20 Spring Street , Wappingers Falls, NY 12590

New - 2 Hours Ago

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Property Description

Excellent Three-Family Investment Opportunity in the Village of Wappingers FallsWell-maintained excellent opportunity for investors or owner-occupants looking to build equity while generating rental income. The property features three separate apartments, including two spacious two-bedroom units and one one-bedroom unit, providing a desirable mix of rental options.Each apartment benefits from separate gas and electric utilities, helping keep operating expenses manageable and making the property particularly attractive from an investment standpoint. The property also offers ample off-street parking in the rear, an important amenity for tenants and a valuable feature in a village setting.The building has seen many recent improvements, providing a solid foundation for a new owner while offering the opportunity to continue enhancing the property over time. With three income-producing units, separate utilities, and convenient parking, this property offers the fundamentals that investors look for in a multi-family investment.For the owner-occupant, this property presents an especially attractive opportunity: live in one apartment while the rental income from the other two units helps offset your mortgage and ownership expenses. It can be an ideal way to get started in multi-family ownership while having the potential to build long-term equity.Conveniently located just minutes from major commuting routes, shopping, restaurants, local amenities, and Metro-North transportation, making it appealing to tenants who commute throughout the Hudson Valley and beyond. The Village of Wappingers Falls offers a convenient location with easy access to surrounding communities and employment centers.Whether you're an experienced investor looking to add another income-producing property to your portfolio or a first-time buyer seeking an owner-occupied investment, this versatile three-family property is worth a closer look.Three units Two 2-bedroom apartments One 1-bedroom apartment Separate gas & electric Ample rear parking Numerous recent improvements Convenient commuter location Excellent investment or owner-occupant opportunity

20 Spring Street | MLS# 1046507

This multi-family property located at 20 Spring Street , Wappingers Falls, NY 12590 is currently listed for sale with an asking price of $675,000. Spring Street is located within the Wappingers school district. Search Wappingers Falls real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: None
Heating: Baseboard, Natural Gas
Lot Size: 0.19 Acres
Taxes: $14,550
Year Built: 1850

Amenities

First Floor Bedroom
First Floor Full Bath
Storage

Feature Descriptions

Attic: Stairs, Storage
Exterior: Vinyl Siding
On Market Date: 2026-09-09
Parcel Number: 135601-6158-14-378322-0000
Parking Features: Off Street, Shared Driveway
Parking Total: 6
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Tenant Pays: Electricity, Gas
Units: 3
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Private, Water Connected
Water: Public

Local Schools

High School: Roy C Ketcham Senior High Sch
Middle School: Wappingers Junior High School
Elementary School: James S Evans Elementary School
School District: Wappingers

Estimate Your Payment

Estimated Payment

$ 2,911.63 per month $1,502.26 Principal & Interest $1,212.50 Property Tax $196.88 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Century 21 Alliance Rlty Group
Agency Contact: 845-297-4700

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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