*Exceptional Investment Opportunity!*
Discover a rare gem in the heart of Newburgh! This charming 4-unit brick building offers a unique blend of strong returns, low maintenance, and growth potential. With a 10.5%+ cap rate, recent renovations (2019), and a prime location near the Hudson River waterfront, this property is poised for long-term success.
*Key Highlights:*
- *Strong Cap Rate*: 10.5%+ potential for high returns on investment
- *Renovated Property*: Modern amenities and reduced maintenance costs
- *Prime Location*: Scenic views and growth potential in Newburgh's heart
- *Income Potential*: 4-unit building with stable rental income potential
*Schedule a showing today* and seize this fantastic investment opportunity! BTW, utilities for top 2 floors are paid by the owner. Don't miss out!
For sale
$589,000
163 Chambers Street, Newburgh, NY 12550
9beds
2,880sqft
Quadruplex, Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$205/sqft
$-- HOA
What's special
Brick buildingModern amenities
- 19 days
- on Zillow |
- 254 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 12:25am
Listing by:
Joseph Polatseck 646-526-2751,
Joseph Polatseck 646-526-2751
Source: OneKey® MLS,MLS#: 893445

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Other
Cooling
- Wall/Window Unit(s)
Features
- Other
- Has fireplace: No
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
Property
Features
- Fencing: Back Yard
Lot
- Size: 2,500 Square Feet
Details
- Parcel number: 3311000180000004007.0000000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Slab
Condition
- Updated/Remodeled
- Year built: 1890
Utilities & green energy
- Gas: Separate Gas Meters: 3
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Community & HOA
Location
- Region: Newburgh
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $272,800
- Annual tax amount: $8,938
- Date on market: 7/24/2025
- Listing agreement: Exclusive Right To Sell
- Tenant pays: Electricity, Gas, Heat, See Remarks
- Electric utility on property: Yes
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