89 Market ST, Poughkeepsie, NY 12601
89 Market ST, Poughkeepsie, NY 12601
89 Market ST, Poughkeepsie, NY 12601
89 Market ST, Poughkeepsie, NY 12601
89 Market ST, Poughkeepsie, NY 12601
89 Market ST, Poughkeepsie, NY 12601
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$ 799,000
Est. payment | /mo

6,969 Sqft Lot


Save
$ 799,000
Est. payment | /mo
Save

6,969 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1069605

Rental Info No

Year Built 1900

Annual Tax Amount $11,821

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Multi Family

Source onekey2

Property Description

Welcome to this income-producing multifamily opportunity delivering an estimated 9.2% current cap rate and generating approximately $105,000 in annual gross rental income. This well-maintained, fully occupied five-unit property is located at the corner of Market Street and Noxon Street in Poughkeepsie. Tenants pay for heat, hot water and electric, the landlord pays water, sewer and garbage.

The main building on Noxon Street contains three apartments. The first-floor apartment is handicap-accessible and offers two bedrooms and one bathroom. The two upper apartments each feature a living room, kitchen, and half bath on the main level, with a walk-up to the bedrooms and a full bathroom upstairs. One has two bedrooms and the other has three. These apartments have newer gas on-demand systems for heat and hot water.

The attached Market Street building has two apartments: a three-bedroom, one-bath unit and a one-bedroom, one-bath unit. Both feature air conditioning and heat pumps for heating and cooling.

Parking includes three spaces beside the building, with room for approximately two additional vehicles in front. The property is conveniently located near shopping, dining, Metro-North service, and Route 9.

Don't miss this opportunity to own a well-maintained, fully occupied five-unit property in a convenient Poughkeepsie location.

Location

State NY

County Dutchess County

Rooms

Basement Full

Interior

Heating Heat Pump, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street, Parking Lot

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 5

Building

Lot Description Corner Lot

Story 3

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

Elementary Schools Gov George Clinton School

Middle Schools Poughkeepsie Middle School

High Schools Poughkeepsie City

School District Poughkeepsie City

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by RE/MAX Town & Country • Michael Dunstan
Nearby Locations
Max Pierre

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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89 Market ST