About This Home

This 4-bedroom, 3-bathroom multi-family at 491 State Route 32 in Wallkill, NY is listed for $550,000. Built in 1940, on a 2.50 acres lot.

Key Features

  • Built in 1940
  • 2.50 acre lot

Property Details

3 full
1940
Listing Description

Investor's Dream! Fully occupied 3-family property situated on a beautiful 2.5-acre lot in the Wallkill School District. This income-producing property offers immediate cash flow with three occupied units and additional rental income potential from the detached garage.

Set well back from the road, the property features a sprawling yard, ample green space, and an oversized driveway providing abundant parking for tenants and visitors. The combination of strong rental income, multiple revenue streams, and a picturesque setting makes this a rare opportunity for both seasoned and first-time investors.

Conveniently located near major commuter routes, shopping, dining, and recreation while still offering the privacy and appeal of a country setting. Whether you're looking to expand your portfolio or secure a long-term hold with upside potential, this property is a must-see.

Monthly Cost Estimate

$2,942/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160

Estimates only. Actual payments may vary.

Location

491 State Route 32

Wallkill, NY 12589

Property Details

Construction

Frame Stone

Parking

Driveway

Heating

Electric (Heating)

Cooling

Ductless

Questions & Answers

This 4-bedroom, 3-bathroom multi-family at 491 State Route 32 is listed at $550,000. The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 2.50 acre lot.

This property is listed by Michael Cahill and can be reached at 8456747386.

MC

Michael Cahill

Agent at HomeSmart Homes and Estates

(845) 674-7386

Listed by HomeSmart Homes and Estates · Broker phone: (845) 547-0005 · View on Broker Site

MLS# 1048420· Source: OneKey MLS· 13 days on PropertySimple

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.

491 State Route 32, Wallkill, NY 12589

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