72-1/2 Henry Avenue, Newburgh, NY 12550
Local realty services provided by:CENTURY 21 Stoeckeler Real Estate
72-1/2 Henry Avenue,Newburgh, NY 12550
$389,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: hamar j. clarke
Office: clarke realty & associates llc.
MLS#:986632
Source:OneKey MLS
Price summary
- Price:$389,000
About this home
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!...
Contact an agent
Home facts
- Year built:1890
- Listing ID #:986632
- Added:8 day(s) ago
- Updated:April 25, 2026 at 10:49 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Basement:Yes
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Baseboard, ENERGY STAR Qualified Equipment
Structure and exterior
- Year built:1890
- Lot area:0.13 Acres
- Architectural Style:Colonial
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$389,000
- Tax amount:$7,482 (2026)
Parking
- Parking description:Driveway, Off Street, Parking Lot
- Garage:Yes
- Garage spaces:2
New listings near 72-1/2 Henry Avenue
- Open Sat, 12 to 2pmNew
$639,999Active6 beds 4 baths32 City Terrace N, Newburgh, NY 12550
MLS# 967889Listed by: EXIT REALTY CONNECTIONS - Coming Soon
$899,999Coming Soon2 beds 2 baths660 S Plank Road, Newburgh, NY 12550
MLS# 989462Listed by: KELLER WILLIAMS REALTY - Open Sat, 12 to 2pmNew
$399,900Active4 beds 2 baths1,752 sq. ft.5 Laurie Lane, Newburgh, NY 12550
MLS# 989862Listed by: KELLER WILLIAMS REALTY - New
$270,000Active2 beds 1 baths756 sq. ft.48 Thompson Street, Newburgh, NY 12550
MLS# 988844Listed by: RE/MAX BENCHMARK REALTY GROUP - Coming Soon
$799,000Coming Soon5 beds 4 baths14 Glen Lane, Newburgh, NY 12550
MLS# 986701Listed by: EXP REALTY - Open Sat, 11am to 1pmNew
$449,900Active3 beds 2 baths1,744 sq. ft.11 5th Avenue, Newburgh, NY 12550
MLS# 986100Listed by: KELLER WILLIAMS HUDSON VALLEY
$839,900Pending4 beds 4 baths3,428 sq. ft.29 Lot Lake Drive, Newburgh, IN 47630
MLS# 202614175Listed by: ERA FIRST ADVANTAGE REALTY, INC
$665,000Pending4 beds 3 baths2,593 sq. ft.12 Black Gum Court, Newburgh, NY 12550
MLS# 980303Listed by: EXP REALTY- Open Sun, 1 to 3pmNew
$309,000Active2 beds 2 baths912 sq. ft.16 Washington Place, Newburgh, NY 12550
MLS# 976752Listed by: HOWARD HANNA RAND REALTY - New
$200,000Active0.07 Acres59 Chambers Street, Newburgh, NY 12550
MLS# 987781Listed by: CORCORAN COUNTRY LIVING