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Multi Family 2-4 in Orange County
MLS Number1002381
Address37 Monhagen Avenue, Middletown, NY 10940 show map
Price$450,000 show mortgage calculator
Acres0.40440771349862
Year Built1890
Est. Sq. Footage0
Elementary SchoolMaple Hill Elementary School
Jr High-Middle SchoolMonhagen Middle School
High SchoolMiddletown High School
Estimated Taxes$6,640
Total Apt Units3
Total Bedrooms5
# 4 Brs1
Remarks

Welcome to an opportunity that is becoming harder and harder to find. This multi-family property sits on a nearly half-acre lot in the City of Middletown and offers investors, contractors, and ambitious buyers the chance to create significant value. With 2,151 square feet, five bedrooms, three full bathrooms, and income-producing potential, this is the type of property that rewards vision and execution. Previously utilized as a three-unit property, the home will need to be used as a two-family residence moving forward per city guidelines. The opportunity here is simple: renovate, improve, and create a property capable of generating rental income for years to come. Whether your goal is to live in one unit while collecting rent from the other, add a cash-flowing asset to your portfolio, or pursue a value-add investment strategy, the foundation is already in place. Building plans are available to help complete the first-floor renovation, providing a head start for the next owner and helping bring the project to the finish line. Outside, you’ll find a large driveway with ample off-street parking, a rear deck, and a level backyard that adds both functionality and tenant appeal. While substantial repairs and updates are needed, opportunities like this are becoming increasingly scarce. The combination of size, lot dimensions, rental potential, and available building plans creates a compelling opportunity for the buyer willing to put in the work. Conveniently located near shopping, restaurants, schools, healthcare facilities, public transportation, and major commuter routes, the location further strengthens the property’s long-term appeal. Whether you’re looking to build equity, generate future rental income, expand your investment portfolio, or create a multi-generational living arrangement, this property offers the flexibility to support a variety of goals. Bring your contractor. Bring your vision. The plans are available, the potential is clear, and the opportunity to create something special is waiting.

Amenities

Garage

This listing is Courtesy of Keller Williams Hudson Valley (845-610-6065).

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