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Five-Unit Mixed-Use Building
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48 Columbia St, Poughkeepsie, NY 12601

Property includes three 1-bedroom apartments, one 2-bedroom apartment, and one commercial space in a well-maintained building.

Property SizeContact for details
Days on Market132

Property Features for 48 Columbia St

General Information

Standard status Active
Property subtype Retail, Multifamily, Office, Mixed Use

Additional Details

Cap Rate 10.76%
Highway Access Yes
Multifamily Units 4

Building Details

Tenancy Multi
Listing Agency: SERHANT
Listed By: Jake Garay · License #NY 10301216829
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 11:48AM

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 SERHANT

Investment Insights

Based on property information with market context.

Well-maintained five-unit mixed-use building offering residential and commercial income in the City of Poughkeepsie Hospital/Medical District. The property includes three 1-bedroom apartments, one 2-bedroom apartment, and one commercial space, providing a diversified day-to-day operating setup. Additional potential for expansion and growth is noted.

The building is located one block from Vassar Brothers Medical Center and is in close proximity to U.S. Route 9, Mid-Hudson Bridge, Culinary Institute of America, Marist College, Vassar College, and Dutchess Community College.

Income and expenses are available upon request, and the property is being offered at a stated 10.76% cap rate.

Key Highlights

  • Well‑maintained 5‑unit mixed‑use building in the Hospital/Medical District of Poughkeepsie
  • Unit mix: three 1‑bedroom apartments, one 2‑bedroom apartment, and one commercial space
  • Offered at a 10.76% cap rate

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Computer & Electronic Repair Locksmith Carpet & Flooring Store Home Appliance Store Acupuncture Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,118
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Property includes three 1-bedroom apartments, one 2-bedroom apartment, and one commercial space in a well-maintained building.
Where is this apartment building located?
The property is located at 48 Columbia St Poughkeepsie, NY.
What are key features of this property?
This property features: Well‑maintained 5‑unit mixed‑use building in the Hospital/Medical District of Poughkeepsie; Unit mix: three 1‑bedroom apartments, one 2‑bedroom apartment, and one commercial space; Offered at a 10.76% cap rate
(914) 772-2603 Call to check price and availability
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