Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
5,000 SF
Price / SF
$350
NOI
$212,000
Year built
1900
Stories
3
The offering
Rare Investment Opportunity: Fully Occupied 12-Unit Brick Building in Middletown, NY. Massive Income – Fully Updated – Separate Utilities – Low Inventory Market. Don’t miss this exceptionally rare turnkey investment in the high-demand Middletown market. Brick buildings of this scale and caliber rarely hit the market. This massive 12-unit mixed-use property is fully occupied, generating immediate, stable income from day one. Features 10 residential units and 2 prime commercial storefronts.Tenant-Paid Utilities: Tenants pay their own electric and gas. : Features a brand-new, building-wide structural back porch and extensive capital improvements throughout the exterior and common areas. A lot of Renovated Units: Most units are updated, making them highly attractive to tenants and supporting premium rental rates.100% Occupied:, reliable cash flow for the savvy investor. Location & Market Advantage Situated in a bustling, high-traffic area of Middletown, NY, this property benefits from excellent visibility for the commercial spaces and peak convenience for residential tenants. Big parking in the back. With inventory at an all-time low for multi-family and mixed-use assets in Orange County, this building represents a premier addition to the portfolio with strong appreciation potential. Schedule your private showing today before this rare gem is gone!
Building & site
Interest conveyedFee simple
Gross building area5,000 SF
Building typeMulti Family
Property typeMulti Family
Year built1900
Stories3
WaterPublic
SewerPublic Sewer
HeatElectric
Tax parcel33090035-5-7.2
Income & tenancy
Gross income (as reported)
$212,000
Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Location, access & trade area
Trade area
Measure
Middletown
Orange County
Population
30,289
411,767
Daytime population
27,638
392,941
Population density
6,041 / sq mi
507 / sq mi
Households
9,970
141,127
Median household income
$79,346
$95,298
Mean travel time to work
36 min
35 min
Median home value
$308,600
$426,900
Median gross rent
$1,661
$1,753
Unemployment (May 2026)
4.0%
Not stated
School districts
Middletown, Minisink Valley
ZIP codes
10940
Municipal and county figures from the US Census American Community Survey (2024 5-year) and the Bureau of Labor Statistics. These are jurisdiction totals, not radius rings; ask a broker for a drive-time or radius study on a specific site.
Taxes & assessment
2026 taxes
$24,000
Assessed value
$85,100
Land assessment
$11,400
Full market value
$905,300
Owner of record
Middletown Housing LLC
School district
Middletown
Property class
481 · External apt
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.