Renovated Two-Family
17 Carroll Street Poughkeepsie, NY 12601
17 Carroll Street, Poughkeepsie, NY, 12601
$500,000
For Sale
$500,000
Turnkey two-family property with both units leased and recently renovated with updated flooring, windows, and bathrooms.
Property Size1,898 SF
Price / SF$263.44
Days on Market57
Property Features for 17 Carroll Street
General Information
- Standard status
- Active
- Size
- 1,898 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1880
Listing agency
Keller Williams Realty
(845) 928-8000
Listed by
Amanda Rivera
(845) 928-8000
Source
Compass
Added: May 27 Updated: Jul 21 at 4:29AM Checked: Jul 21 at 4:29AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This fully renovated two-family home offers two separate apartments, each providing two bedrooms, one full bathroom, a bright living room, and a functional kitchen. Updates include renovated first- and second-floor units, new flooring throughout, updated bathrooms, and new energy-efficient windows. The property also features a new water heater installed in June 2026 and professionally improved front and backyard landscaping, along with an attractive shared backyard area.
Both apartments are currently occupied by tenants under annual lease agreements, supporting immediate rental income. The home is presented as a turnkey investment opportunity with substantial improvements already completed, and it is also suited to an owner-occupant who wants rental income to offset housing costs.
With a well-established two-family layout and recent capital upgrades, the property is positioned for low-maintenance ownership and continued rental operations.
Both apartments are currently occupied by tenants under annual lease agreements, supporting immediate rental income. The home is presented as a turnkey investment opportunity with substantial improvements already completed, and it is also suited to an owner-occupant who wants rental income to offset housing costs.
With a well-established two-family layout and recent capital upgrades, the property is positioned for low-maintenance ownership and continued rental operations.
Key Highlights
- Two‑family home built in 1880 with both apartments currently occupied by tenants on annual leases
- Approximately $43,000 in annual rental income from the two leased units
- Renovations include new energy‑efficient windows and a new water heater installed June 2026
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.1k | $27.96 |
| − Vacancy | −$2.8k | −$1.45 |
| EGI | $50.3k | $26.51 |
| − OpEx | −$15.1k | −$7.95 |
| NOI | $35.2k | $18.55 |
1,898 SF · lease $27.96/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.1K
$440.2K – $586.9K
NOI $35,216 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$465.8K
$407.6K – $543.5K
NOI $32,607 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$571.3K
$499.9K – $666.6K
NOI $39,993 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-family property with both units leased and recently renovated with updated flooring, windows, and bathrooms.
Where is this duplex located?
The property is located at 17 Carroll Street 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‑family home built in 1880 with both apartments currently occupied by tenants on annual leases; Approximately $43,000 in annual rental income from the two leased units; Renovations include new energy‑efficient windows and a new water heater installed June 2026
