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About the Listing EXPRLT05 - 70270
Charming 1890 brick Victorian triplex in the heart of the Village of New Paltz. Located at 39 N Chestnut St, this well-maintained multi-family property offers a rare opportunity for both owner-occupants and investors seeking strong, consistent rental income in a highly desirable, walkable location. The property features a total of 3,273 square feet with three separate units. The first floor consists of a spacious 2-bedroom apartment with an additional flex room that generates $3,300/month. The second-floor unit is a 3-bedroom apartment with a monthly rental income of $2,625. The third-floor unit is a 4-bedroom apartment generating $3,000/month. Total monthly rental income is $8,925, equating to $107,100 annually. Recent improvements include a new roof installed in 2025. Tenants are responsible for their own heat and electric, helping to minimize owner expenses. The property offers off-street parking at the rear, along with a detached garage. Ideally situated less than a 10-minute walk to SUNY New Paltz Campus, minutes to the Village’s shops, restaurants, and amenities, approximately one minute to the Rail Trail, and an 8-minute walk to the Trailways bus station. A unique opportunity to own a character-filled 1890 brick Victorian multi-family property in one of the Hudson Valley’s most sought-after locations.
Listing Highlights
Interior Details
- Bedrooms: 9
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished,Walk-Out Access
- Other: First Floor Bedroom,First Floor Full Bath,Natural Woodwork
- Water: Public
Exterior Details
- Lot Description: Near Golf Course,Near Public Transit,Near School,Near Shops,No Waterfront
- Garage Capacity: 1 car
- Roof:
- Others: Courtyard
- Sewer: Public Sewer
- Parking Features: Driveway,Garage,Parking Lot
Financial Details
- Tax Amount: $8,592
- Taxes w/Assessments: N/A
- Tax/Property ID: 3801-086.034-0001-009.100-0000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
39 N Chestnut St New Paltz, NY 12561
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