Multi Family 2-4 in Orange County
| MLS Number | 876681 |
|---|---|
| Address | 290 1st Street, Newburgh, NY 12550 show map |
| Price | $599,000 show mortgage calculator |
| Acres | 0.15220385674931 |
| Year Built | 1900 |
| Est. Sq. Footage | 0 |
| Elementary School | Newburgh |
| Jr High-Middle School | Newburgh |
| High School | Newburgh Free Academy |
| Estimated Taxes | $6,573 |
| Total Apt Units | 2 |
| Total Bedrooms | 5 |
| # 2 Brs | 2 |
New to the Market – Prime Investment Opportunity in the City of Newburgh Discover the potential of this unique multi-parcel property offering a rare combination of income, space, and future development opportunity. Situated on a double lot with additional building potential, this duplex presents an exceptional opportunity for investors or buyers with vision. The property features a two-unit dwelling. The first-floor unit offers a comfortable 1-bedroom, 1-bath layout with an enclosed back porch, perfect for added living space or storage. The upper unit includes 2–3 bedrooms and 2 full bathrooms, providing flexible living arrangements. The property was recently fully occupied and offers strong income potential. While the duplex does require some updating, it provides a solid foundation for value-add improvements. Recent updates include two new heating systems, a new water line, and conversion to natural gas. Outside, the oversized lot provides abundant parking and a large backyard area. As an added bonus, the sale includes an additional building lot on a separate deed—opening the door for future development or expansion. The property presents a fantastic opportunity for investors looking to maximize value and potential in a growing area.
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