Three-Unit Multifamily
For Sale
$429,000
11 S White Street, Poughkeepsie, NY 12601
The larger residence includes an attached two-car garage, storage, and in-unit laundry.
Property Size2,071 SF
Price / SF$207.15
Days on Market54
Property Features for 11 S White Street
General Information
Standard status
Active
Size
2,071 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,200
Amenities
garage
off-street parking
storage
in-unit washer/dryer
Eat-in Kitchen
Building Details
Building Size
2,071 SF
Year Built
1900
Buildings
2
Units
3
Listing Agency:
Corcoran Baer & McIntosh
(845) 987-2000
Listed By:
Amy Coccia Wilhelm · License #10401236429 (NY)
(845) 500-0059
Source:
Clairedleone
Added: Sep 1
Changed: Oct 23
Last Checked: Oct 23 at 4:08PM
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 Corcoran Baer & McIntosh
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Investment Insights
Based on property information with market context.
Two buildings contain three apartments: one two-bedroom, one-bath residence and two one-bedroom, one-bath units. The larger apartment has an attached two-car garage, storage, and an in-unit washer and dryer. The other building contains the two one-bedroom units; one is leased through August 31, 2027, while the second is vacant. Both buildings have off-street parking. Electrical, boiler/HVAC, and roof features are described as newer, and the property has municipal services and natural gas.
The property is in Poughkeepsie, with access to train stations, Vassar College, Marist College, and the Walkway Over the Hudson.
The property is in Poughkeepsie, with access to train stations, Vassar College, Marist College, and the Walkway Over the Hudson.
Key Highlights
- Two buildings with three apartments: one 2BR/1BA and two 1BR/1BA units
- Larger apartment has an attached 2‑car garage, storage, and an in‑unit washer/dryer
- One 1BR/1BA unit is leased through Aug 31, 2027; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,579
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,580
$711.6K
Cap Rate 7%
$508,271
$508.3K
Cap Rate 9%
$395,322
$395.3K
Market Conditions
NOI Build-Up for 2,071 SF
Gross rent
$68.1K $32.88/SF
− Vacancy
−$3.4K −$1.64/SF
EGI
$64.7K $31.24/SF
− OpEx
−$29.1K −$14.06/SF
NOI
$35.6K $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 Rate 5%
$711,580
Cap Rate 7%
$508,271
Cap Rate 9%
$395,322
Alternative Uses
Best Use
Apartment 5plus
$508.3K
$444.7K – $593.0K
NOI $35,579 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$623.4K
$545.5K – $727.3K
NOI $43,639 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,360
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The larger residence includes an attached two-car garage, storage, and in-unit laundry.
Where is this multifamily property located?
The property is located at 11 S White Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two buildings with three apartments: one 2BR/1BA and two 1BR/1BA units; Larger apartment has an attached 2‑car garage, storage, and an in‑unit washer/dryer; One 1BR/1BA unit is leased through Aug 31, 2027; the other is vacant
