Newburgh, N.Y.
Newburgh, New York
1 2
Price: $450,000
Beds: 8
Baths: 4
Square feet: 3,917

To some, this Hudson River Victorian, at just 4,000-square-feet, may not count as a mansion but for space-deprived Manhattanites, it's more than big enough.

The home is in Newburgh, where many of the 19th-century homes have long been snapped up by city dwellers for use as weekend homes. Many recent buyers, however, have made it their permanent residence and commute into the city.

Homes in Newburgh have lost about 30% of their value over the past five years, according to Zillow. This house is particularly cheap because it has been broken up into four apartments. However, real estate agent Chris Hanson said it could easily be converted back into a single-family home.

The home still boasts many of its original details, including stone fireplaces, hardwood floors and intricate woodwork. The exterior is brick and includes a mansard roof. There's an old wrought iron fence and a columned portico at the front entrance. And, of course, there is its main selling point: its wonderful river views.

For further information: Trulia

Last updated October 14 2011: 3:22 PM ET
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