Price Reduced 3.85%
Price History
$650,000
10/31/2024
$640,000
3/10/2025
$625,000
3/26/2025
$624,999
4/23/2025
22 Mud Mills Road, Middletown, NY, 10940
8 beds
4 Full baths
1900
Triplex
Investor Alert: Instant Equity & Endless Potential! Back on the market and priced below appraised value for a quick sale—this rare income-producing estate offers two houses and three total units on nearly 2 scenic acres. Once home to actor Robert Heitman, the property blends rich history, vintage charm, and incredible investment opportunity. The front house features two sun-drenched units, perfect for immediate or future rental income. The second home is a spacious 5-bedroom with wide wood plank floors, original character, and a cozy fireplace—ready for your creative vision. Whether you’re an investor seeking strong upside or a developer with plans for a unique compound, this property delivers: Instant equity (appraised over asking!), multiple income streams, and flexible layout options for long- or short-term rentals. Masonic Creek flows peacefully behind the property, with remnants of the original gristmill still visible—adding to the tranquil and historic setting. The expansive outdoor space is ideal for future amenities like gardens, patios, or even a greenhouse. While the property needs repairs and updates, the value is already there—perfect for investors or those with vision. No flood insurance required!
Status:
Active
Type:
Single-family residential
Units:
3
Heating:
Oil, Heat Pump, Radiant, See Remarks
Cooling:
Ductless, Wall/Window Unit(s)
Parking:
2-car, Attached, Driveway
Acreage:
1.9
Est. Taxes:
$9,160
Assessment
$58,000
Utilities
Trash Collection Private
Elementary School:
Presidential Park Elementary
Middle School:
Middletown Twin Towers Middle Sch
High School:
Middletown High School
School District:
Middletown
Days on Market:
110
MLS #:
H6334855
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of HVG Realty, Inc. Phone: 845-270-3242