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375 Blumel Rd 4 Unit Apartment Building $1,590,000 ($397,500/Unit) Scotchtown, NY 10941



Investment Highlights
- Fresh Rennovation
- Fifth apartment approved and under construction
Executive Summary
Located at 375 Blumel Road in Scotchtown, New York, this exceptional historic multi-family investment property offers a rare opportunity to own a fully restored income-producing asset in the heart of Orange County in New York's Hudson Valley. Originally constructed in 1787 and completely renovated in 2024, the property combines historic architecture with modern upgrades and strong income potential. The building spans approximately 5,600 square feet and features four renovated residential units, each thoughtfully designed with updated kitchens, modern bathrooms, and high-quality finishes while preserving the character of the original structure. Situated on 1.66 acres, the property provides a unique setting with generous parking, open space, and attractive curb appeal while remaining conveniently located near Route 17, Interstate 84, Middletown, and major commuter routes throughout Orange County and the Hudson Valley. In addition to the residential apartments, the property includes five rentable garage units, creating an additional income stream and increasing the overall versatility of the asset. These conditioned garage spaces can be used for storage, hobby space, workshops, or small business uses, making them highly attractive to tenants seeking flexible workspace or vehicle storage. Following the extensive 2024 renovation, the property offers a turnkey opportunity for investors seeking a multi-family rental property in Orange County NY, with modernized interiors, improved systems, and strong long-term income potential. With its combination of historic charm, modern renovation, multiple income streams, and prime Hudson Valley location, this property presents an outstanding opportunity for investors, 1031 exchange buyers, or those seeking a unique income-producing property in Scotchtown, NY. Financials available upon request.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,590,000 | Lot Size | 1.66 AC |
| Price Per Unit | $397,500 | Building Size | 5,600 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1789/2024 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Low-Rise | Parking Ratio | 0.89/1,000 SF |
| Building Class | B | ||
| Zoning | R2 - Zoned for 2 full year lease and 2 mid or short term lease. Zoned commercial | ||
| Price | $1,590,000 |
| Price Per Unit | $397,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.66 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1789/2024 |
| Tenancy | Single |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | R2 - Zoned for 2 full year lease and 2 mid or short term lease. Zoned commercial |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Wi-Fi
- Built-In Bookshelves
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Handrails
- Island Kitchen
- Pantry
- Wheelchair Accessible (Rooms)
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 2+2 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | 335200-024-000-0001-017.320-0000 | Total Assessment | $216,400 (2024) |
| Land Assessment | $8,900 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $207,500 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
335200-024-000-0001-017.320-0000
Land Assessment
$8,900 (2024)
Improvements Assessment
$207,500 (2024)
Total Assessment
$216,400 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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375 Blumel Rd
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