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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.
Overview
Property Type
Commercial
Location
48 Columbia Street, Poughkeepsie, NY 12601
MLS ID
883669
Listing Last Updated
6/30/2025 7:45 PM
Property Features & Amenities
Interior
Exterior
Stories
2
Water Source
Public
Utilites
Electricity Connected, Natural Gas Connected, Sewer Connected
Lot Features
Level, Paved
Parking
Driveway, Parking Lot
Heat Type
Baseboard, Electric, Natural Gas
Air Conditioning
Wall/Window Unit(s)
Sewer
Public Sewer
Details
Financial
Price
$950,000
Real Estate Tax
$18,548/yr
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