89 5th Avenue, Newburgh, NY 12550
- $460,000
- 3
- BD
- 2
- BA
- 1,336
- SqFt
- List Price
- $460,000
- Status
- ACTIVE
- MLS#
- 1010502
- Bedrooms
- 3
- Bathrooms
- 2
- Full-baths
- 1
- Half-baths
- 1
- Living Area
- 1,336
- Lot Size
- 135,036
- Neighborhood
- Newburgh
- Year Built
- 1847
- Acres
- 3.10
Property Description
Incredible Investment & Development Opportunity! Step back in time with this charming 1800s Colonial situated on a beautiful 3.1-acre parcel offering endless possibilities. This home features 3 bedrooms, 1.5 bathrooms, and a spacious detached two-car garage with impressive 12-foot ceiling, perfect for storage, a workshop, or hobby space. What truly sets this property apart is its exceptional potential. A proposed subdivision for four additional building lots is nearly completed, creating a rare opportunity for investors, developers, or anyone looking to maximize future value. With an existing tenant already in place, buyers may benefit from immediate rental income while exploring future development opportunities. Enjoy the best of both worlds, peaceful country living with convenient access to parks, shopping, restaurants, schools, and major commuter routes. The picturesque setting, mature trees, and expansive acreage make this a truly special property. Whether you're looking for an investment property, development opportunity, or a charming historic home with room to grow, this unique offering deserves your attention. Long term tenant would love to stay and continue renting. PLEASE do NOT drive up the driveway without a confirmed appointment with a Licensed Agent. Thank you.
Additional Information
- Style
- Colonial
- Foundation
- Stone
- Interior Features
- Eat-in Kitchen
- Elementary School
- Newburgh
- Middle School
- Newburgh
- High School
- Newburgh Free Academy
- Utilities
- Cable Available, Electricity Connected, Sewer Connected, Trash Collection Private, Water Connected
- Parking
- Detached
- Garage Spaces
- 2
- Water
- Public
- Basement
- Bilco Door(s), Unfinished
- Basement Description
- Bilco Door(s), Unfinished
- Flooring
- Carpet, Linoleum
- Heating
- Hot Water, Oil, See Remarks
Mortgage Calculator
Listing courtesy of Listing Agent: Jodi M Gillespie (BuySellWithJodi@gmail.com) from Listing Office: Gillespie Real Estate LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.