About This Home
This 3-bedroom, 2-bathroom single family at 89 5th Avenue in Newburgh, NY is listed for $424,000 ($317 per sqft). Built in 1847, the home offers 1,336 sqft of living space on a 3.10 acres lot.
Key Features
- Built in 1847
- 3.10 acre lot
- 6 parking spaces
Property Details
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.
Monthly Cost Estimate
$2,268/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
89 5th Avenue
Newburgh, NY 12550
Features & Amenities
Interior Features
Property Details
Flooring
Outdoor Features
Heating
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 89 5th Avenue is listed at $424,000 ($317/sqft). The estimated monthly payment is $2,268 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1847, 3.10 acre lot, 6 parking spaces. Interior Features: Eat-in Kitchen.
This property is listed by Jodi M Gillespie and can be reached at 8455657073.
