BEDS5
BATHS4 full
MLS#1038103
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMarlboro
Property Description
Great investment opportunity is knocking on your door! Location, location, location! This multi-family investment property is looking for new ownership. Located in the Town of Newburgh and within the Marlboro School District, this property offers excellent potential for investors.The property consists of three residential units, each with its own electric meter. The first floor features a spacious, walk-in 3-bedroom, 2-bathroom apartment with a laundry room.The second floor offers two 1-bedroom, 1-bathroom apartments, that share a common staircase and entrance on the right side of the building.There is also a full basement that could potentially be incorporated into the first-floor apartment to create a large living space for an owner-occupant. Alternatively, it could potentially be converted into a fourth unit, as it was previously used years ago, subject to updates and required code upgrades, including a sprinkler system and other improvements.The property's desirable location makes it attractive to renters, particularly those seeking access to the Marlboro School District.Don't miss this excellent investment opportunity in a sought-after location!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished, Walk-Out Access
Cooling: Wall/Window Unit(s)
Heating: Electric
Home Style: Modern
Lot Size: 0.67 Acres
Taxes: $8,175
Year Built: 1940
Amenities
First Floor Bedroom
First Floor Full Bath
Natural Woodwork
Feature Descriptions
Attic: Scuttle
Building Area Total: 3072
Cap Rate: 9
Days on Site: 12
Exterior: Brick, Frame, Stucco
Flooring: Hardwood
Fuel Expense: 0
Heating Zones: 3
Lot Features: Front Yard, Level, Near Public Transit, Near School, Near Shops
Maintenance Expense: 1200
Maintenance Expense: 1200
On Market Date: 2026-08-18
Parcel Number: 334600-009-000-0002-017.000-0000
Parking Features: Driveway, Parking Lot
Rental Term: Monthly
Separate Electric Meters: 4
Sewer: Septic Tank
Tenant Pays: Electricity, Heat
Units: 3
Utilities: Electricity Connected, Water Connected
Water: Public
Local Schools
High School: Marlboro Central High School
Middle School: Marlboro Middle School
Elementary School: Marlboro Elementary School
School District: Marlboro
Listed By / Shown By
Listing By
Agency Name: Preferred Properties Real Esta
Agency Phone: 845-783-4147
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 2,113.56 per month $1,266.35 Principal & Interest $681.25 Property Tax $165.96 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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12 Russo Drive | MLS# 1038103
This multi-family property located at 12 Russo Drive , Newburgh, NY 12550 is currently listed for sale with an asking price of $569,000. Russo Drive is located within the Marlboro school district. Search Newburgh real estate on www.coldwellbankerchoice.com today.