Two-Unit Duplex with
157 Union St, Poughkeepsie, NY 12601
For Sale
$440,000
Separate utility meters assign each apartment’s usage to its respective occupants.
Property Size1,944 SF
Price / SF$226.34
Days on Market14
Property Features for 157 Union St
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
360 Property Management
(845) 454-7700
Listed By:
Simone L. Bardowell
(845) 518-5969
Source:
Exprealty
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 8:31AM
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 360 Property Management
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Investment Insights
Based on property information with market context.
This 1,944-square-foot duplex contains two apartments. The upper residence spans two levels and has hardwood floors, stainless steel appliances, a private balcony, and access to a private backyard. It is vacant, while the lower apartment is leased. Utilities are separately metered.
The property is in Poughkeepsie’s Union Street Historic District, approximately 0.6 miles from Vassar Brothers Medical Center. Metro-North service, the Walkway Over the Hudson, Marist University, Vassar College, shopping, dining, and downtown Poughkeepsie are also cited as nearby destinations.
The property is in Poughkeepsie’s Union Street Historic District, approximately 0.6 miles from Vassar Brothers Medical Center. Metro-North service, the Walkway Over the Hudson, Marist University, Vassar College, shopping, dining, and downtown Poughkeepsie are also cited as nearby destinations.
Key Highlights
- Two‑apartment property with the lower unit leased and the upper unit vacant
- Upper apartment occupies two levels and includes hardwood floors and stainless steel appliances
- Private balcony and backyard access serve the upper apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,069
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,380
$721.4K
Cap Rate 7%
$515,271
$515.3K
Cap Rate 9%
$400,767
$400.8K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$54.4K $27.96/SF
− Vacancy
−$2.8K −$1.45/SF
EGI
$51.5K $26.51/SF
− OpEx
−$15.5K −$7.95/SF
NOI
$36.1K $18.55/SF
Area
Dutchess County, NY
Vacancy
5.20%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,380
Cap Rate 7%
$515,271
Cap Rate 9%
$400,767
Alternative Uses
Best Use
Multifamily LT 5
$515.3K
$450.9K – $601.2K
NOI $36,069 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$477.1K
$417.5K – $556.6K
NOI $33,398 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$585.2K
$512.0K – $682.7K
NOI $40,962 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,058
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
Properties on Market for Duplexes in Poughkeepsie
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters assign each apartment’s usage to its respective occupants.
Where is this duplex located?
The property is located at 157 Union St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑apartment property with the lower unit leased and the upper unit vacant; Upper apartment occupies two levels and includes hardwood floors and stainless steel appliances; Private balcony and backyard access serve the upper apartment
