Multi Family 5+ in Dutchess County
| MLS Number | 963813 |
|---|---|
| Address | 65 Academy Street, Poughkeepsie, NY 12601 show map |
| Price | $795,000 show mortgage calculator |
| Acres | 0.13000459136823 |
| Year Built | 1938 |
| Est. Sq. Footage | 0 |
| Elementary School | Gov George Clinton School |
| Jr High-Middle School | Poughkeepsie Middle School |
| High School | Poughkeepsie High School |
| Estimated Taxes | $19,027 |
| Total Apt Units | 5 |
Welcome to an outstanding investment opportunity in the heart of Poughkeepsie, NY. This well-maintained five-unit apartment building combines charm, stability, and strong income potential — a rare find in today’s market. The property offers a desirable mix of units, including two spacious three-bedroom apartments, one comfortable two-bedroom apartment, and two studio apartments. This diverse layout appeals to a broad range of tenants and supports consistent occupancy. Ideally located, residents enjoy close proximity to Vassar College, Dutchess Community College, and Marist College, as well as shopping, restaurants, parks, and local schools. Commuters will appreciate convenient access to major highways and public transportation, including bus and train service to NYC, making this an attractive choice for those seeking both accessibility and a vibrant lifestyle. The building reflects clear pride of ownership and has been thoughtfully maintained. Three of the units were renovated approximately one year ago, enhancing both condition and rental appeal. Currently, four of the five units are occupied, and applications are being reviewed for the remaining three-bedroom unit, projected at $1,900 per month. With a strong local rental market and a prime location, this property offers reliable cash flow and meaningful long-term growth potential. Whether you are a seasoned investor or exploring your first multi-family purchase, this is a compelling opportunity in a consistently desirable area. Call now to schedule a private tour.
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