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Duplex Income Property with FHA Assumable Option
For Sale
$449,999

33 Manitou Avenue, Poughkeepsie, NY 12601

Fully occupied duplex in Poughkeepsie generating rental income, with potential FHA assumable loan option for qualified buyers.

Property SizeContact for details
Days on Market135

Property Features for 33 Manitou Avenue

General Information

Standard status Active
Property subtype Multi-family
Occupancy 100%
Lease Term []

Additional Details

Gross Income $50,000

Building Details

Year Built 1910
Tenancy Multi
Listing Agency: eXp Realty
Listed By: Anesha Nesbitt
Source: Matthewsgroupre
Added: Mar 24 Changed: Jul 30 Last Checked: Aug 5 at 5:07AM

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 eXp Realty

Investment Insights

Based on property information with market context.

This well-maintained duplex is an income-producing multi-family property currently fully occupied. The two-unit setup supports rental income while also offering the flexibility for an owner-occupant to live in one unit and rent the other. Built in 1910, the property is positioned for buyers seeking an established income stream.

A key feature is the potential FHA assumable loan opportunity for qualified buyers, based on the seller’s existing FHA financing. Even if the existing FHA loan is not assumable for a particular buyer, the property was previously approved through FHA financing when purchased.

Location supports everyday convenience for tenants and residents, with proximity to Metro-North train stations and major regional routes including Route 9 and Interstate 84, along with nearby shopping centers, restaurants, hospitals, colleges, and waterfront and park attractions in the Hudson Valley area.

Key Highlights

  • Duplex income property, fully occupied
  • Potential FHA assumable loan option for qualified buyers
  • Well‑maintained multi‑family duplex built in 1910

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Computer & Electronic Repair Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,141
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Fully occupied duplex in Poughkeepsie generating rental income, with potential FHA assumable loan option for qualified buyers.
Where is this duplex located?
The property is located at 33 Manitou Avenue Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Duplex income property, fully occupied; Potential FHA assumable loan option for qualified buyers; Well‑maintained multi‑family duplex built in 1910
More about this property
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