BEDS5
BATHS3 full
MLS#876681
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLNewburgh
Property Description
New to the Market - Prime Investment Opportunity in the City of NewburghDiscover the potential of this unique multi-parcel property offering a rare combination of income, space, and future development opportunity. Situated on a double lot with additional building potential, this duplex presents an exceptional opportunity for investors or buyers with vision.The property features a two-unit dwelling. The first-floor unit offers a comfortable 1-bedroom, 1-bath layout with an enclosed back porch, perfect for added living space or storage. The upper unit includes 2-3 bedrooms and 2 full bathrooms, providing flexible living arrangements.The property was recently fully occupied and offers strong income potential. While the duplex does require some updating, it provides a solid foundation for value-add improvements. Recent updates include two new heating systems, a new water line, and conversion to natural gas.Outside, the oversized lot provides abundant parking and a large backyard area. As an added bonus, the sale includes an additional building lot on a separate deed-opening the door for future development or expansion.The property presents a fantastic opportunity for investors looking to maximize value and potential in a growing area.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Natural Gas
Home Style: Foursquare
Lot Size: 0.15 Acres
Taxes: $6,573
Year Built: 1900
Amenities
Washer/Dryer Hookup
Feature Descriptions
Building Area Total: 2340
Days on Site: 3
Exterior: Frame
Heating Units: 2
Heating Zones: 2
Lot Features: Level, Near School, Subdivided
On Market Date: 2026-04-05
Parcel Number: 331100-022-000-0006-029.000-0000
Parking Features: Driveway, Oversized, Private
Rental Term: Monthly
Separate Electric Meters: 2
Separate Gas Meters: 2
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Trash Collection Public
Water: Public
Local Schools
High School: Newburgh Free Academy
Middle School: Newburgh
Elementary School: Newburgh
School District: Newburgh
Listed By / Shown By
Listing By
Agency Name: Picture It Sold, LLC
Agency Phone: 845-283-5494
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 2,055.57 per month $1,333.11 Principal & Interest $547.75 Property Tax $174.71 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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290 1st Street | MLS# 876681
This multi-family property located at 290 1st Street , Newburgh, NY 12550 is currently listed for sale with an asking price of $599,000. 1st Street is located within the Newburgh school district. Search Newburgh real estate on www.coldwellbankerchoice.com today.