Renovated Duplex With Shared
For Sale
$500,000
17 Carroll Street, Poughkeepsie, NY 12601
Two leased apartments feature updated interiors, separate living areas, and a landscaped outdoor space shared by residents.
Property Size1,898 SF
Days on Market78
Property Features for 17 Carroll Street
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$43,000
Taxes and HOA fees
Annual Taxes
$10,432
Amenities
shared backyard area
Building Details
Building Size
1,898 SF
Year Built
1880
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Amanda Rivera
(845) 341-3017
Source:
Callexitfirst
Added: Jun 22
Changed: Sep 5
Last Checked: Aug 28 at 11:30AM
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 duplex contains two occupied apartments, each arranged with two bedrooms, one full bathroom, a living room, kitchen, and distinct living areas. Both units are subject to annual leases. Renovation work includes refreshed bathrooms, new flooring, energy-efficient windows, and a water heater installed in June 2026. The property was built in 1880 and includes improved landscaping at the front and rear, along with a shared backyard for residents.
Located at 17 Carroll Street in Poughkeepsie, the property offers a two-family configuration with updated building components and established tenancy. The separate apartments support independent household use within a single residential income property.
Located at 17 Carroll Street in Poughkeepsie, the property offers a two-family configuration with updated building components and established tenancy. The separate apartments support independent household use within a single residential income property.
Key Highlights
- Two‑family duplex with 2 occupied apartments under annual leases
- Each apartment includes 2 bedrooms and 1 full bathroom
- Renovated bathrooms, new flooring, and energy‑efficient windows
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
$35,216
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
7.04%
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%
$704,320
$704.3K
Cap Rate 7%
$503,086
$503.1K
Cap Rate 9%
$391,289
$391.3K
Market Conditions
NOI Build-Up for 1,898 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
$53.1K $27.96/SF
− Vacancy
−$2.8K −$1.45/SF
EGI
$50.3K $26.51/SF
− OpEx
−$15.1K −$7.95/SF
NOI
$35.2K $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 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%
$704,320
Cap Rate 7%
$503,086
Cap Rate 9%
$391,289
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,931
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased apartments feature updated interiors, separate living areas, and a landscaped outdoor space shared by residents.
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 duplex with 2 occupied apartments under annual leases; Each apartment includes 2 bedrooms and 1 full bathroom; Renovated bathrooms, new flooring, and energy‑efficient windows
