232 State Route 32 S, New Paltz, NY 12561

Off Market Feb 2026 for $492K

$609,962

Est. refi paymentEst. refi $3,384/mo

Studio

•

— ba

•

—

sq ft

232 State Route 32 S, New Paltz, NY 12561

About this home

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.

Multi-familyProperty Type

1900Year Built

2.1 acresLot Size

Listing by Jason Schobert • eXp Realty

Bought with Amanda Wilcox • eXp Realty

Redfin checked: 2 minutes ago

•Source:OneKey® MLS as Distributed by MLS Grid #851288

Redfin Estimate

$609,962

$117K since sold in February 2026$5,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 11.2% higher than the average sale price ($548K) of 6 comparable homes.

SOLD JUL 29, 2026
$545,000
A
3 beds2.5 baths3,332 sq ft
323 Freetown Hwy, Wallkill, NY 12589
Listing by BHHS Hudson Valley Properties
SOLD AUG 17, 2026
$999,900
B
3 beds3.5 baths3,170 sq ft
1 Rapp Hill Rd, New Paltz, NY 12561
Listing by Compass Greater NY, LLC
SOLD SEP 10, 2026
$475,000
C
3 beds1 bath1,644 sq ft
75 Brookside Rd, New Paltz, NY 12561
Listing by Church Street Realty Services
SOLD JUL 1, 2026
$471,000
D
3 beds2.5 baths2,068 sq ft
7 Lynn Pl, New Paltz, NY 12561
Listing by Century 21 Alliance-NP
SOLD AUG 13, 2026
$600,000
E
3 beds2 baths1,570 sq ft
120 State Route 208, New Paltz, NY 12561
Listing by eXp Realty
SOLD JUL 7, 2026
$200,000
F
3 beds2 baths1,495 sq ft
1014 Route 44 55, Clintondale, NY 12515
Listing by Keller Williams Realty

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Earn from this home

Sell

$181,865

Est. take-home

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Refinance

Est. cash available

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Market trends in 12561, NY

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

103.9%

0.6% MoM

Median sale price

$667K

$112K MoM

Avg. days on market

41d

2 days MoM

Recently sold homes

8 MoM

New listings for sale

COMING SOON
$1,195,000
3 beds3.5 baths2,600 sq ft
739 Old Post Rd, New Paltz, NY 12561
Listing by Compass Greater NY, LLC
$179,000
1 bed1 bath431 sq ft
6 Huguenot St #4, New Paltz, NY 12561
Listing by Coldwell Banker Village Green
$499,900
3 beds2 baths1,620 sq ft
64 Dashville Rd, New Paltz, NY 12561
$1,198,000
3 beds3 baths2,712 sq ft
227 Mountain Rest Rd, New Paltz, NY 12561
$1,950,000
3 beds2.5 baths2,738 sq ft
815 Albany Post Rd, New Paltz, NY 12561
$539,000
3 beds2.5 baths2,420 sq ft
9 Watch Hill Rd, New Paltz, NY 12561
Listing by Coldwell Banker Village Green
$495,000
3 beds2.5 baths1,368 sq ft
1 N Ohioville Rd, New Paltz, NY 12561
Listing by Compass Greater NY, LLC
3D WALKTHROUGH
$449,000
3 beds1 bath1,344 sq ft
267 State Route 32 S, New Paltz, NY 12561
Listing by RE/MAX Benchmark Realty Group
$240,000
1 bed1 bath661 sq ft
19 Huguenot St #3, New Paltz, NY 12561
Listing by eXp Realty
$134,999
2 beds1 bath840 sq ft
6 Oahu Ln, New Paltz, NY 12561
Listing by Keller Williams Realty
See all

Provided by Redfin

Sale history for 232 State Route 32 S

Year

Property tax

Land + Additions

Assessment*

2025

$7,092 (+1.5%)

$117,800 + $57,000

$174,800

2024

$6,985 (+2.4%)

$117,800 + $57,000

$174,800

2023

$6,822 (+4.3%)

$117,800 + $57,000

$174,800

2022

$6,542 (+0.3%)

$117,800 + $57,000

$174,800

2021

$6,523 (−1.0%)

$117,800 + $57,000

$174,800

2020

$6,586 (−40.0%)

$117,800 + $57,000

$174,800

2019

$10,974 (+553.8%)

$117,800 + $57,000

$174,800

2018

$1,679 (+3.8%)

$117,800 + $57,000

$174,800

2017

$1,617 (−72.9%)

$117,800 + $57,000

$174,800

2016

$5,968 (+2.4%)

$117,800 + $57,000

$174,800

2015

$5,829 (+2.5%)

$117,800 + $57,000

$174,800

2014

$5,687

$117,800 + $57,000

$174,800

Tax history for 232 State Route 32 S

Year

Property tax

Land + Additions

Assessment*

2025

$7,092 (+1.5%)

$117,800 + $57,000

$174,800

2024

$6,985 (+2.4%)

$117,800 + $57,000

$174,800

2023

$6,822 (+4.3%)

$117,800 + $57,000

$174,800

2022

$6,542 (+0.3%)

$117,800 + $57,000

$174,800

2021

$6,523 (−1.0%)

$117,800 + $57,000

$174,800

2020

$6,586 (−40.0%)

$117,800 + $57,000

$174,800

2019

$10,974 (+553.8%)

$117,800 + $57,000

$174,800

2018

$1,679 (+3.8%)

$117,800 + $57,000

$174,800

2017

$1,617 (−72.9%)

$117,800 + $57,000

$174,800

2016

$5,968 (+2.4%)

$117,800 + $57,000

$174,800

2015

$5,829 (+2.5%)

$117,800 + $57,000

$174,800

2014

$5,687

$117,800 + $57,000

$174,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

42 ft.

Lot depth

—

Lot size

2.1 Acres

Year renovated

—

Sq. Ft.

1,800

Year built

1900

Style

Multi-Family (2-4 Unit)

County

Ulster County

APN

513889A09400200040100000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 31, 2026.

Property details

Parking

Parking Information
Carport YN: No

Interior

Heating & Cooling
Cooling: None
Heating: Baseboard, Electric, Other

Interior Features
Interior Features: Other

Room Information
Basement YN: No
Attic: Scuttle

Exterior

Exterior Features
Construction Materials: Frame
Waterfront YN: No

Property Information
Property Sub Type: Triplex

Financial

Tax Information
Tax Year: 2024
Tax Source: Municipality
Tax Annual Amount: $6,984.67

Financial Information
Buyer Financing: Conventional

Utilities

Utility Information
Sewer: Septic Tank
Utilities: Electricity Available

Location

School Information
Elementary School: Duzine
Elementary School District: New Paltz
Middle Or Junior School: New Paltz Middle School
Middle Or Junior School District: New Paltz
High School: New Paltz Senior High School
High School District: New Paltz

Location Information
Directions: Take 32 South from the village go a few miles and property on the left
County Or Parish: Ulster County

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 1,800
Stories: 1.0
Lot Size: 2.1 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Ulster County
APN: 513889A09400200040100000000

Home facts updated by county records on Jul 31, 2026

Around this home

Schools

Lenape Elementary School

Public 3-5 • Assigned • 0.7mi

7/10

New Paltz Middle School

Public 6-8 • Assigned • 2.1mi

9/10

New Paltz Senior High School

Public 9-12 • Assigned • 0.7mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

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

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 96° expected this year, 15 days in 30 years

4/10 Wind Factor

10% 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

New Paltz, NY • 12561

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.7 hours in June and 3.8 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

3.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$580,000 – $702,000

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New listings for sale in 12561

COMING SOON

$1,195,000

3 beds3.5 baths2,600 sq ft

739 Old Post Rd, New Paltz, NY 12561

Listing by Compass Greater NY, LLC

$179,000

1 bed1 bath431 sq ft

6 Huguenot St #4, New Paltz, NY 12561

Listing by Coldwell Banker Village Green

$499,900

3 beds2 baths1,620 sq ft

64 Dashville Rd, New Paltz, NY 12561

$1,198,000

3 beds3 baths2,712 sq ft

227 Mountain Rest Rd, New Paltz, NY 12561

$1,950,000

3 beds2.5 baths2,738 sq ft

815 Albany Post Rd, New Paltz, NY 12561

$539,000

3 beds2.5 baths2,420 sq ft

9 Watch Hill Rd, New Paltz, NY 12561

Listing by Coldwell Banker Village Green

$495,000

3 beds2.5 baths1,368 sq ft

1 N Ohioville Rd, New Paltz, NY 12561

Listing by Compass Greater NY, LLC

3D WALKTHROUGH

$449,000

3 beds1 bath1,344 sq ft

267 State Route 32 S, New Paltz, NY 12561

Listing by RE/MAX Benchmark Realty Group

$240,000

1 bed1 bath661 sq ft

19 Huguenot St #3, New Paltz, NY 12561

Listing by eXp Realty

Home values near 232 State Route 32 S

Data from public records.

Address	Redfin Estimate
222 State Route 32 South, New Paltz, NY 2 Beds \| 1 Baths \| 962 Sq. Ft.	$385,780
224 State Route 32 South, New Paltz, NY 4 Beds \| 2.5 Baths \| 2504 Sq. Ft.	$557,684

Address	Redfin Estimate
228 State Route 32 South, New Paltz, NY 3 Beds \| 1 Baths \| 1291 Sq. Ft.	$428,528
226 State Route 32 South, New Paltz, NY 6 Beds \| 4 Baths \| - Sq. Ft.	$569,170

Address	Redfin Estimate
230 State Route 32 South, New Paltz, NY 3 Beds \| 1 Baths \| 1067 Sq. Ft.	$409,013
241 State Route 32 South, New Paltz, NY 3 Beds \| 3 Baths \| 2000 Sq. Ft.	$594,590

Property information provided by OneKey® MLS as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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