Two-Family Property Near
2 Poplar Street, Poughkeepsie, NY 12601
- Added:
- May 4, 2026
- Days on Market:
- 55
- Last Refresh:
- Jun 27 at 2:06 am
Property Features for 2 Poplar Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RNA
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 4, Bedroom 3, Bathroom 2
- Parking features
- Paved or Surfaced, Off Street, Driveway, Parking Lot
- Window features
- Insulated Windows
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Laminate Counters
- Exterior features
- Lighting, Paved Walkway, Private Entrance
- Basement
- Unfinished, Full
- Appliances
- Refrigerator, Range
- Standard status
- Pending
- APN
- 131300-6162-45-098510-0000
- Size
- 1,512 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- 6162-45-098510-0000
- Tax Annual Amount
- 7123
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Baseboard, Hot Water(Heating)
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1936
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Frame, Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Cape Cod
Listing agent Allison Morelle (315) 335-9809
Listing office Coldwell Banker Village GreenK 268 Fair Street, Kingston, NY (845) 331-5357
Listing date May 4, 2026
MLS# 20262090
Listing URL
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑family Cape Cod built in 1936 with 4 bedrooms and 2 full bathrooms total (2 bedrooms and 1 full bath per unit).
- In‑place rental configuration: each unit includes a kitchen with refrigerator and range.
- Public utilities include public water and public sewer.
- Heating system is oil with baseboard and hot water heat; cooling via ceiling fans.
- Exterior features include vinyl siding, asphalt shingle roof, and a porch with paved walkway and lighting.
- Off‑street parking with driveway and a parking lot.
Overview
Located in a desirable area, this well-maintained two-family property offers an opportunity for investors and owner-occupants. The property features strong in-place rental income and a clean expense profile, presenting a stable investment with immediate cash flow. Each unit includes 2 bedrooms and 1 full bathroom, providing functional layouts that appeal to a broad tenant base. Off-street parking adds to the property's convenience. The property supports reliable income generation. The location is 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 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 strengthens rental stability, attracting healthcare professionals and support staff. The property size is 1512 Square Feet on a lot of 0.11 acres.
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.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.926474
- Latitude
- 41.715135
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family property with strong rental income near colleges and transportation.
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: Two‑family Cape Cod built in 1936 with 4 bedrooms and 2 full bathrooms total (2 bedrooms and 1 full bath per unit).; In‑place rental configuration: each unit includes a kitchen with refrigerator and range.; Public utilities include public water and public sewer.
