch: Porch
Lot
- Size: 3.1 Acres
- Features: Cleared, Corners Marked, Front Yard, Near Shops, Rolling Slope, See Remarks, Split Possible
Details
- Parcel number: 3346000690000004006.1000000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence, Residential
Materials
- Unknown
- Foundation: Stone
Condition
- Actual
- Year built: 1847
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Trash Collection Private, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Newburgh
Financial & listing details
- Price per square foot: $317/sqft
- Tax assessed value: $38,700
- Annual tax amount: $4,509
- Date on market: 6/10/2026
- Cumulative days on market: 123 days
- Listing agreement: Exclusive Right To Sell
- Inclusions: Subdivision Paperwork
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Price change | $424,000-5.6%$317/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #1010502 Report a problem | ||
| 8/5/2026 | Price change | $449,000-2.4%$336/sqft |
Source: OneKey® MLS as distributed by MLS GRID #1010502 Report a problem | ||
| 6/10/2026 | Listed for sale | $460,000$344/sqft |
Source: OneKey® MLS as distributed by MLS GRID #1010502 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $38,700 |
| 2024 | -- | $38,700 |
| 2023 | -- | $38,700 |
| 2022 | -- | $38,700 |
| 2021 | -- | $38,700 |
| 2020 | -- | $38,700 |
| 2019 | -- | $38,700 |
| 2018 | -- | $38,700 |
| 2017 | $4,298 | $38,700 |
| 2016 | -- | $38,700 |
| 2015 | -- | $38,700 |
| 2014 | -- | $38,700 |
| 2013 | -- | $38,700 |
| 2012 | -- | $38,700 |
| 2011 | -- | $38,700 |
| 2010 | -- | $38,700 |
| 2009 | -- | $38,700 |
| 2007 | -- | $38,700 |
| 2006 | -- | $38,700 |
| 2005 | -- | $38,700 |
| 2004 | -- | $38,700 |
| 2002 | -- | $38,700 |
| 2001 | -- | $38,700 |
| 2000 | -- | $38,700 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 12550
Nearby schools
Schools provided by the listing agent
- Elementary: Newburgh
- 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.
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