145 Renwick Street,Newburgh, NY 12550
Newburgh, NY 12550
Description
A Rare Opportunity to Restore, Renovate & Maximize! This legal 3-family, freestanding property is nestled in the historic town of Newburgh and presents an exceptional opportunity for an investor, contractor, or owner-user looking to unlock its full potential. Offered as a true blank canvas, this architectural gem is ready to be transformed and repositioned to capitalize on strong free-market rents. The property features two spacious 2-bedroom apartments and one 1-bedroom apartment, offering an excellent foundation for a lucrative multi-family investment. The basement also provides additional potential to finish and create valuable living or recreational space, subject to approvals. The property is equipped with three separate gas meters and three separate electric meters, providing added convenience and flexibility for future ownership. With thoughtful renovation and modernization, there is tremendous potential to significantly enhance both the property’s appeal and income-producing capabilities. The Seller has approved plans prepared by a local architect, currently awaiting approval from the appropriate Architectural Review Committee. Ideally situated just minutes from Newburgh’s thriving hub of restaurants, shops, historic George Washington’s Headquarters, and the vibrant Newburgh Waterfront, with convenient access to Metro-North trains, buses, and major parkways. A terrific opportunity for a contractor or savvy investor to restore this distinctive property, maximize its rental potential, and create substantial long-term value.
Details
| MLS # | 1038699 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 26 |
| Listing Provided By | Double C Realty | Kieran Dwyer |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,620 |
| Basement | Y |
| Units | 3 |
| Acreage | 0.06 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Hot Water, Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath |
| Window Features | Aluminum Frames |
Exterior
| Construction Materials | Brick, Stone |
|---|---|
| Foundation Details | Brick/Mortar, Stone |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 376500 |
| Tax Annual Amount | 11366.01 |
Area Information
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 12550) | |
Price: $299,000 low | high Med: $399,000 sqft: 2,620 low | high Med: 1,947 $ / sqft: $114 low | high Med: $205 On site: 26 low | high Med: 117.5 | |
Market Activity 12550
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Learn More About This Property
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 12550) | |
Price: $299,000 low | high Med: $399,000 sqft: 2,620 low | high Med: 1,947 $ / sqft: $114 low | high Med: $205 On site: 26 low | high Med: 117.5 | |
