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Investor's Dream! Fully occupied 3-family property situated on a beautiful 2.5-acre lot in the Wallkill School District. This income-producing property offers immediate cash flow with three occupied units and additional rental income potential from the detached garage. Set well back from the road, the property features a sprawling yard, ample green space, and an oversized driveway providing abundant parking for tenants and visitors. The combination of strong rental income, multiple revenue streams, and a picturesque setting makes this a rare opportunity for both seasoned and first-time investors. Conveniently located near major commuter routes, shopping, dining, and recreation while still offering the privacy and appeal of a country setting. Whether you're looking to expand your portfolio or secure a long-term hold with upside potential, this property is a must-see.

Highlights

  • Residential Income
  • Triplex
  • Built in 1940
  • 2.5 Acre Lot
  • 2 Car Garage
  • 65 days on Market

  • Bedrooms
    4
  • Bathrooms
    3
  • Year Built
    1940
  • Construction Materials
    Frame, Stone
  • Garage Spaces
    2.0
  • Parking Features
    Driveway
  • Interior Features
    Other
  • Cooling
    Ductless
  • Heating
    Electric, Other
  • Basement
    Finished

  • Acres
    2.5
  • Utilities
    Electricity Connected
  • Water
    Private, Well


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Frequently Asked Questions

How do I schedule a tour of 491 State Route 32?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 491 State Route 32.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 491 State Route 32?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $550,000. We can talk through recent upgrades, potential seller motivation, how this triplex compares to others in Wallkill, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 491 State Route 32?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 491 State Route 32 at around $3,716. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 491 State Route 32?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Orange County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 491 State Route 32?

In most cases, yes. Whether 491 State Route 32 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Wallkill's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 491 State Route 32?

We can handle that for you. Our preferred local agent specializes in residential incomes in Wallkill and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $550,000 with 2,761 sqft of space—that comes out to approximately $199 per square foot.

How long has this property been on the market?

491 State Route 32 was listed on September 07, 2026, which means it's been on the market for 65 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1940, making it approximately 86 years old.

What is the lot size of this property?

491 State Route 32 sits on a 2.5-acre lot, which is 108,900 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Leptondale Elementary School
  • Middle: John G Borden Middle School
  • High: Wallkill Senior High School

Want to see how these schools compare? Check out our Orange County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 491 State Route 32?

The most recent public record shows annual property taxes for 491 State Route 32 were approximately $7,032. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 491 State Route 32 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, OneKey MLS. All rights reserved.

Last Updated: November 11, 2026 at 06:17PM | Source: OneKey MLS | MLS#: 1048420