234 State Rte 32 S

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

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...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.
  1. Listed by Jason W. Schobert • eXp Realty
    P: (888)-276-0630 C: (845)-249-5249 jschobert@stevensre.com

Property Details for 234 State Rte 32 South

City/Township
New Paltz
Waterfront
No
LISTING UPDATED: 03/02/2026 09:55 AM

Property Details for 234 State Rte 32 South

StatusClosed
MLS #851293
Days on Market170
Taxes$8,004 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeDuplex
Year Built1900
Lot Size1.20 AC / 52,272 SF
CountyUlster County

Location

Listing Courtesy of eXp Realty

Sold By eXp Realty

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Building Information for 234 State Rte 32 South

Stories-Residences2Year Built1900Building Size-Lot Size1.20 AC / 52,272 SF

Payment Calculator

$2,583 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,916

Property Taxes

$667

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 234 State Rte 32 South

Summary
Location and General Information
  • Senior Community YN: No
  • Directions: Turn on to 32 South from New Paltz. Property is a few miles past college on your 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: 2
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 3889-094.002-0004-009.000-0000
  • Tax Assessed Value: $200,300.00
Interior and Exterior Features
Interior Features
  • Amenities: 1st Floor Bedrm, Well
  • Interior Features: First Floor Bedroom
  • Basement: Full
  • Attic Description: Scuttle
  • Location Amenities: 1st Fl Master Bedroom
  • Basement: Yes
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
  • Heat Fuel Type: Baseboard, Electric
  • Sewer: Septic Tank
  • Water Source: Well
  • Utilities: Electricity Connected
Green Features
  • Green Features: Baseboard, Electric
Agent
Payment and Rate
  • Down Payment Resource: Yes

Property History for 234 State Rte 32 South

DateEvent & SourcePriceAppreciation
Feb 27, 2026

Sold

ONEKEY #851293

$380,540
Nov 1, 2025

Expired

HVCR MLS #20255096

$389,000
Oct 15, 2025

Pending

HVCR MLS #20255096

DateEvent & SourcePrice
02/27/2026

Sold

ONEKEY #851293

$380,540
11/01/2025

Expired

HVCR MLS #20255096

$389,000
10/15/2025

Pending

HVCR MLS #20255096

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

Public Records for 234 State Rte 32 South

Taxable ValueLand$106,100Additions$94,200Total$200,300
Tax Record2025$8,152 ($679 / month)
Home Facts
Baths2Total Finished SqFt1,338 SqFtAbove Grade Finished SqFt1,338 SqFtStories2Lot Size52,272 SqFtStyleDuplexYear Built1900ZoningR1CountyULSTERAPN513889 94.2-4-9

Schools near 234 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 09:55 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.