MLS#1035564
STATUSPending
PROPERTY TYPECommercial -
SCHOOLNewburgh
Property Description
Discover a fantastic investment opportunity in the vibrant city of Newburgh with this charming 3-unit property that promises both comfort and profitability. All units are currently rented, generating income at an impressive 11% cap rate, making it an ideal choice for investors and homeowners alike. The first floor features a well-appointed 2-bedroom, 1-bath apartment with a cozy atmosphere and spacious living areas appreciated by current tenants. The first floor also features a beauty shop. The second-floor unit is a spacious 3-bedroom, 1-bath apartment with access to a beautifully finished attic, offering versatility for use as a home office, playroom, or storage. With its prime location in Newburgh, known for cultural richness and growth potential, this property offers convenient access to local amenities and a thriving neighborhood with a strong sense of community. Whether you're looking to expand your investment portfolio or seeking a home that pays for itself, this 3-unit property in Newburgh offers the best of both worlds. Don't miss this chance to invest in a promising property in a dynamic city.
Property Features
Property Type: Commercial -
Basement: Unfinished
Basement: Yes
Cooling: Central Air
Heating: Baseboard
Lot Size: 0.07 Acres
Stories: 2.0
Taxes: $4,685
Year Built: 1968
Feature Descriptions
Building Area Total: 2060
Business Type: Barber/Beauty
Exterior: Frame
Lot Features: Cleared
On Market Date: 2026-08-12
Parcel Number: 331100-026-000-0001-054.000-0000
Parking Features: On Street
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Sewer: Public Sewer
Units: 3
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Newburgh Free Academy
Middle School: MEADOW HILL GLOBAL EXPLORATIONS MAGNET SCHOOL
Elementary School: Meadow Hill Global Explorations Magn
School District: Newburgh
Listed By / Shown By
Listing By
Agency Name: Avion
Agency Phone: 845-388-1216
Shown By
Agent Name: Grace Blank
Agent Phone: (516) 967-6275
Agency Title: Coldwell Banker American Homes
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72 Wisner Avenue | MLS# 1035564
This commercial property located at 72 Wisner Avenue, Newburgh, NY 12550 is currently listed for sale with an asking price of $339,000. Wisner Avenue is located within the Newburgh school district. Search Newburgh real estate on graceblank.cbamhomes.com today.