45 Waterstone Rd
$630,000
Last Sold Price
3
Beds
3
Baths
2,229 Sq. Ft.
$283 / Sq. Ft.
2,229
Sq. Ft.
$283
per Sq. Ft.
Closed 12/30/25
Closed 12/30/25
Description
Attention investors! Don’t miss out on this incredible multi-family investment opportunity in beautiful Greenwood Lake, NY with four separate income streams including a fully renovated duplex, a large office space and 2-car garage/workshop. Duplex contains an updated 2 BR, 1 bath apt on the main floor with laundry and rear deck, plus a cozy 1 BR, 1 bath apt on the 2nd floor. The purchase also includes the adjacent 2-car garage/workshop with large office on the 2nd floor. Office offers flexible open...Attention investors! Don’t miss out on this incredible multi-family investment opportunity in beautiful Greenwood Lake, NY with four separate income streams including a fully renovated duplex, a large office space and 2-car garage/workshop. Duplex contains an updated 2 BR, 1 bath apt on the main floor with laundry and rear deck, plus a cozy 1 BR, 1 bath apt on the 2nd floor. The purchase also includes the adjacent 2-car garage/workshop with large office on the 2nd floor. Office offers flexible open floor plan for client meetings, 2 private office rms, a kitchenette, half bathroom and balcony. Ideally designed for owner-occupied contractor seeking proper office space immediately above garage/workshop or a mother/daughter scenario. This is a very special, low maintenance property with ample parking in front. Everything has been fully renovated from top to bottom and tastefully executed throughout. New HVAC, mini-splits, electric, plumbing, roofing, siding, windows, doors, deck, carpets/flooring, kitchens, bathrooms, appliances and more. It’s turn-key, move-in ready. Nothing to update, nothing to repair – leave your tools at home! There’s absolutely nothing to do here but start making money! The village welcomes both long- and short-term rentals and this investment property checks all boxes! The pictures do not do this property justice. The apartments are so meticulous that you could eat off the floors! This is prime real estate in a great location within the Village of Greenwood Lake where multi-family investment properties are extremely scarce. Close to everything you need - shops, restaurants, schools, parks, public transportation and best of all – THE LAKE! Walk to Thomas Morahan Waterfront Park to experience the summer concerts or board your boat at a nearby marina. Nearby State Route 17A connects to all the major arteries in under 30 min. such as Route 17, Interstate 287, Interstate 87, Route 6 and Palisades Pkwy. Close to Harriman and Tuxedo train stations. Only 50 miles to NYC. It doesn’t get any better than this. Greenwood Lake is a very special place that has had a massive influx of investors since the onset of Covid. Residents enjoy year-round activities including free summer concerts at the town beach, street fairs, thousands of miles of hiking trails, camping, fishing, power boating, paddle boarding, snow skiing/tubing at nearby Mt. Peter and/or Mt. Creek, lakeside dining, local wineries & apple picking, Renaissance Festival, Apple Festival, Octoberfest, Winter Carnival, & shopping at Woodbury Commons Premium Outlets and much more! Additional details available upon request. Schedule your private tour today!
- Listed by Vincent N. McAteer • Terrie OConnorP: (201)-786-9055 C: (845)-499-3628 vmcateer@tocr.com
Property Details for 45 Waterstone Road
City/Township
Warwick (Town)
ViewNone
Architectural StyleOther
Garage Spaces2.00
WaterfrontNo
Section AreaLinden Ave
LISTING UPDATED: 12/30/2025 07:34 PM
Property Details for 45 Waterstone Road
| Status | Closed |
|---|---|
| MLS # | 915837 |
| Days on Market | 51 |
| Taxes | $6,977 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Duplex |
| Year Built | 1935 |
| Lot Size | 0.14 AC / 6,000 SF |
| County | Orange County |
Location
Listing Courtesy of Terrie OConnor
Sold By Howard Hanna Rand Realty
Add your commute
Building Information for 45 Waterstone Road
Stories-Residences3Year Built1935Building Size-Lot Size0.14 AC / 6,000 SF
Payment Calculator
$3,694 per month
30 year fixed, 6.28% Interest
Principal and Interest
$3,113
Property Taxes
$581
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 45 Waterstone Road
Summary
Location and General Information
- Village: Greenwood Lake
- Senior Community YN: No
- Directions: New York State Route 17S to Windermere Ave to Waterstone Road
- Tax Block: 9
- Tax Lot: 6
- Year Built Effective: 2021
- Property Attached: No
- Structure Type: false
- Property Condition: Actual
- Country: US
- State Or Province: NY
- Water Access YN: Yes
School Information
- School District: Greenwood Lake, Warwick Valley
- Elementary School District: Greenwood Lake
- Elementary School: Greenwood Lake Elementary School
- Middle Or Junior School District: Greenwood Lake
- Middle Or Junior School: Greenwood Lake Middle School
- High School District: Warwick Valley
- High School: Warwick Valley High School
Unit Information
Unit 1 Information
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
Unit 2 Information
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
Unit 3 Information
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
Unit Information
- Number Of 1 Bedrooms: 1
- Number Of 2 Bedrooms: 1
- Number Of 3 Bedrooms: 0
- Number Of 4 Bedrooms: 0
- Building Units Total: 3
Taxes and HOA Information
Taxes and HOA Information
- Parcel Number: 335403-309-000-0009-006.000-0000
- Included In Taxes: Trash
- Tenant Pays: All Utilities
Income & Expenses Information
Income & Expenses Information
- Gross Income: $75,600.00
- Maintenance Expense: $.00
- Trash Expense: $.00
- Fuel Expense: $.00
- Other Expense: $4,479.00
- Operating Expense: $14,025.00
Interior and Exterior Features
Interior Features
- Amenities: 1st Floor Bedrm, Balcony, Carpet, Ceiling Fan(s), Ceramic Tile, Deck, Double Pane Windows, Eat in Kitchen, Electric Dryer Hookup, Garage(s), In Kitchen, New Windows, None, Other, Porch, Public, Quartz/Quartzite Counters, Recessed Lighting, Smoke Detector(s), Vinyl, Walk Through Kitchen, Washer Hookup, Washer/Dryer Hookup, Workshop
- Interior Features: First Floor Bedroom, Ceiling Fan(s), Eat-in Kitchen, Quartz/Quartzite Counters, Recessed Lighting, Walk Through Kitchen, Washer/Dryer Hookup
- Attic Description: Pull Stairs
- Fireplace: No
- Fireplaces Total: 0
- Location Amenities: Other/See Remarks, Balcony, 1st Fl Master Bedroom, Eat in Kitchen, Walk Through Kitchen, WD Hookup, Workshop, Deck, Porch, Double Paned Windows, New Windows
- Laundry Features: Electric Dryer Hookup, In Kitchen, Washer Hookup
- Security Features: Other,Smoke Detector(s)
- Spa: No
- Window Features: Double Pane Windows,New Windows
- Flooring: Carpet, Ceramic Tile, Vinyl
- Foundation Details: Block, Concrete Perimeter
- Basement: No
Exterior Features
- Exterior Features: Balcony
- Exterior Property Features: Balcony, Deck, Porch, Detached, Driveway, None, Double Pane Windows, New Windows, Back Yard, Level, Near Public Transit, Near School, Near Shops
- Elevation Certificate: No
- Fencing: None
- Patio And Porch Features: Deck,Porch
- Construction Materials: Fiberglass Insulation, Frame, Vinyl Siding
- Road Frontage Type: Municipal
- Road Responsibility: Public Maintained Road
- Other Structures: Garage(s),Workshop
- Pool Private: No
Lot Information
- Lot Features: Back Yard, Level, Near Public Transit, Near School, Near Shops
- Lot Size Dimensions: 75x80
- Additional Parcel: No
- Site Features: Back Yard, Level, Near Public Transit, Near School, Near Shops
- Building Area Units: Square Feet
Parking
- Parking Features: Detached, Driveway
- Parking Total: 6.00
- Garage: Yes
- Carport: No
- Carport Spaces: 0.0
Utilities
- Cooling: Central Air, Ductless, Zoned
- Heating: Electric, Forced Air, Natural Gas
- Heat Fuel Type: Electric, Forced Air, Natural Gas
- Number Of Heating Zones: 3
- Sewer: Septic Tank
- Water Source: Public
- Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected
- Number Of Separate Electric Meters: 3
Green Features
- Green Features: Double Pane Windows, New Windows, Electric, Forced Air, Natural Gas, Balcony
Agent
Payment and Rate
- Down Payment Resource: Yes
Property History for 45 Waterstone Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 23, 2015 | Sold (Public Record) Public Record #563878001 | $150,000 | — |
| Dec 23, 2015 | Sold (Public Record) Public Record #563878001 | $150,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/23/2015 | Sold (Public Record) Public Record #563878001 | $150,000 |
| 12/23/2015 | Sold (Public Record) Public Record #563878001 | $150,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 45 Waterstone Road
Taxable ValueLand$7,300Additions$24,500Total$31,800
Home Facts
Baths2Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories2Lot Size6,000 SqFtStyleDuplexYear Built1935Zoning202CountyORANGEAPN335403 309-9-6
Schools near 45 Waterstone Road
This home is within Greenwood Lake Union Free School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 3 | |||
| Public - | 4 to 8 |
Rating | School | Distance |
|---|---|---|
Greenwood Lake Elementary School PublicK to 3 | ||
Greenwood Lake Middle School Public4 to 8 |
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Terrie OConnor
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/03/2026 12:25 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.
