Two-Family Property Near
2 Poplar Street, Poughkeepsie, NY 12601
Well-maintained two-family property with strong rental income potential.
Type:Multifamily
Property size:
1,512 SFPrice / SF:
$230/SF- Added:
- May 4, 2026
- Days on Market:
- 26
- Last Refresh:
- May 14 at 9:39 pm
Property Features for 2 Poplar Street
General Information
- Standard status
- Active
- Size
- 1,512 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1936
Listing agent Allison Morelle License #10301217951
Listing office Coldwell Banker Village Green Realty Kingston
Listing date May 4, 2026
Source Crexi
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 Coldwell Banker Village Green Realty Kingston
HighLights
- Highly convenient location near Marist College, Dutchess Community College, and the Culinary Institute of America, driving strong rental demand.
- Turnkey two‑family property with strong in‑place rental income and a clean expense profile, providing immediate cash flow.
- Each unit features 2 bedrooms and 1 full bathroom, offering comfortable and functional layouts.
- Off‑street parking, a valuable amenity for renters.
- Easy access to Metro‑North Railroad, Walkway Over the Hudson, and the Mid‑Hudson Bridge.
- Proximity to Mid‑Hudson Regional Hospital, attracting healthcare professionals.
Overview
Located in a highly convenient and desirable area, this well-maintained two-family property at 2 Poplar Street presents an opportunity for investors and owner-occupants. The property features strong in-place rental income and a clean expense profile, offering a stable, turnkey investment with immediate cash flow. Each unit includes 2 bedrooms and 1 full bathroom, providing comfortable and functional layouts. Off-street parking adds to the property's convenience. The property supports reliable income generation due to its solid rental history and practical unit configurations. The location is just minutes from Marist College, Dutchess Community College, and the Culinary Institute of America, benefiting from rental demand driven by faculty and staff. Commuters will appreciate easy access to Metro-North Railroad, while nearby attractions like the Walkway Over the Hudson and the Mid-Hudson Bridge enhance the area's appeal. Proximity to Mid-Hudson Regional Hospital further strengthens rental stability, attracting healthcare professionals and support staff. The property size is 1512 square feet.
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 | $42.3k | $27.96 |
| − Vacancy | −$2.2k | −$1.45 |
| EGI | $40.1k | $26.51 |
| − OpEx | −$12.0k | −$7.95 |
| NOI | $28.1k | $18.55 |
1,512 SF · lease $27.96/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,054 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$371.1K
$324.7K – $432.9K
NOI $25,976 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$455.1K
$398.3K – $531.0K
NOI $31,860 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.9264597
- Latitude
- 41.715128
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family property with strong rental income potential.
Where is this duplex located?
The property is located at 2 Poplar Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Highly convenient location near Marist College, Dutchess Community College, and the Culinary Institute of America, driving strong rental demand.; Turnkey two‑family property with strong in‑place rental income and a clean expense profile, providing immediate cash flow.; Each unit features 2 bedrooms and 1 full bathroom, offering comfortable and functional layouts.
