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$999,000
Est. payment /mo
8 Beds
4 Baths
1.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 953231
Bedrooms 8
Full Baths 4
Rental Info No
Year Built 1951
Annual Tax Amount $16,777
Lot Size 1.400 Acres
Acres 1.4
Property Sub-Type Triplex
Source onekey2
Property Description
Offered at $999,900, this legacy investment property in New Windsor within the Cornwall School District includes three separate single-family homes on approximately 1.4 acres. For buyers searching for a multi-home investment property in Orange County, this offers a rare setup with multiple income streams on one parcel. Located across the street from Cornwall High School and near train service, shopping, and schools, the location supports steady rental demand.
This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories.
Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The 1.4-acre lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision. Buyers must use cash or a renovation loan.
This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories.
Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The 1.4-acre lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision. Buyers must use cash or a renovation loan.
Location
State NY
County Orange County
Interior
Interior Features First Floor Bedroom, Eat-in Kitchen
Heating Baseboard, Oil, Propane
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Trash Collection Private
Garage false
Building
Foundation Other
Sewer Septic Tank
Water Well
Structure Type Other
Schools
High Schools Cornwall
School District Cornwall
Others
Senior Community No
Special Listing Condition None
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Listed by eXp Realty • Virginia Corbett
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