290 1st Street, Newburgh, NY, 12550
5 beds
3 Full baths
1900
Foursquare
New to the Market – Prime Investment Opportunity in the City of Newburgh Discover the potential of this unique multi-parcel property offering a rare combination of income, space, and future development opportunity. Situated on a double lot with additional building potential, this duplex presents an exceptional opportunity for investors or buyers with vision. The property features a two-unit dwelling. The first-floor unit offers a comfortable 1-bedroom, 1-bath layout with an enclosed back porch, perfect for added living space or storage. The upper unit includes 2–3 bedrooms and 2 full bathrooms, providing flexible living arrangements. The property was recently fully occupied and offers strong income potential. While the duplex does require some updating, it provides a solid foundation for value-add improvements. Recent updates include two new heating systems, a new water line, and conversion to natural gas. Outside, the oversized lot provides abundant parking and a large backyard area. As an added bonus, the sale includes an additional building lot on a separate deed—opening the door for future development or expansion. The property presents a fantastic opportunity for investors looking to maximize value and potential in a growing area.
Status:
Active
Type:
Single-family residential
Units:
2
Heating:
Natural Gas
Cooling:
None
Parking:
Driveway, Oversized, Private
Acreage:
0.15
Est. Taxes:
$6,573
Assessment
$255,200
Construction
Frame
Utilities
Electricity Connected, Trash Collection Public
Lot Description:
Level, Near School, Subdivided
Elementary School:
Newburgh
Middle School:
Newburgh
High School:
Newburgh Free Academy
School District:
Newburgh
Days on Market:
1
MLS #:
876681
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Picture It Sold, LLC 845-283-5494