Occupied Two-Unit
For Sale
$500,000
1 Park Place, Poughkeepsie, NY 12601
Fully occupied duplex with separate utility metering, shared laundry, basement storage, and an additional adjacent lot.
Property Size2,500 SF
Days on Market35
Property Features for 1 Park Place
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$52,800
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,350
Amenities
shared washer and dryer
basement storage
balcony
Building Details
Building Size
2,500 SF
Year Built
1910
Buildings
1
Units
2
Listing Agency:
RE/MAX Town & Country
(845) 490-3881
Listed By:
Kevin Daly
(845) 490-3881
Source:
Cohenandcohenrealty
Added: Jul 17
Changed: Aug 18
Last Checked: Aug 20 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Town & Country
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1910, contains two residential units with matching layouts that include bedrooms, a full bathroom, kitchen, dining room, and living room. The second unit also features a den or office with access to a balcony. Shared laundry facilities, basement storage, and on-site parking support the property’s residential configuration.
Both units are occupied, and each has a separate natural gas meter. Leased solar panels were installed in 2022, and the roof was replaced the same year. The property also includes the adjacent lot at 3 Park Place, identified by parcel number 131300-6162-71-320192-0000. Shopping, dining, schools, and major commuter routes are located nearby.
Both units are occupied, and each has a separate natural gas meter. Leased solar panels were installed in 2022, and the roof was replaced the same year. The property also includes the adjacent lot at 3 Park Place, identified by parcel number 131300-6162-71-320192-0000. Shopping, dining, schools, and major commuter routes are located nearby.
Key Highlights
- Two‑unit duplex with both units fully occupied
- Each unit includes 2 bedrooms, 1 bath, kitchen, dining room, and living room
- Second unit has a den/office with balcony access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,950
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$859,000
$859.0K
Cap Rate 7%
$613,571
$613.6K
Cap Rate 9%
$477,222
$477.2K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.2K $32.88/SF
− Vacancy
−$4.1K −$1.64/SF
EGI
$78.1K $31.24/SF
− OpEx
−$35.1K −$14.06/SF
NOI
$42.9K $17.18/SF
Area
Dutchess County, NY
Vacancy
5.00%
Lease Rate
$32.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$859,000
Cap Rate 7%
$613,571
Cap Rate 9%
$477,222
Alternative Uses
Best Use
Multifamily LT 5
$662.7K
$579.8K – $773.1K
NOI $46,386 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$613.6K
$536.9K – $715.8K
NOI $42,950 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$752.5K
$658.5K – $878.0K
NOI $52,678 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with separate utility metering, shared laundry, basement storage, and an additional adjacent lot.
Where is this duplex located?
The property is located at 1 Park Place Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex with both units fully occupied; Each unit includes 2 bedrooms, 1 bath, kitchen, dining room, and living room; Second unit has a den/office with balcony access
