2042 Route 44 2038, Pleasant Valley, NY 12569
Investor Opportunity: Premium 24-Unit Asset in Heart of Dutchess County. A rare chance to acquire Pleasant Valley Gardens - a fully stabilized 24-unit multifamily investment in one of the Hudson Valley’s most desirable submarkets. Situated on 1.1 acres along Route 44, this turnkey property includes three well-maintained buildings featuring 14 oversized studio apartments and 10 spacious one-bedroom units, offering a total of 14,350 square feet. The complex is 100% occupied with strong in-place rents and upside potential through strategic value-adds. Amenities include a fully paved parking lot for tenants, professional landscaping, and long-term tenancy mix. Detailed income and expense statements, along with unit-level rent breakdowns, are available upon request. Located just minutes from Poughkeepsie and major commuter routes as Taconic State Parkway, Pleasant Vally Gardens offers both income stability and growth trajectory for the right operator or fund. Please do not disturb residents. Private showings by appointment only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.