11-13 Olev LN New Paltz, NY 12561
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,181 sqft
Price per Sqft $310
MLS Listing ID 20263971
Style Other
Bedrooms 11
Year Built 1930
Annual Tax Amount $15,585
Tax Year 15585
Lot Size 53.500 Acres
Acres 53.5
Property Sub-Type Multi Family
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
The main residence features a distinctive stone exterior, covered porch, multiple apartments, and generous living space across several levels. The second residential building contains additional apartments positioned above the garage. One garage bay is currently included with an existing apartment lease, while the remaining bays may provide future rental or storage income. Both roofs have been replaced recently.
The apartments are occupied under a combination of term leases and a month-to-month tenancy. Tenants pay their own electric and heating expenses. Each residential building is served by its own designated septic system, and the property is served by private water.
The substantial acreage includes both open and wooded land, providing flexibility for a range of potential long-term uses. Solar companies have previously approached the seller regarding leasing a portion of the property. The seller chose not to enter into an agreement before listing, allowing the next owner to evaluate the opportunity independently. Letters of interest and company information may be made available upon request.
The property may also offer potential for additional residential buildings, accessory structures, subdivision, or alternative land uses. Any future use or development would be subject to independent buyer due diligence and all applicable zoning, planning, environmental, access, utility, and municipal approvals.
Conveniently located near SUNY New Paltz, the Village of New Paltz, major state routes, and the New York State Thruway, this property combines established rental income, significant acreage, recent capital improvements, and multiple avenues for future value creation. All rents, expenses, leases, acreage, property characteristics, and potential uses should be independently verified by the purchaser.
Location
State NY
County Ulster
Area New Paltz
Zoning A1 5 - Agricult
Interior
Interior Features High Speed Internet, Professional Suite
Heating Electric, Oil
Cooling Window Unit(s)
Exterior
Exterior Feature Garden
Roof Type Asphalt
Porch Front Porch, Rear Porch
Building
Lot Description Agricultural
Sewer Septic Tank
Water Well
Architectural Style Other
Level or Stories Bi-Level, Tri-Level
Schools
High Schools New Paltz Central
School District New Paltz Central
Others
Tax ID 86.16-1-3
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