All Types
House+2 more
Price
Bed/Bath
Size
Dates
Filters
Amenities
Save
Share

Listings

No results

Sort

MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Susan Camus | Imagine Properties are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 01/09/2023

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Susan Camus | Imagine Properties

View All Photos

$669,966

Active

53 Carpenter Avenue

Newburgh, NY 12550

0.06

Acres

Days on Market

KEY1049784

MLS#

Mixed Use

Structure

Commercial

Zone

Contact

Excellent investment opportunity at 53 Carpenter Avenue in the City of Newburgh! Offered at $669,996, this early 1900s six-family property offers approximately 4,276 square feet and consists of five one-bedroom apartments and one studio apartment. The property has been consistently maintained and enjoys steady occupancy with established, long-term tenants. All six units currently have leases in place, and tenants pay their own utilities, helping to keep owner expenses manageable. Several apartments have been renovated within the past 18 months, the electrical system has recently been updated, and additional mechanical updates have been completed over time. Current gross rental income is approximately $6,200 per month/$74,400 annually. Owner’s recurring annual operating expenses are approximately $20,600, resulting in estimated Net Operating Income of approximately $53,800 and an approximate 8% cap rate at the current asking price. Income and expense information is provided by the seller and should be independently verified by the buyer. A major bonus is the large rear parking lot providing ample off-street parking for residents—an especially valuable feature for a six-unit property in the City of Newburgh. With six established units, leases in place, separate tenant-paid utilities, recent improvements, strong occupancy history and substantial private parking, this is an attractive opportunity for an investor seeking an established income-producing multifamily property. Conveniently located near shopping, dining, transportation, major commuter routes and the Newburgh waterfront.

Property Details

Heating: Natural Gas
Stories: 3
Acres: 0.057
Lot Size (sqft): 2500.0
Parking Features: On Street, Parking Lot
Property Type: Purchase
Basement: 1
Basement Description: Unfinished
Basement Finished: 1
Year Built: 1910
Sewer Information: Public Sewer
Utility Source: Public
Utility Features: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
School District: Newburgh
High School: Newburgh Free Academy
County: Orange County
Region: Newburgh (City)
Zoning: RM
Original List Price: $669,966
Days on Market (Cumulative): 2
Taxes Annual: $15,094
MLS #: 1049784
Property Subtype: Multi Family
Parcel Number: 331100-029-000-0002-007.000-0000
MLS #: 1049784
Date Listed: September 11, 2026
Address: 53 Carpenter Avenue

Location

Legal

Provided By
Listed by Penny B Alper (#KEY39715)
Listing Office: Your Move Matters LLC (#KEYYMML01)

Susan Camus | Imagine Properties Have a question about this home?

$669,966

53 Carpenter Avenue

Newburgh, NY 12550

Property Details

Location

Legal

Interested in Purchasing 53 Carpenter Avenue?

$669,966

53 Carpenter Avenue

Newburgh, NY 12550

Property Details

Location

Legal

Interested in Purchasing 53 Carpenter Avenue?