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161 W Parmenter Street

Newburgh, NY 12550

9 beds
3 baths
1,872 sqft
2,779 sqft lot
$221 per sqft
1924 build
– on site

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Fantastic investment opportunity or live rent-free in this spacious 3-family house located in the heart of Newburgh. Each unit offers comfort and functionality. The basement unit features 2 bedrooms, a cozy living room, a kitchen, and a full bath. The 1st-floor unit boasts 3 bedrooms, living room, kitchen, and a full bath. The 2nd-floor unit offers 4 bedrooms, a spacious living room, kitchen, and a full bath. Enjoy the convenience of a fenced-in backyard, perfect for outdoor gatherings or relaxation. This property is ideally situated close to transportation, shops, dining, and more, making it an attractive option for tenants and homeowners alike. The lower level unit (2 bed) is currently owner occupied, the first floor 3 bedroom ($1600) and second floor 4 bedroom ($1650) are month to month. Modest market rent of $1600, $1800 and $2000 respectively, the property would generate $65,000 rent roll/year. and an NOI of approx $50,000 - an 11.5% cap rate! Don miss out on this unique opportunity to invest in or reside in a versatile property.

Listing courtesy of ONEKEY / eXp Realty

Last checked: Checking… • Last updated Jan 30, 2025 •

MLS# H6309416 —

The Building

Year Built:

1924
Basement:

false
Construction Materials:

Brick
Patio And Porch Features:

Patio
# of Total Units:

3
Building Area Total:

1872
Building Area Source:

Public Records

Interior

Levels:

Two
Interior Features:

First Floor Bedroom
Flooring:

Hardwood

The Property

Fencing:

Fenced
Lot Size Area:

0.0638
Lot Size Acres:

0.0638
Parcel Number:

331100-038-000-0003-007.000-0000
Property Type:

Residential Income
Property Subtype:

Triplex
Lot Size SqFt:

2,779 Sqft
Property Attached:

false
Sprinkler System:

No
Additional Parcels:

No
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Source:

Municipality
Tax Annual Amount:

6420

Beds

Total Bedrooms:

9

Baths

Full Baths:

3
Total Baths:

3

Heating & Cooling

Heating:

Natural Gas, Radiant
Cooling:

None

Utilities

Sewer:

Public Sewer
Utilities:

Trash Collection Private
Water Source:

Public
Water Sewer Expense:

2200
# of Separate Gas Meters:

4
# of Separate Electric Meters:

3

Schools

High School:

Newburgh Free Academy
High School District:

Newburgh
Middle School:

MEADOW HILL GLOBAL EXPLORATIONS MAGNET SCHOOL

The Community

Association:

false
Seasonal:

No
Senior Community:

false
Additional Fees:

No

Parking

Parking Features:

On Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/15/25 Jan 15, 2025	Sold	ONEKEY	$415,000	-2.4%
11/16/24 Nov 16, 2024	Pending	ONEKEY	$425,000

Multifamily Sold on 1/15/2025

$415,000

Listing provided by broker:

Virginia Corbett

eXp Realty

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Listing Courtesy of: ONEKEY and eXp Realty.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

161 W Parmenter Street

Newburgh, NY 12550