Seller represented by:
Jodi M Gillespie
with
Gillespie Real Estate LLC
- Active
- Single Family Residence
89 5th Avenue, Newburgh, NY 12550 89 5th Avenue Get directions
$460,000- StyleColonial
- Age 179 Years
- Parking 2 car garage
- MLS# 1010502
- Listed June 10, 2026
Overview
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.
Features
Basement
- Unfinished
Interior Features
- Eat-in Kitchen
Appliances
- Gas Range
- Refrigerator
Laundry Features
- In Kitchen
Flooring
- Carpet
- Linoleum
Cooling
- None
Heating
- Hot Water
- Oil
- See Remarks
Patio and porch
- Porch
Pool and Spa
- Private Pool: No
Lot
- Sloped
- Cleared
- Corners Marked
- Front Yard
- Rolling Slope
- See Remarks
- Split Possible
- 3.1 acres
- Lot Size: 135036 sq ft
Garage and Parking
- Detached
- Parking Total: 6
- Garage Spaces: 2
- Garage: Yes
Property
- Waterfront: No
Construction Details
- Stone
Utilities
- Cable Available
- Electricity Connected
- Sewer Connected
- Water Connected
Sewer
- Public Sewer
Water Source
- Public
Nearby Schools
| School Type | School | District |
|---|---|---|
| Elementary School | Newburgh | Newburgh |
| Middle Or Junior School | Newburgh | Newburgh |
| High School | Newburgh Free Academy | Newburgh |
- 89 5th, Newburgh, NY 12550 $460,000
- 3 Beds 1 Bath 1 Partial Bath 1,336 Sq. ft. 3.10 Acre Lot
Request a Showing
-
Gillespie Real Estate
- Gillespie Real Estate LLC, (NY Lic#10991236579) 167 North Plank Road , Newburgh, NY 12550
- Work (845) 565-7073
- Email [email protected]