BEDS8
BATHS4 full
MLS#1026800
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCornwall
Property Description
Income-producing multi-property asset offered at approximately an 8% cap rate with $75,900 NOI. This unique offering includes three separate residences on one 1.4 acre parcel, delivering multiple income streams and long-term upside potential. Ideal for investors seeking yield, value-add opportunity, or a hybrid owner-occupant strategy. Located across the street from Cornwall High School and near train service, shopping, and schools, the location supports steady rental demand.This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories.Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The large lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision.A rare opportunity to acquire a multi-structure investment property with immediate cash flow and future upside.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Baseboard, Oil, Propane
Lot Size: 1.40 Acres
Taxes: $16,777
Year Built: 1951
Amenities
First Floor Bedroom
Eat-in Kitchen
Feature Descriptions
Exterior: Other
On Market Date: 2026-07-16
Other Structures: Shed(s)
Parcel Number: 332489-005-000-0001-007.000-0000
Parking Features: Driveway
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Septic Tank
Units: 3
Utilities: Trash Collection Private
Water: Well
Local Schools
High School: Cornwall Central High School
Middle School: Cornwall Middle School
Elementary School: Cornwall Elementary School
School District: Cornwall
Estimate Your Payment
Estimated Payment
$ 6,206.12 per month $4,545.83 Principal & Interest $1,398.08 Property Tax $262.21 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: eXp Realty
Agency Phone: 888-276-0630
Shown By
Agent Name: Clarice Kennedy
Agent Phone: (516) 665-2000
Agency Title: Coldwell Banker American Homes
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9 Benedict Lane , Unit 5-7 | MLS# 1026800
This multi-family property located at 9 Benedict Lane , Unit 5-7, New Windsor, NY 12553 is currently listed for sale with an asking price of $899,000. Benedict Lane , Unit 5-7 is located within the Cornwall school district. Search New Windsor real estate on claricekennedy.cbamhomes.com today.