232 State Rte 32 S

Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don't miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal. Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4,450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area...Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don't miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal. Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4,450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area easily renting for around 1,800. That means there's room to increase your monthly income to approximately 5,400/month. Tenants pay all utilities, including heat and electricity, making this an ideal low-expense investment. Recent upgrades include: Newer roof,Updated flooring, Renovated bathrooms, Durable plastic septic system Located just off Route 32 South with a shared driveway, the property also has frontage on Brookside Road—offering potential to add a second private entrance. A multi-bay shed is included on the property, featuring three small bays and one larger bay—perfect for storage or renting out for additional income.
  1. Listed by Jason W. Schobert • eXp Realty
    P: (888)-276-0630 C: (845)-249-5249 jschobert@stevensre.com

Property Details for 232 State Rte 32 South

City/Township
New Paltz
Architectural Style
Ranch
Waterfront
No
LISTING UPDATED: 03/02/2026 09:52 AM

Property Details for 232 State Rte 32 South

StatusClosed
MLS #851288
Days on Market176
Taxes$6,985 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTriplex
Year Built1900
Lot Size2.10 AC / 91,476 SF
CountyUlster County

Location

Listing Courtesy of eXp Realty

Sold By eXp Realty

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Building Information for 232 State Rte 32 South

Stories-Residences3Year Built1900Building Size-Lot Size2.10 AC / 91,476 SF

Payment Calculator

$3,064 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,482

Property Taxes

$582

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 232 State Rte 32 South

Summary
Location and General Information
  • Senior Community YN: No
  • Directions: Take 32 South from the village go a few miles and property on the left
  • Property Attached: No
  • Structure Type: false
  • State Or Province: NY
School Information
  • School District: New Paltz
  • Elementary School District: New Paltz
  • Elementary School: Duzine
  • Middle Or Junior School District: New Paltz
  • Middle Or Junior School: New Paltz Middle School
  • High School District: New Paltz
  • High School: New Paltz Senior High School
Unit Information
Unit Information
  • Number Of 1 Bedrooms: 0
  • Number Of 2 Bedrooms: 0
  • Number Of 3 Bedrooms: 0
  • Number Of 4 Bedrooms: 0
  • Building Units Total: 3
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 3889-094.002-0004-010.000-0000
  • Tax Assessed Value: $174,800.00
Interior and Exterior Features
Interior Features
  • Amenities: Other, Ranch, Well
  • Interior Features: Other
  • Attic Description: Scuttle
  • Basement: No
Exterior Features
  • Elevation Certificate: No
  • Construction Materials: Frame
Lot Information
  • Building Area Units: Square Feet
Parking
  • Garage: No
  • Carport: No
Utilities
  • Cooling: None
  • Heating: Baseboard, Electric, Other
  • Heat Fuel Type: Baseboard, Electric, Other
  • Sewer: Septic Tank
  • Water Source: Well
  • Utilities: Electricity Available
Green Features
  • Green Features: Baseboard, Electric, Other
Agent
Payment and Rate
  • Down Payment Resource: Yes

Property History for 232 State Rte 32 South

DateEvent & SourcePriceAppreciation
Feb 27, 2026

Sold

ONEKEY #851288

$492,900
Oct 15, 2025

Pending

ONEKEY #851288

Apr 22, 2025

Listed (Active)

ONEKEY #851288

$495,000
DateEvent & SourcePrice
02/27/2026

Sold

ONEKEY #851288

$492,900
10/15/2025

Pending

ONEKEY #851288

04/22/2025

Listed (Active)

ONEKEY #851288

$495,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 232 State Rte 32 South

Taxable ValueLand$117,800Additions$57,000Total$174,800
Tax Record2024$6,876 ($573 / month)
Home Facts
Baths3Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories1Lot Size91,476 SqFtStyleTriplexYear Built1900ZoningR1CountyULSTERAPN513889 94.2-4-10

Schools near 232 State Rte 32 South

This home is within New Paltz Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Duzine School
PublicPK to 2

Lenape Elementary School
Public3 to 5

New Paltz Middle School
Public6 to 8

New Paltz Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of eXp Realty

Based on information submitted to the MLS GRID as of 03/02/2026 09:52 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.