Rare opportunity to acquire a high-quality fully leased New Paltz college rental property in close proximity to the SUNY New Paltz campus. The building was purpose-built as a two-unit college rental in 1994, delivering some of the most desirable college rental housing in town. The building has consistently been fully leased throughout current ownership, with students from the SUNY sports teams consistently renewing their leases. Each unit has seven spacious bedrooms, two full bathrooms, in-unit laundry, two common areas, and plenty of on-site parking. Tenants pay all utilities and both units are leased through July 31, 2027. Current rents of 775 and 795 per bedroom are somewhat below market, promising future revenue growth. Full financials available upon request.
Active
$1,200,000
2-4 Slate Street, New Paltz, NY 12561
14beds
4baths
3,808sqft
Duplex
Built in 1994
-- sqft lot
$1,134,200 Zestimate®
$315/sqft
$-- HOA
What's special
Plenty of on-site parkingIn-unit laundry
- 19 hours
- 118
- 8
Zillow last checked:
Listing updated:
Listed by:
New Paltz Properties 845-417-8300,
Matthew Eyler 845-417-8300
Source: HVCRMLS,MLS#: 20265875
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 4
Interior area
- Total structure area: 3,808
- Total interior livable area: 3,808 sqft
- Finished area above ground: 3,808
- Finished area below ground: 0
Property
Lot
- Size: 0.3 Acres
Details
- Parcel number: 86.3456
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1994
Community & HOA
Location
- Region: New Paltz
Financial & listing details
- Price per square foot: $315/sqft
- Tax assessed value: $616,000
- Annual tax amount: $26,680
- Date on market: 10/3/2026
Estimated market value
$1,134,200
$1.02M - $1.26M
$3,645/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2026 | Listed for sale | $1,200,000+122.2%$315/sqft |
Source:  HVCRMLS #20265875 Report a problem | ||
| 2/8/2005 | Sold | $540,000$142/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $616,000 |
| 2024 | -- | $616,000 |
| 2023 | -- | $616,000 |
| 2022 | -- | $616,000 |
| 2021 | -- | $616,000 |
| 2020 | -- | $616,000 |
| 2019 | -- | $616,000 |
| 2018 | -- | $616,000 |
| 2017 | $19,192 | $616,000 |
| 2016 | -- | $616,000 |
| 2015 | -- | $616,000 |
| 2014 | -- | $616,000 |
| 2013 | -- | $616,000 |
| 2011 | -- | $616,000 -5% |
| 2010 | -- | $648,400 +20.1% |
| 2009 | -- | $540,000 |
| 2008 | -- | $540,000 |
| 2007 | -- | $540,000 +58.8% |
| 2006 | -- | $340,000 |
| 2005 | -- | $340,000 +13.3% |
| 2004 | -- | $300,000 -15.8% |
| 2003 | -- | $356,400 +34% |
| 2002 | -- | $266,000 +18.2% |
| 2001 | -- | $225,000 |
| 2000 | -- | $225,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 12561
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