Lois Hanson
Licensed Associate Real Estate Broker
REALTOR®, E-Pro, SRES, CBR
BEDS9
BATHS4 full
MLS#1000543
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLNew Paltz
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished, Walk-Out Access
Cooling: None
Garage: 1
Heating: Forced Air
Home Style: Victorian
Lot Size: 0.15 Acres
Taxes: $8,592
Year Built: 1890
Amenities
First Floor Bedroom
First Floor Full Bath
Natural Woodwork
Courtyard
Feature Descriptions
Building Area Total: 3273
Days on Site: 1
Exterior: Brick
GarageY/N: Yes
Heating Units: 1
Lot Features: Near Golf Course, Near Public Transit, Near School, Near Shops
On Market Date: 2026-05-20
Parcel Number: 3801-086.034-0001-009.100-0000
Parking Features: Driveway, Garage, Parking Lot
Rental Term: Monthly
Separate Electric Meters: 4
Sewer: Public Sewer
Units: 3
Utilities: Electricity Connected
Water: Public
Local Schools
High School: New Paltz Senior High School
Middle School: New Paltz Middle School
Elementary School: Duzine
School District: New Paltz
Listed By / Shown By
Listing By
Agency Name: eXp Realty
Agency Phone: 888-276-0630
Shown By
Agent Name: Lois Hanson
Agent Phone: Cell: (516) 313-8984
Agency Title: Howard Hanna | Coach Realtors
Estimate Your Payment
Estimated Payment
$ 6,219.49 per month $5,153.49 Principal & Interest $716.00 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
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39 N Chestnut Street | MLS# 1000543
This multi-family property located at 39 N Chestnut Street, New Paltz, NY 12561 is currently listed for sale with an asking price of $1,199,999. N Chestnut Street is located within the New Paltz school district. Search New Paltz real estate on lhanson.coachrealtors.com today.