Debra Smith
Licensed Real Estate Salesperson
REALTOR®
Margaretville, NY
Office: (845) 586-3321 (973) 479-6445
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9 Benedict Lane , Unit 5-7, New Windsor, NY 12553

New - 17 Hours Ago

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Property Description

Income-producing multi-property asset offered at approximately an 8% cap rate with $75,900 NOI. This unique offering includes three separate residences on one 1.4 acre parcel, delivering multiple income streams and long-term upside potential. Ideal for investors seeking yield, value-add opportunity, or a hybrid owner-occupant strategy. Located across the street from Cornwall High School and near train service, shopping, and schools, the location supports steady rental demand.This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories.Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The large lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision.A rare opportunity to acquire a multi-structure investment property with immediate cash flow and future upside.

9 Benedict Lane , Unit 5-7 | MLS# 1026800

This multi-family property located at 9 Benedict Lane , Unit 5-7, New Windsor, NY 12553 is currently listed for sale with an asking price of $899,000. Benedict Lane , Unit 5-7 is located within the Cornwall school district. Search New Windsor real estate on debbie-smith.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Cooling: None
Heating: Baseboard, Oil, Propane
Lot Size: 1.40 Acres
Taxes: $16,777
Year Built: 1951

Amenities

First Floor Bedroom
Eat-in Kitchen

Feature Descriptions

Exterior: Other
On Market Date: 2026-07-16
Other Structures: Shed(s)
Parcel Number: 332489-005-000-0001-007.000-0000
Parking Features: Driveway
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Septic Tank
Units: 3
Utilities: Trash Collection Private
Water: Well

Local Schools

High School: Cornwall Central High School
Middle School: Cornwall Middle School
Elementary School: Cornwall Elementary School
School District: Cornwall

Estimate Your Payment

Estimated Payment

$ 3,661.08 per month $2,000.78 Principal & Interest $1,398.08 Property Tax $262.21 Homeowner's Insurance

Change Payment Information

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

Demographics

Listed By / Shown By

Listing By

Agency Name: eXp Realty
Agency Phone: 888-276-0630

Shown By

Agent Name: Debra Smith
Agent Phone: (973) 479-6445
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/17/2026. The listing information on this page last changed on 07/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/17/2026 12:30:43 AM EST) or Global MLS (last updated Fri 07/17/2026 12:22:34 AM EST) or New York State Alliance MLS (last updated Fri 07/17/2026 12:27:06 AM EST) or Hudson Valley Catskill Region MLS (last updated Fri 07/17/2026 12:11:19 AM EST) or OneKey MLS (last updated Fri 07/17/2026 12:28:30 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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