Income-producing multi-property asset offered at approximately an 8% cap rate with $75,900 NOI. This unique offering includes three separate residences on one 1.4 acre parcel, delivering multiple income streams and long-term upside potential. Ideal for investors seeking yield, value-add opportunity, or a hybrid owner-occupant strategy. Located across the street from Cornwall High School and near train service, shopping, and schools, the location supports steady rental demand.
This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories.
Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The large lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision.
A rare opportunity to acquire a multi-structure investment property with immediate cash flow and future upside.
For sale
$899,000
9 Benedict Lane #5-7, New Windsor, NY 12553
8beds
--sqft
Triplex, Multi Family
Built in 1951
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 97 days
- 236
- 18
Zillow last checked:
Listing updated:
Listed by:
eXp Realty 888-276-0630,
Virginia Corbett 845-582-3790
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1026800
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Oil, Propane
Cooling
- None
Features
- First Floor Bedroom, Eat-in Kitchen
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Lot
- Size: 1.4 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 3324890050000001007.0000000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Other
- Foundation: Other
Condition
- Year built: 1951
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Trash Collection Private
Community & HOA
Location
- Region: New Windsor
Financial & listing details
- Tax assessed value: $418,800
- Annual tax amount: $16,777
- Date on market: 7/16/2026
- Cumulative days on market: 270 days
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listed for sale | $899,000-5.3% |
Source: | ||
| 7/15/2026 | Listing removed | $949,000 |
Source: eXp Realty #953231 Report a problem | ||
| 3/27/2026 | Price change | $949,000-5% |
Source: | ||
| 1/23/2026 | Listed for sale | $999,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 12553
Nearby schools
Schools provided by the listing agent
- Elementary: Cornwall Elementary School
- Middle: Cornwall Middle School
- High: Cornwall Central 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.






