Property Description

72-1/2 Henry Avenue presents a standout opportunity in the heart of Newburgh's Washington Heights neighborhood. Ideal for both owner-occupants and savvy investors seeking immediate income with future upside. Set on an oversized double lot, this legal two-family property with separate utilities offers approximately 1,452 square feet with two residential units plus an additional income-producing garage/storage rental, creating multiple revenue streams from day one. The first-floor apartment features a spacious 2-bedroom layout with backyard and deck access, while the second-floor unit is a vacant 1-bedroom perfect for a buyer looking to move right in or secure a new market-rate tenant. The extra-wide lot adds rare value and flexibility not often found in city properties. For an owner-occupant, this is the ultimate house-hack opportunity: live comfortably in the vacant unit while collecting rent from the occupied apartment and rented garage space. In many cases, the incoming rent can offset a substantial portion of your monthly mortgage, helping lower your housing expense while you build equity and long-term wealth. Instead of paying to live somewhere else, let your property work for you.For investors, the appeal is immediate cash flow with room to grow. With one occupied unit, one vacant unit ready for lease, and separate garage/storage income, the property offers three potential income channels. The double lot may also create future development potential, expansion possibilities, or added land value, subject to municipal approvals and zoning review.An exciting added benefit is the possibility of exploring RUPCO's ADU (Accessory Dwelling Unit) grant programs or similar housing initiatives. Because the property sits on a double lot, eligible buyers may wish to investigate whether adding an accessory unit, cottage, or additional housing structure could be possible. Programs like these can help create more housing while increasing long-term property value, subject to qualifications, approvals, and local regulations.Located near Newburgh's waterfront dining scene, parks, shopping, major commuter routes, and ferry access to Metro-North Railroad via Beacon, this property combines location, flexibility, and income potential in one smart purchase. Whether you're looking to reduce your living costs, build your portfolio, or unlock future development possibilities, 72-1/2 Henry Avenue is a rare find, book your tour today!

Property Features