$465,000
PENDING

85 City Terrace Newburgh, NY 12550

Estimated payment $3,110/month

Total Views 283,509
6 Beds
3 Baths
2,522 Sq Ft
$184 Price per Sq Ft

Highlights

  • High Ceiling
  • Vinyl Flooring
  • 4-minute walk to Downing Park
  • Porch
  • Back Yard

About This Home

Discover this beautifully maintained brick 3 family home, offering both comfort and income potential. Three separate units, each thoughtfully designed for homeowners and investors alike.Recently renovated kitchen and bathrooms with contemporary finishes. New elegant and durable flooring throughout, adding warmth and character. Some new plumbing and water heating systems. As per owner roof is 2 years old. With a strong rental income opportunity, this home is perfect for an investor seeking cash flow or a homeowner looking to offset mortgage costs with rental income.

Listing Agent

Jodi Gillespie

Gillespie Real Estate LLC Brokerage Phone: 845-565-7073 License #10491211515 Listed on: 03/10/2025

Co-Listing Agent

Milagros Sepulveda Rodriguez

Gillespie Real Estate LLC Brokerage Phone: 845-565-7073 License #10401377803

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,844

Year Built

  • Built in 1890

Lot Details

  • 2,500 Sq Ft Lot
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Block Exterior

Interior Spaces

  • High Ceiling
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Schools

  • Newburgh Elementary And Middle School
  • Newburgh Free Academy High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 331100-022-000-0002-022.000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,844

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Triplex
  • Property Condition: Updated/Remodeled
  • Year Built: 1890
  • Attribution Contact: 845-565-7073
  • Co List Office Mls Id: KEYGLSP01
  • Co List Office Phone: 845-565-7073
  • Carport Y N: No
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: High Ceilings
  • Flooring: Vinyl
  • Full Bathrooms: 3
  • Basement: Full, Unfinished, Walk-Out Access
  • Total Bedrooms: 6
  • Fireplace: No
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Block, Brick
  • Pool Private: No
  • Spa: No
  • Patio and Porch Features: Porch
  • Waterfront: No
  • Foundation Details: Other, Stone

Garage/Parking

  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: None
  • Heating: Natural Gas, See Remarks
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1976
  • Annual Water Sewer Expense: 612

Schools

  • Middle School: Newburgh

Lot Info

  • Lot Size Acres: 0.0574
  • Lot Size Sq Ft: 2500
  • Building Area Total: 2522
  • Lot Features: Back Yard
  • Parcel Number: 331100-022-000-0002-022.000-0000
  • Property Attached: Yes
  • Additional Parcels: No

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Fuel Expense: 2280
  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 1
  • Insurance Expense: 2765

Tax Info

  • Tax Annual Amount: 7843.98
  • Tax Year: 2024

MLS Schools

  • Elementary School: Newburgh
  • High School: Newburgh Free Academy

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,569 $251,900 $23,200 $228,700
2023 $7,569 $229,000 $23,200 $205,800
2022 $8,794 $205,800 $11,200 $194,600
2021 $8,000 $171,500 $10,200 $161,300
2020 $6,962 $145,300 $10,200 $135,100
2019 $2,750 $118,700 $10,200 $108,500
2018 $2,750 $107,900 $10,900 $97,000
2017 $4,879 $96,200 $10,900 $85,300
2016 $4,945 $95,600 $10,900 $84,700
2015 -- $103,900 $10,900 $93,000
2014 -- $103,900 $10,900 $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $465,000 +257.7% $184 / Sq Ft
04/27/2018 04/27/18 Sold $130,000 -29.7% $52 / Sq Ft
02/25/2017 02/25/17 Pending -- -- --
02/25/2017 02/25/17 For Sale $185,000 -- $73 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,967 Stand Alone Refi Refinance Of Original Loan
Previous Owner $97,500 Purchase Money Mortgage
Previous Owner $184,315 FHA
Source: Public Records

About the Listing Agent

Jodi Gillespie

Gillespie Real Estate LLC

(845) 447-9340

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Commercial and Residential Real Estate for 20 years.
Sales & Leases

Your Premier Real Estate Expertise in the Hudson Valley and Beyond!

Searching for the perfect property in the picturesque Hudson Valley or throughout New York? Look no further! With over two decades of unrivaled experience in both commercial and residential sales and leases, I am your trusted guide to finding your dream

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Source: OneKey® MLS

MLS Number: 830475

OneKey® MLS

APN: 331100-022-000-0002-022.000-0000