Price cut
$499,000
3 bd · 3 ba ·
3 Pierces Rd, Newburgh, NY 12550
Multi-family · Built 1974 ·
$3,611/mo est. payment
About this home
Unique income-producing property offering exceptional flexibility for investors and owner-occupants alike! This approximately 2,300-square-foot property features a spacious second-floor apartment of approximately 1,300 square feet with a separate entrance, currently occupied by a month to month tenant, providing immediate rental income. The first level offers approximately 1,000 square feet currently utilized as professional office space with a welcoming reception area, waiting room, multiple private treatment/exam rooms, office, and 1.5 baths. The flexible first-floor layout offers excellent potential for conversion to additional residential living space, subject to municipal approvals. Additional features include approximately seven off-street parking spaces, a carport, storage shed, new furnace, and convenient access to major roadways, shopping, and local amenities. A rare opportunity for investors, owner-occupants, or buyers seeking a unique property with future flexibility. Buyer is responsible for verifying all permitted uses and obtaining any required municipal approvals.
Facts and features
Bedrooms
- Bedrooms: 3
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Interior Features
- Built-in features
Heating and Cooling
- Cooling Features: Wall/Window Unit(s)
- Heating Features: Natural Gas
Land Info
- Additional Parcels: No
Garage and Parking
- Carport Spaces: 1
- Parking Features: Off Street
School Information
- Elementary School: Newburgh
- Elementary School District: Newburgh
- High School: Newburgh Free Academy
- High School District: Newburgh
- Middle School: Newburgh
- School District: Newburgh
- Middle or Junior School District: Newburgh
Multi-Unit Info
- Number of Units: 2
- Number of 3 Bedroom Units: 1
- Bedrooms in Unit-1: 3
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 2
- Total Rooms in Unit-1: 6
- Unit-1 Description: 3 Bedroom
- Unit-2 Description: Loft
Schools
- 3
Newburgh Free Academy Main Campus
high · 9-12 · 0.4 mi
- 4
Gidney Avenue Memorial School
elementary · K-5 · 0.4 mi
Bishop Dunn Memorial
elementary · PK-8 · 1.0 mi
- 2
South Middle School
middle · 6-8 · 1.7 mi
Nora Cronin Presentation Academy
elementary · 4-8 · 1.1 mi
Sacred Heart School
elementary · PK-8 · 1.2 mi
Price history
- Aug 7, 2026 · Listed$499,000
- May 29, 2016 · Listing Removed$1,500
- May 11, 2016 · Listed For Rent$1,500
- Jun 5, 1989 · Sold$150,000
Tax history
- 2026$14,792 tax · $490,000 assessed
- 2025$14,665 tax · $490,000 assessed
- 2024$14,989 tax · $458,000 assessed
- 2023$13,607 tax · $267,600 assessed
- 2022$10,633 tax · $223,000 assessed
- 2021$10,217 tax · $202,800 assessed
- 2020$11,198 tax · $209,000 assessed
- 2017$10,939 tax · $190,000 assessed
Home value
$485,694
- Quantarium$485,694
- Collateral Analytics$494,000
Where it is
Listed by Michael Strutt · Berkshire Hathaway HomeServices Hudson Valley Properties · OneKeyMLS
