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.
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Zillow last checked:
Listing updated:
Listed by:
eXp Realty888-276-0630,
Virginia Corbett845-582-3790
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: 178 days
Listing agreement: Exclusive Right To Sell
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/16/2026
Listed for sale
$899,000-5.3%
Source: OneKey® MLS as distributed by MLS GRID #1026800Report a problem
Source: OneKey® MLS as distributed by MLS GRID #953231Report a problem
1/23/2026
Listed for sale
$999,000
Source: OneKey® MLS as distributed by MLS GRID #953231Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.