232 State Route 32 South

New Paltz NY 12561

91476 sq. ft.

Duplex

Last sold for $492,900

Jason Schobert, last sold this property on 27 February 2026 after 310 days on market.

Overview

Rare Investment Opportunity in New Paltz - Turnkey 3-1800 square Family Property! Don't miss this chance to own a fully operational, income-generating 3-family property in the heart of New Paltz on 2.1 acres. Each of the three spacious units features 1 bedroom, offering comfortable living and strong rental appeal.Current Rent Roll: 1300 (long term tenant). 1400, 1750 (new tenant) Totaling 4,450/month Two of the three units are currently rented below market value, with 1-bedroom units in the area easily renting for around 1,800. That means there's room to increase your monthly income to approximately 5,400/month. Tenants pay all utilities, including heat and electricity, making this an ideal low-expense investment. Recent upgrades include: Newer roof,Updated flooring, Renovated bathrooms, Durable plastic septic system Located just off Route 32 South with a shared driveway, the property also has frontage on Brookside Road—offering potential to add a second private entrance. A multi-bay shed is included on the property, featuring three small bays and one larger bay—perfect for storage or renting out for additional income.

Features

91476 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in New Paltz over the last 12 months, the estimated median property value of 232 State Route 32 South is $530k.

Median value

$530k

Estimated value range

$380.54k - $785k

Median days on market

153

Estimated value trend

-44%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in New Paltz. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 232 State Route 32 South

2026

Sold

$492,900

27 Feb 2026 by Jason Schobert, of Exp Realty

2022

Sold

Undisclosed

02 Dec 2022

Happy sellers in New Paltz

We have insufficient information to provide an overview of customer satisfaction for New Paltz. Viewing the agent profiles, reviews and sales for New Paltz can provide insights for this location.