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$950,000
Est. payment /mo
9,147 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 883669
Rental Info No
Year Built 1900
Annual Tax Amount $18,548
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Multi Family
Source onekey2
Property Description
Turnkey investment opportunity delivering an 8.7% cap rate in Poughkeepsie's Campus Development (CD) District. This well-maintained 5-unit mixed-use building features (3) 1-bedroom apartments, (1) 2-bedroom apartment, and 1 commercial space, just one block from Vassar Brothers Medical Center. The sale also includes a separately deeded 0.11-acre parking lot on Franklin Street, providing added convenience and long-term value for tenants. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with room for future upside. Financials available upon request—an ideal opportunity for investors seeking a stable, income-producing asset in a prime growth corridor.
Location
State NY
County Dutchess County
Rooms
Basement Unfinished
Interior
Heating Baseboard, Electric, Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway, Parking Lot
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Building
Lot Description Level, Paved
Story 2
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Special Listing Condition None
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Listed by Serhant LLC
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