Date
Details
Price
Change
Source
4/22/2025
Listed
$389,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$389,000 Sale Pending
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Property Description
Turn-Key Investment Opportunity in New Paltz! Fully occupied and income-producing, this well-maintained 2-family property is a prime addition to any investor's portfolio. Located in the heart of New Paltz with low taxes, this property features two spacious 2-bedroom, 1-bath units, each offering 1,138 sq ft of comfortable living space. Both units are occupied by long-term tenants - one for 7 years - currently generating 1,650 and 1,400/month, with tenants responsible for all utilities. That's 3,050/month in rental income with room to grow, as current rents are below market value - comparable 2-bedroom rentals in the area are averaging around 2,000/month. Additionally, the property includes a concrete block shed, offering further income potential through storage rental or other creative uses.
Full Property Details
Full Property Details for 234 State Route 32 S
General
- Price: $389,000
- Taxes: $8,003
- Status: Pending
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 851293
- Updated: 10/15/2025
- Added to Site: 271 day(s) ago
Interior
- Interior Features: First Floor Bedroom
Location
- County: Ulster County
- Driving Directions: Turn on to 32 South from New Paltz. Property is a few miles past college on your left.
School Information
- High School District: New Paltz
- Elementary School: Duzine
- Middle School: New Paltz Middle School
- High School: New Paltz Senior High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Electric
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Electricity Connected
Structural Information
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full Basement
- Year Built: 1900
Lot Features
- Lot Size (Acres): 1.2
- Lot Size (Sq. Ft.): 52,272
Financial Considerations
- Tax Amount: $8,003.6
Disclosures and Reports
- Special Conditions: None
- Property ID: 3889-094.002-0004-009.000-0000
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— 234 State Route 32 S —
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Schools
Schools serving 234 State Route 32 S
School District:New Paltz Central School District
| Name | Grades | Distance |
|---|---|---|
Lenape Elementary School 1 Eugene L Brown Drive, New Paltz, NY 12561 | 3-5 | 0.6 mi |
Duzine School 31 Sunset Ridge, New Paltz, NY 12561 | K-2 | 3 mi |
New Paltz Middle School 196 Main Street, New Paltz, NY 12561 | 6-8 | 2.1 mi |
New Paltz Senior High School 134 South Putt Corners Road, New Paltz, NY 12561 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 234 State Route 32 S
Tax History
Tax History for 234 State Route 32 S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,879
6%
$200,300
—
2021
$7,432
-41%
$200,300
—
2020
$12,656
544%
$200,300
—
2018
$1,965
4%
$200,300
—
2017
$1,898
-72%
$200,300
—
2016
$6,839
2%
$200,300
—
2015
$6,680
3%
$200,300
—
2015
$6,517
1%
$200,300
—
2013
$6,471
—
$200,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 234 State Route 32 S
234 State Route 32 S, New Paltz, NY 12561 (MLS# 851293) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 234 State Route 32 S is currently listed for $389,000 and was received on April 22, 2025. Want to learn more about 234 State Route 32 S? Do you have questions about finding other Multi-Family real estate for sale in New Paltz? You can browse all New Paltz real estate or contact a Coldwell Banker agent to request more information.