# 236 State Route 32 S, New Paltz, NY 12561 > **TL;DR:** multi-family, $475,000, built 1900. Est. $2,541/mo. Listed 561 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $475,000 | | Year Built | 1900 | | Lot Size | 46,174 sqft (1.06 acres) | | Property Type | Multi-Family (Triplex) | | Status | Pending | | Days on Market | 561 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,402 | | Estimated Insurance | $139 | | **Total** | **$2,541** | ## Nearby Schools - **Elementary:** Duzine - **Middle:** New Paltz Middle School - **High:** New Paltz Senior High School ## Property Highlights - Built in 1900 - 1.06 acre lot ## Description ### Agent Description Excellent Investment Opportunity - Fully Occupied 3-Family with Expansion Potential This income-generating 3-family property is fully occupied and currently bringing in 4,350 per month, with tenants responsible for all utilities. The building features two 1-bedroom units and one 2-bedroom unit, with an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits-unlocking even more income potential. Highlights include a durable metal roof, ample off-street parking with space for more vehicles than needed, and a solid rental history. While the exterior could benefit from some TLC, the property offers strong bones and immediate cash flow. The current rent roll is below market, leaving room for future rent increases and higher returns. ## Location - **Address:** 236 State Route 32 S, New Paltz, NY 12561 - **County:** Ulster County - **Coordinates:** 41.716116, -74.084039 - **Google Maps:** https://www.google.com/maps?q=41.716116,-74.084039 ## Listing Agent - **Name:** Jason W. Schobert - **Brokerage:** eXp Realty - **Broker Phone:** (888) 276-0630 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/236-State-Route-32-S_New-Paltz_NY_12561_M46242-88019?f=listhub&s=MLSLINY&m=851301&c=propsimple) ## Photos ![236 State Route 32 S - Photo 1](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f3963879003r.jpg) ![236 State Route 32 S - Photo 2](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f326746152r.jpg) ![236 State Route 32 S - Photo 3](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f1371452324r.jpg) ![236 State Route 32 S - Photo 4](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f733685865r.jpg) ![236 State Route 32 S - Photo 5](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f1815608460r.jpg) ![236 State Route 32 S - Photo 6](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f3628671855r.jpg) ![236 State Route 32 S - Photo 7](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f599193628r.jpg) ![236 State Route 32 S - Photo 8](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f4215984010r.jpg) ![236 State Route 32 S - Photo 9](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f4200406600r.jpg) ![236 State Route 32 S - Photo 10](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f3172319028r.jpg) ![236 State Route 32 S - Photo 11](http://lh.rdcpix.com/02e729c6c30ae9deaf51227a88066332l-f1207302048r.jpg) --- **MLS#:** 851301 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/236-state-route-32-s-new-paltz-ny-12561-b1a65e1a782b46ff9b75b1cc7c3e0fce) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/236-state-route-32-s-new-paltz-ny-12561-b1a65e1a782b46ff9b75b1cc7c3e0fce#listing", "url": "https://www.propertysimple.ai/listing/236-state-route-32-s-new-paltz-ny-12561-b1a65e1a782b46ff9b75b1cc7c3e0fce", "name": "236 State Route 32 S, New Paltz, NY 12561", "description": "Excellent Investment Opportunity - Fully Occupied 3-Family with Expansion Potential This income-generating 3-family property is fully occupied and currently bringing in 4,350 per month, with tenants responsible for all utilities. 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