72-1/2 Henry AVE Newburgh, NY 12550
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 986632
Style Colonial
Bedrooms 3
Full Baths 2
Rental Info No
Year Built 1890
Annual Tax Amount $7,482
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Duplex
Source onekey2
Property Description
For an owner-occupant, this is the ultimate house-hack opportunity: live comfortably in the vacant unit while collecting rent from the occupied apartment and rented garage space. In many cases, the incoming rent can offset a substantial portion of your monthly mortgage, helping lower your housing expense while you build equity and long-term wealth. Instead of paying to live somewhere else, let your property work for you.
For investors, the appeal is immediate cash flow with room to grow. With one occupied unit, one vacant unit ready for lease, and separate garage/storage income, the property offers three potential income channels. The double lot may also create future development potential, expansion possibilities, or added land value, subject to municipal approvals and zoning review.
An exciting added benefit is the possibility of exploring RUPCO's ADU (Accessory Dwelling Unit) grant programs or similar housing initiatives. Because the property sits on a double lot, eligible buyers may wish to investigate whether adding an accessory unit, cottage, or additional housing structure could be possible. Programs like these can help create more housing while increasing long-term property value, subject to qualifications, approvals, and local regulations.
Located near Newburgh's waterfront dining scene, parks, shopping, major commuter routes, and ferry access to Metro-North Railroad via Beacon, this property combines location, flexibility, and income potential in one smart purchase. Whether you're looking to reduce your living costs, build your portfolio, or unlock future development possibilities, 72-1/2 Henry Avenue is a rare find, book your tour today!
Location
State NY
County Orange County
Rooms
Basement Full, Unfinished
Interior
Interior Features Other
Heating Baseboard, ENERGY STAR Qualified Equipment, Other
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Off Street, Parking Lot
Garage Spaces 2.0
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Garage true
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS