Multi Family 2-4 in Ulster County
| MLS Number | 1000543 |
|---|---|
| Address | 39 N Chestnut Street, New Paltz, NY 12561 show map |
| Price | $1,199,999 show mortgage calculator |
| Acres | 0.15 |
| Year Built | 1890 |
| Est. Sq. Footage | 0 |
| Elementary School | Duzine |
| Jr High-Middle School | New Paltz Middle School |
| High School | New Paltz Senior High School |
| Estimated Taxes | $8,592 |
| Total Apt Units | 3 |
| Total Bedrooms | 7 |
| # 2 Brs | 1 |
| # 3 Brs | 1 |
| # 4 Brs | 1 |
Charming 1890 brick Victorian triplex in the heart of the Village of New Paltz. Located at 39 N Chestnut St, this well-maintained multi-family property offers a rare opportunity for both owner-occupants and investors seeking strong, consistent rental income in a highly desirable, walkable location. The property features a total of 3,273 square feet with three separate units. The first floor consists of a spacious 2-bedroom apartment with an additional flex room that generates $3,300/month. The second-floor unit is a 3-bedroom apartment with a monthly rental income of $2,625. The third-floor unit is a 4-bedroom apartment generating $3,000/month. Total monthly rental income is $8,925, equating to $107,100 annually. Recent improvements include a new roof installed in 2025. Tenants are responsible for heat and electric, helping to minimize owner expenses. The property offers off-street parking at the rear, along with a detached garage. Ideally situated less than a 10-minute walk to SUNY New Paltz Campus, minutes to the Village’s shops, restaurants, and amenities, approximately one minute to the Rail Trail, and an 8-minute walk to the Trailways bus station. A unique opportunity to own a character-filled 1890 brick Victorian multi-family property in one of the Hudson Valley’s most sought-after locations.
Garage, Walk Metro-North RR
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