Multi Family 5+ in Dutchess County
| MLS Number | 883669 |
|---|---|
| Address | 48 Columbia Street, Poughkeepsie, NY 12601 show map |
| Price | $950,000 show mortgage calculator |
| Acres | 0 |
| Year Built | 1900 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $18,548 |
| Total Apt Units | 5 |
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.
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