9 Beds
3 Baths
3,484 Sqft Lot
9 Beds
3 Baths
3,484 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY837183
Bedrooms 9
Full Baths 3
Originating Board onekey2
Rental Info No
Year Built 1900
Annual Tax Amount $8,972
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Triplex
Property Description
Investors, take advantage of this prime multi-family opportunity at 58 Lincoln Avenue, Poughkeepsie, NY 12601. This fully occupied 3-unit property features three spacious 3-bedroom apartments, currently generating $57,000 in gross annual income with a 7.53% cap rate. With below-market rents, this property offers immediate upside potential, reaching a 9.61% pro forma cap rate when adjusted to current market levels.
Situated within walking distance to Vassar Brothers Medical Center, this location provides a steady tenant pool, making it an attractive and reliable income-producing asset. The property's spacious units appeal to professionals, families, and students, ensuring long-term rental demand.
Whether you're looking to expand your portfolio or secure a high-demand rental property in a growing market, 58 Lincoln Avenue offers immediate cash flow with strong future returns.
Schedule a private tour today and capitalize on this income-generating investment!
Location
State NY
County Dutchess County
Rooms
Basement Unfinished
Interior
Interior Features Other
Heating Natural Gas, Other
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Poughkeepsie City
Others
Senior Community No
Special Listing Condition None
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