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For SaleMulti FamilyMLS KEY1048805

433 MAIN STREET

Highlands, NY · Orange County
Listed by
IBNA Real Estate Group
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.
Going-in cap
5.00%
NOI
$125,400
Year built
1960

The offering

INVESTMENT OPPORTUNITY WITH INCOME POTENTIAL! Unique mixed-use property offering an impressive combination of 6 apartments, a restaurant space, 5 single rooms for rent on top floor of main building. and a separate 3-bedroom, 2-bath home with basement, front porch, deck and garage. This property provides multiple income streams and an opportunity for an investor to maximize its potential. Many of the units have the feel and character of individual homes, creating a unique residential setup that is difficult to find.

The separate rear home offers 3 bedrooms, 2 full baths, a basement, and garage, providing additional flexibility for an owner-occupant, rental income, or extended living arrangements. Great for compound idea as well. The property does require TLC, offering the next owner an opportunity to improve, reposition, and increase its value and income. Current rents are below market, creating substantial upside for a buyer willing to invest in improvements and management.

Whether you’re an experienced investor looking to expand your portfolio or an owner looking for a property with multiple revenue opportunities, this is a rare chance to acquire a property with existing income and room to grow. Bring your vision and unlock the potential of this unique investment! All buildings built in the 1960's but main house built in 2002. Total units: 1 Main house with garage 3 bedrooms/2 baths/ basement. 4(two bedrooms) 2 (One Bedrooms) 1 Restaurant, 5 single rooms. 13 UNITS TOTAL

Building & site

Interest conveyedFee simple
Building typeMulti Family
Property typeMulti Family
Year built1960
WaterPublic
SewerPublic Sewer
HeatBaseboard, Electric, Natural Gas
Tax parcel333601103-16-11.1
Number of buildings5
Parking spaces7
Electric utilityOrange & Rockland
Distance to train13 mi

Income & tenancy

Gross income (as reported)
$125,400
Going-in cap
5.00%

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.

Taxes & assessment

2025 taxes$17,603
Assessed value$394,900
Land assessment$62,800
Full market value$602,000
Owner of recordTin Fung Inc
School districtHighland Falls
Property class482 · External apt

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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