Student Rental Portfolio Multi-Family FOR SALE


Newburgh, NY
$2,900,000 USD
845-430-8314
, Newburgh, NY for Sale
$2,900,000 USD
Multi-Family - FOR SALE
1/22
null | 5.34% Cap Rate

Student Rental Portfolio
Newburgh, NY


HIGHLIGHTS

  • Immediate proximity to Mount Saint Mary College
  • Built-in student tenant pipeline
  • Proven SRO-style student housing demand
  • Attractive rents with clear upside potential
  • Immediate scale within a tight geographic radius
  • Storage component adds recession- resistant income

OVERVIEW

This offering consists of six separate properties located around the Liberty Street and Leroy Place corridor in the City of Newburgh. The portfolio brings together a diverse but complementary mix of residential and storage assets, creating a balanced income profile with multiple avenues for long-term upside. Four of the properties operate as SRO-style student rentals, each leased on a single-lease basis and occupied primarily by students from Mount Saint Mary College. These buildings benefit from consistent demand, steady turnover, and reliable occupancy driven by the college’s ongoing housing needs. The fifth asset is a four-unit multifamily building, o?ering traditional residential income with room for value-add improvements and rent growth as the surrounding neighborhood continues to strengthen. Rounding out the portfolio is a storage building containing ten individual drive-up units, generating stable, low-maintenance cash flow and adding an income stream that moves independently of the residential rental market. Together, these properties form a well-located and strategically diverse collection positioned within one of Newburgh’s most active growth areas, supported by close proximity to Mount Saint Mary College, the Liberty Street commercial corridor, and the ongoing revitalization throughout the East End Historic District. 563 Liberty Street 492 Liberty Street 58 Leroy Place 54 Leroy Place 19 Leroy Place 335 N Montgomery Street

ASK ABOUT THIS PROPERTY

Nathan KanneySVN Deegan-CollinsMore Info
845-430-8314

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Nathan KanneySVN Deegan-CollinsMore Info
845-430-8314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.