Investor Alert: Instant Equity & Endless Potential! Back on the market and priced below appraised value for a quick sale—this rare income-producing estate offers two houses and three total units on nearly 2 scenic acres. Once home to actor Robert Heitman, the property blends rich history, vintage charm, and incredible investment opportunity. The front house features two sun-drenched units, perfect for immediate or future rental income. The second home is a spacious 5-bedroom with wide wood plank floors, original character, and a cozy fireplace—ready for your creative vision. Whether you’re an investor seeking strong upside or a developer with plans for a unique compound, this property delivers: Instant equity (appraised over asking!), multiple income streams, and flexible layout options for long- or short-term rentals. Masonic Creek flows peacefully behind the property, with remnants of the original gristmill still visible—adding to the tranquil and historic setting. The expansive outdoor space is ideal for future amenities like gardens, patios, or even a greenhouse. While the property needs repairs and updates, the value is already there—perfect for investors or those with vision. No flood insurance required!
Pending
Price cut: $26K (5/24)
$599,000
22 Mud Mills Road, Middletown, NY 10940
8beds
4,698sqft
Triplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$128/sqft
$-- HOA
What's special
Scenic acresCozy fireplaceAbundant natural lightDelightful vintage detailsBright and spacious unitsExpansive outdoor spaceWide wood plank floors
- 274 days
- on Zillow |
- 160 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: June 29, 2025 at 12:01am
Listing by:
HVG Realty, Inc. 845-270-3242,
Michelle Getty 845-270-3242
Source: OneKey® MLS,MLS#: H6334855

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Oil, Heat Pump, Radiant, See Remarks
Cooling
- Ductless, Wall/Window Unit(s)
Interior area
- Total structure area: 4,698
- Total interior livable area: 4,698 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Driveway
- Has uncovered spaces: Yes
Lot
- Size: 1.9 Acres
Details
- Parcel number: 3352000400000001017.1000000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Trash Collection Private
Community & HOA
HOA
- Has HOA: No
Location
- Region: Middletown
Financial & listing details
- Price per square foot: $128/sqft
- Tax assessed value: $58,000
- Annual tax amount: $9,160
- Date on market: 10/31/2024
- Listing agreement: Exclusive Right To Sell
- Loading