Sold
Last Sold Price

232 State Rte 32 S, New Paltz, NY 12561

Multi FamilyProperty Type
2.1 acresLot Size
1900Year Built

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.
  • Listed by: Jason W. Schobert 888.276.0630 jschobert@stevensre.com • eXp Realty
Listing closed: 02/27/2026 12:00 AM • Source: ONEKEY as distributed by MLS GRID, MLS#: 851288
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Location

Listing Courtesy of eXp Realty

Sold By eXp Realty

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Payment Calculator

$3,213 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,631

Property Taxes

$582

HOA Dues

$0

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Property Information for 232 State Rte 32 South

Property Details

  • Taxes: $6,985 / year
  • MLS Type: Triplex
  • City/Township: New Paltz
  • Architectural Style: Ranch
  • Waterfront: No

Building Information

  • Residences: 3
  • Year Built: 1900
  • Lot Size: 2.10 AC / 91,476 SF

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: Detached
  • 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: 0.0
  • Number Of 2 Bedrooms: 0.0
  • Number Of 3 Bedrooms: 0.0
  • Number Of 4 Bedrooms: 0.0
  • 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
  • Tax Source: Municipality
  • Tax Year: 2024

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, we often displays two records for one sale: the MLS record and the public record.

Public Records for 232 State Rte 32 South

Taxable Value

Land

$117,800

Additions

$57,000
Total$174,800

Tax Record

2025

$7,115 ($593 / month)

Home Facts

Baths

3

Total Finished SqFt

1,800 SqFt

Above Grade Finished SqFt

1,800 SqFt

Stories

1

Lot Size

91,476 SqFt

Style

Triplex

Year Built

1900

Zoning

R1

County

ULSTER

APN

513889 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.