by RH Advisors
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
Check Availability
Middletown 10940
40 Academy Avenue
Photo of 40 Academy Avenue

16

Map

Photo of 40 Academy Avenue
Photo of 40 Academy Avenue
$295,000
● House - In Contract

40 Academy Avenue

Middletown, NY 10940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$1,748
Est. Monthly

About This Property

Charming 2-Bedroom Home in Downtown Middletown! This cozy two-story, 2-bedroom, 1-bath home is conveniently located within walking distance of restaurants, shops, and City Hall. The first floor features a spacious eat-in kitchen with access to the back porch and private backyard, along with a living room connected to a family room/study. Upstairs offers two generously sized bedrooms and a full bathroom. A walk-up attic provides partially finished additional space with potential for storage, a home office, or future living space. Enjoy a welcoming front porch, a small backyard, and convenient driveway parking. Great opportunity for a homeowner or investor looking for a centrally located property.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$236
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1870

Listed By

Jonathon Lee
[email protected]
Keller Williams Hudson Valley

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 8 days ago (OneKey MLS #KEY1047286)

Price History

Date / Event Date Event Price
Oct 24, 2026 In contract -
In contract
Sep 15, 2026 Price Decreased $295,000
↓ $15K (4.8%)
Price Decreased
Sep 4, 2026 Listed by KW Hudson Valley United $309,900
Listed by KW Hudson Valley United
Jun 14, 2016 Sold
Premium
Sold
Apr 5, 2016 Sold
Premium
Sold
Show More

Property Highlights

Parking Details
Has Open Parking
Parking Features: Driveway
Interior Details
Full Bathrooms: 1
Interior Features: Other
Appliances: Dryer, Gas Range, Refrigerator, Washer
Rooms: 7
Basement: Unfinished
Exterior Details
Square Footage: 1248
Square Footage Source: $0
Architectural Style: Other
Year Built: 1870
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 2374
Lot Size Units: Square Feet
Lot Size Acres: 0.0545
Lot Size Square Feet: 2374
Water Source: Public
Financial Details
Tax Assessed Value: $12,800
Tax Annual Amount: $3,583
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Forced Air, Natural Gas, Other
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1926
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,374
  • Lot Size Depth Feet: 663
  • Lot Size Frontage Feet: 358
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000054
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Middletown City School District
  • School Tax School District: MIDDLETOWN
  • Census Tract: 001500

Zoning

  • Zoning: R-2

Geography

  • Account Number: 0010002700
  • District: 330900
  • Section: 36.00
  • Parcel: 330900 36-13-28
  • Block: 13
  • Lot: 28.000
  • Municipality: MIDDLETOWN
  • Latitude: 41.4432
  • Longitude: -74.4164

    Address

  • Full Address: 40 Academy Ave
  • Address - House Number: 40
  • Address - Street Name: Academy
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Middletown
  • Carrier Code: C034
  • 4-Digit Zip Code: 5135
  • Zip Code: 10940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $344,171
  • Tax Rate Code Area: 330900

    Appraisal Valuation

  • Standard Deviation: 0.1992
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 60
  • Final Value: 62,528
  • High Value: 74,983
  • Low Value: 50,072

    Market Valuation

  • Market Total Value: $128,000
  • Market Land Value: $27,000
  • Market Improvement Value: $101,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,800
  • Assessed Land Value: $2,700
  • Assessed Improvements Value: $10,100

    Sales

  • Current Sale Contract Date: May 16, 2016
  • Current Sale Recording Date: Jun 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 05, 2016
  • Previous Sale Contract Date: Nov 17, 2015
  • Previous Sale Amount: $107,000
  • Previous Sale Document Type: 34
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middletown

Stats & Trends

Median Asking:

$374,950

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

92

Average Home Size

1520 ft²

Average Home Age

65.3 years

Currently For Sale

74 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 48 North Street, Middletown, NY, 10940

$2,325 /mo

  • 1 Bed
  • 1 Bath
  • 758 ft²
48 North Street #406, Middletown, NY, 10940 Listing by Tehillah Deslandes
Unit for rent at 102 North Street, Middletown, NY, 10940

$1,425 /mo

  • 1 Bed
  • 1 Bath
  • 634 ft²
102 North Street #4, Middletown, NY, 10940 Listing by Hazel D. Cello
Unit for rent at 43 Broad Street, Middletown, NY, 10940

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 959 ft²
43 Broad Street #2, Middletown, NY, 10940 Listing by Frances Levin

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 8 days ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 40 Academy Avenue built and last sold?
The property at 40 Academy Avenue was built in 1870 and last sold on May 16, 2016 for $60,000.
How much is this home worth?
The estimated value of the home located at 40 Academy Avenue is $283,925.
What are some comparable homes to 40 Academy Avenue?
There are currently no comparable homes to 40 Academy Avenue.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Middletown Homes for Sale
Middletown Houses for Sale
Middletown Condos for Sale
Middletown Townhouses for Sale
Middletown Multifamily for Sale
Middletown Land for Sale
Middletown Commercial for Sale
Middletown Homes with Basements
Nearby Cities
Scotchtown Homes for Sale
Mechanicstown Homes for Sale
Washington Heights Homes for Sale
Nearby Property Records
Orange County, NY Property Records
Passaic County, NJ Property Records
Sullivan County, NY Property Records
Sussex County, NJ Property Records
Ulster County, NY Property Records
Rockland County, NY Property Records
Putnam County, NY Property Records
Pike County, PA Property Records
Nearby Counties
Wallkill Homes for Sale
Goshen Homes for Sale
Wawayanda Homes for Sale
Top Real Estate Agents
Top Agents in Middletown
Top Agents in 10940
Top Agents in Wallkill
Top Agents in Goshen
Top Agents in 10924
Top Agents in 10941
Top Agents in Wawayanda
Top Agents in Scotchtown