For sale

$550,000

Est. $3,750/mo —

•

2,761

sq ft

491 State Route 32, Wallkill, NY 12589

About this home

Investor's Dream! Fully occupied 3-family property situated on a beautiful 2.5-acre lot in the Wallkill School District. This income-producing property offers immediate cash flow with three occupied units and additional rental income potential from the detached garage. Set well back from the road, the property features a sprawling yard, ample green space, and an oversized driveway providing abundant parking for tenants and visitors. The combination of strong rental income, multiple revenue streams, and a picturesque setting makes this a rare opportunity for both seasoned and first-time investors. Conveniently located near major commuter routes, shopping, dining, and recreation while still offering the privacy and appeal of a country setting. Whether you're looking to expand your portfolio or secure a long-term hold with upside potential, this property is a must-see.

Multi-familyProperty Type

1940Year Built

2.5 acresLot Size

$199Price/Sq.Ft.

2 car garageParking

Listing by Michael Cahill • HomeSmart Homes & Estates

Contact: 845-547-0005

Listing updated: Sep 9, 2026 at 05:04am

Redfin checked: 2 minutes ago

•Source:OneKey® MLS as Distributed by MLS Grid #1048420

Payment calculator

$3,750 per month

Principal and interest$3,077

Property taxes

$586

HOA dues

Home insurance

$87

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SAT, 11AM TO 1PM
$699,900
4 beds2.5 baths2,681 sq ft
21 Francis Harrison Ct, Montgomery, NY 12549
Listing by HomeSmart Homes & Estates
OPEN SAT, 11AM TO 3PM3D WALKTHROUGH
$1,750,000
6 beds3.5 baths3,414 sq ft
4 Low Rd, Wallkill, NY 12589
Listing by Howard Hanna Rand Realty
OPEN SAT, 12PM TO 4PM3D WALKTHROUGH
$649,000
2 beds1 bath922 sq ft
11 S Walnut St, Beacon, NY 12508
Listing by Compass Greater NY, LLC
OPEN SAT, 12PM TO 2PM
$875,000
3 beds2 baths1,975 sq ft
25 E Willow St, Beacon, NY 12508
Listing by Compass Greater NY, LLC
OPEN SAT, 12PM TO 2PM
$499,000
3 beds2 baths1,840 sq ft
572 Beattie Rd, Rock Tavern, NY 12575
Listing by eXp Realty
OPEN SAT, 12PM TO 2PM
$539,900
5 beds2 baths2,316 sq ft
22 Hill View Dr, New Windsor, NY 12553
Listing by KW Hudson Valley United
OPEN SAT, 1PM TO 3PM
$695,000
4 beds3 baths3,400 sq ft
221 Highland Ave, Marlboro, NY 12542
Listing by Compass Greater NY, LLC
OPEN SAT, 3:30PM TO 5:30PM
$325,000
3 beds1.5 baths1,009 sq ft
30 Flemming Dr, Newburgh, NY 12550
Listing by KW MidHudson
OPEN SUN, 12PM TO 3PM
$899,000
4 beds3.5 baths2,676 sq ft
529 Hulsetown Rd, Campbell Hall, NY 10916
Listing by Casa Roots Real Estate, LLC
OPEN SUN, 1PM TO 3PM
$240,000
2 beds1.5 baths1,050 sq ft
11 Sterling #11, Beacon, NY 12508
Listing by Century 21 Alliance Rlty Group

Around this home

Schools

K - 12
Preschool & daycare

Some nearby schools may not be within this home's attendance zone. Please check the Wallkill Central School District website to verify.

Leptondale Elementary School

Public K-6 • 1.5mi

6/10

Fostertown Etc Magnet School

Public K-5 • 1.7mi

5/10

Meadow Hill School

Public K-8 • 3.1mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

491 State Route 32 · $550,000

Strong offer

$551K and above

75% chance or better to win

Why $551K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 54 days.

SALE-TO-LIST

Most homes are selling 6% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Interior features
Finished basement
Other interior features

Bedrooms
Two 1-bedroom units
One 2-bedroom unit

Bathrooms
Three full bathrooms

Laundry & utility
Shared/common laundry area
Laundry room in basement

Heating & cooling
Electric heating
Other heating
Ductless cooling

Sale and tax history for 491 State Route 32

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2026

$7,032

$10,400 + $45,900

$56,300

2025

$7,032 (+8.7%)

$10,400 + $45,900

$56,300

2024

$6,470 (+1.8%)

$10,400 + $45,900

$56,300

2023

$6,356 (+1.1%)

$10,400 + $45,900

$56,300

2022

$6,286 (−3.2%)

$10,400 + $45,900

$56,300

2021

$6,496 (+1.0%)

$10,400 + $45,900

$56,300

2020

$6,429 (+2.8%)

$10,400 + $45,900

$56,300

2019

$6,252 (+2.1%)

$10,400 + $45,900

$56,300

2018

$6,123 (−2.4%)

$10,400 + $45,900

$56,300

2017

$6,271 (−1.0%)

$10,400 + $45,900

$56,300

2016

$6,336 (−1.1%)

$10,400 + $45,900

$56,300

2015

$6,405 (+5.1%)

$10,400 + $45,900

$56,300

2014

$6,095

$10,400 + $45,900

$56,300

Public record

Beds

Baths

Stories

1.5

Lot width

—

Lot depth

—

Lot size

2.5 Acres

Year renovated

1946

Finished Sq. Ft.

2,761

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,761

Year built

1940

Style

Multi-Family (2-4 Unit)

County

Orange County

APN

334600A00400000020220000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 28, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

4/10 Heat Factor

7 days above 97° expected this year, 15 days in 30 years

4/10 Wind Factor

14% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Wallkill, NY • 12589

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

95/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Wallkill. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.1 hrs

6.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 491 State Route 32

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $527,000 and $645,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $527K to $645K.

SOLD JUL 24, 2026
$527,000 Last sold price
4 beds3 baths2,106 sq ft
14 Foxwood Dr, Newburgh, NY 12550
Listing by Easy Lifestyle Real Estate
$51/sq ft
smaller lot
34 years newer
SOLD JUN 30, 2026
$610,000 Last sold price
3 beds3 baths2,768 sq ft
123 Foxwood Dr S, Newburgh, NY 12550
Listing by RE/MAX Benchmark Realty Group
$21/sq ft
smaller lot
54 years newer
SOLD SEP 12, 2026
$645,000 Last sold price
4 beds2.5 baths3,386 sq ft
10 Marino Dr, Wallkill, NY 12589
Listing by HomeSmart Homes & Estates
$9/sq ft
smaller lot
61 years newer
SOLD JUN 9, 2026
$568,000 Last sold price
3 beds2.5 baths2,128 sq ft
5 Ramona Rd, Newburgh, NY 12550
Listing by Keller Williams Valley Realty
$68/sq ft
smaller lot
60 years newer
SOLD AUG 10, 2026
$598,100 Last sold price
4 beds3 baths2,250 sq ft
636 Gardnertown Rd, Newburgh, NY 12550
Listing by HomeSmart Homes & Estates
$67/sq ft
79 years newer
SOLD AUG 14, 2026
$610,000 Last sold price
3 beds2.5 baths2,278 sq ft
43 Ramblewood Dr, Newburgh, NY 12550
Listing by HomeSmart Homes & Estates
$69/sq ft
larger lot
61 years newer

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