Updated Triplex with Fenced
New
For Sale
$450,000
25 Conklin St, Poughkeepsie, NY 12601
Three distinct units include a refreshed main-level apartment, established tenancy, and off-street parking near downtown Poughkeepsie.
Property Size2,007 SF
Days on Market7
Property Features for 25 Conklin St
General Information
Standard status
Active
Size
2,007 SF
Total Parking Spaces
3
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,299
Amenities
fenced backyard
Building Details
Building Size
2,007 SF
Year Built
1910
Units
3
Listing Agency:
(508) 415-9208
Listed By:
Thomas Lawrenson
(508) 415-9208
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 11 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 Thomas Lawrenson
Investment Insights
Based on property information with market context.
This three-unit residential property, built in 1910, combines updated building systems with a varied unit configuration. The main-level apartment has been recently refreshed and is vacant. A second apartment occupies the upper level, while the third residence spans two floors, has a separate rear entry, and opens to a fenced backyard. Long-term tenants occupy the upper-level and two-level units.
Major improvements include replacement of plaster walls, electrical and plumbing work, added insulation, and window replacements. The property also has a newly paved driveway with room for three vehicles, supplemented by on-street parking. Its Poughkeepsie location is near Market Street and within minutes of the Mid-Hudson Bridge, Metro-North, Vassar Brothers Medical Center, Marist University, the Culinary Institute of America, The Bardavon, restaurants, shopping, and downtown amenities. WalkScore is 63, BikeScore is 30, and TransitScore is 52.
Major improvements include replacement of plaster walls, electrical and plumbing work, added insulation, and window replacements. The property also has a newly paved driveway with room for three vehicles, supplemented by on-street parking. Its Poughkeepsie location is near Market Street and within minutes of the Mid-Hudson Bridge, Metro-North, Vassar Brothers Medical Center, Marist University, the Culinary Institute of America, The Bardavon, restaurants, shopping, and downtown amenities. WalkScore is 63, BikeScore is 30, and TransitScore is 52.
Key Highlights
- Three‑unit property built in 1910
- Recently updated vacant main‑level unit
- Upper‑level unit occupied by a long‑term tenant
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
$37,238
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
8.28%
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%
$744,760
$744.8K
Cap Rate 7%
$531,971
$532.0K
Cap Rate 9%
$413,756
$413.8K
Market Conditions
NOI Build-Up for 2,007 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
$56.1K $27.96/SF
− Vacancy
−$2.9K −$1.45/SF
EGI
$53.2K $26.51/SF
− OpEx
−$16.0K −$7.95/SF
NOI
$37.2K $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%
$744,760
Cap Rate 7%
$531,971
Cap Rate 9%
$413,756
Alternative Uses
Best Use
Multifamily LT 5
$532.0K
$465.5K – $620.6K
NOI $37,238 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$492.6K
$431.0K – $574.7K
NOI $34,480 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$604.1K
$528.6K – $704.8K
NOI $42,290 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,350
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 - Three distinct units include a refreshed main-level apartment, established tenancy, and off-street parking near downtown Poughkeepsie.
Where is this triplex located?
The property is located at 25 Conklin St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑unit property built in 1910; Recently updated vacant main‑level unit; Upper‑level unit occupied by a long‑term tenant
