$650,000
3 Bed • 3 Bath • 2,603 Sq. Ft.3 bd · 3 ba · 2,603 sqft
38 Chapel Court
Pine Bush, NY 12566
Listed with eXp Realty
$899,000
Est. $6,026/moNew Windsor, NY 12553 · Orange County
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Income-producing multi-property asset offered at approximately an 8% cap rate with $75,900 NOI. This unique offering includes three separate residences on one 1.4 acre parcel, delivering multiple income streams and long-term upside potential. Ideal for investors seeking yield, value-add opportunity, or a hybrid owner-occupant strategy. Located across the street from Cornwall High School and near train service, shopping, and schools, the location supports steady rental demand. This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories. Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The large lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision. A rare opportunity to acquire a multi-structure investment property with immediate cash flow and future upside.
As reported by the listing office; verify enrollment with the district.
Listed with eXp Realty · Virginia Corbett · Source: OneKey MLS
Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Nov 2, 2026, 2:08 PM ET. ©2026 One Key MLS.
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Market insights
Current listings
New in the last 30 days
29
Nov 2026
Average price
Active listings
$600,994
Nov 2026
Average days on market
Active listings
130 days
Nov 2026
Computed from 151 active OneKey MLS listings in New Windsor, NY.
$650,000
3 Bed • 3 Bath • 2,603 Sq. Ft.3 bd · 3 ba · 2,603 sqft
38 Chapel Court
Pine Bush, NY 12566
Listed with eXp Realty
$990,000
1.1 Acres1.1 ac
2565 Us Highway 9W
Cornwall, NY 12518
Listed with Keller Williams Realty
$900,000
5 Bed • 3.5 Bath • 3,103 Sq. Ft.5 bd · 3.5 ba · 3,103 sqft
7 Fort Worth Place #101
Blooming Grove, NY 10950
Listed with Mount Realty