Updated Three-Family Poughkeepsie
For Sale
$600,000
18 S Clinton St, Poughkeepsie, NY 12601
Well-maintained Poughkeepsie three-family with updated units and mechanicals.
Property Size2,844 SF
Lot Size0.10 Acres
Days on Market156
Property Features for 18 S Clinton St
General Information
Standard status
Active
Size
2,844 SF
Lot size
0.10 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,955
Building Details
Building Size
2,844 SF
Year Built
1900
Units
3
Listing Agency:
BHHS HUDSON VALLEY PROPERTIES
(845) 702-7060
Listed By:
Daniel Axtmann · License #40AX1070499
(845) 702-7060
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 12 at 7:17AM
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 BHHS HUDSON VALLEY PROPERTIES
Investment Insights
Based on property information with market context.
This well-maintained three-family property is located in the City of Poughkeepsie. It features two 3-bedroom units and a 1-bedroom unit with a cathedral ceiling and loft. The apartments have recent interior updates. The property includes updated mechanicals, featuring three newer gas boilers and three newer electric water heaters. Separate utilities are in place. Off-street parking is available, and the property includes a spacious backyard. The location provides easy access to schools, shopping, dining, commuter routes, trains, and the Poughkeepsie waterfront. It is an investment opportunity.
Key Highlights
- Three updated apartments: two 3‑bedroom units and one unique 1‑bedroom unit with cathedral ceiling & loft.
- Updated mechanicals: three newer gas boilers and three newer electric water heaters.
- Separate utilities for each unit.
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
$52,768
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
8.79%
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%
$1,055,360
$1.1M
Cap Rate 7%
$753,829
$753.8K
Cap Rate 9%
$586,311
$586.3K
Market Conditions
NOI Build-Up for 2,844 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
$79.5K $27.96/SF
− Vacancy
−$4.1K −$1.45/SF
EGI
$75.4K $26.51/SF
− OpEx
−$22.6K −$7.95/SF
NOI
$52.8K $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%
$1,055,360
Cap Rate 7%
$753,829
Cap Rate 9%
$586,311
Alternative Uses
Best Use
Multifamily LT 5
$753.8K
$659.6K – $879.5K
NOI $52,768 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$698.0K
$610.7K – $814.3K
NOI $48,859 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$856.1K
$749.1K – $998.8K
NOI $59,927 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,099
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?
Triplex - Well-maintained Poughkeepsie three-family with updated units and mechanicals.
Where is this triplex located?
The property is located at 18 S Clinton St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three updated apartments: two 3‑bedroom units and **one unique 1‑bedroom unit with cathedral ceiling & loft.**; Updated mechanicals: three newer gas boilers and three newer electric water heaters.; Separate utilities for each unit.
