Renovated
For Sale
$499,000
182 Mill Street, Poughkeepsie, NY 12601
Both apartments will be vacant at delivery, with updated kitchens, bathrooms, and building systems.
Property Size2,360 SF
Price / SF$211.44
Days on Market13
Property Features for 182 Mill Street
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,615
Amenities
Eat-in Kitchen
Building Details
Building Size
2,360 SF
Year Built
1920
Buildings
1
Units
2
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 2:33PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
This 2,360-square-foot duplex has two apartments, each configured with three bedrooms and one full bathroom. The property was built in 1920 and underwent a full renovation within the past two years. Improvements include quartz countertops, stainless steel appliances, updated kitchens and bathrooms, new plumbing and electrical wiring, and updated heating and hot water systems, including furnaces.
Both apartments are scheduled for delivery vacant. The property also has off-street parking.
Both apartments are scheduled for delivery vacant. The property also has off-street parking.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 full bathroom
- 2,360 square feet; built in 1920
- Full renovation completed within the past two years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,788
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,760
$875.8K
Cap Rate 7%
$625,543
$625.5K
Cap Rate 9%
$486,533
$486.5K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$66.0K $27.96/SF
− Vacancy
−$3.4K −$1.45/SF
EGI
$62.6K $26.51/SF
− OpEx
−$18.8K −$7.95/SF
NOI
$43.8K $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 Rate 5%
$875,760
Cap Rate 7%
$625,543
Cap Rate 9%
$486,533
Alternative Uses
Best Use
Multifamily LT 5
$625.5K
$547.4K – $729.8K
NOI $43,788 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$579.2K
$506.8K – $675.7K
NOI $40,544 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,739
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments will be vacant at delivery, with updated kitchens, bathrooms, and building systems.
Where is this duplex located?
The property is located at 182 Mill Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 full bathroom; 2,360 square feet; built in 1920; Full renovation completed within the past two years
