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Multifamily Property with Rooming House Layout
For Sale
$735,000

40 S Hamilton Street, Poughkeepsie, NY 12601

Commercial Sale, Poughkeepsie, NY

Property SizeContact for details
Lot Size0.34 Acres
Days on Market76

Property Features for 40 S Hamilton Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking features Driveway
Basement Full, Storage Space, Partially Finished
Elementary school Gov George Clinton School
Middle school Poughkeepsie Middle School
High school Poughkeepsie High School
Elementary school district Poughkeepsie City
Middle school district Poughkeepsie City
High school district Poughkeepsie City
Standard status Active
APN 131300-6161-22-162944-0000
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17940

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Amenities

coin-operated laundry
communal kitchen
lounge

Building Details

Year built 1890
Number of units 9
Building materials Brick
Listing Agency: Real Broker NY LLC
Listed By: Jorge Lugo
Added: Jun 15 Changed: Aug 20 Last Checked: Aug 29 at 4:06AM
MLS# 1017698

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick multifamily property in Poughkeepsie includes nine private single-occupancy rooms and seven bathrooms. Shared facilities include a communal kitchen, lounge areas, and hallways serving each floor. The basement provides coin-operated laundry and additional storage space. Natural gas heat, public water, and public sewer are in place, and the building dates to 1890.

The property occupies 0.34 acres and includes a rear driveway with off-street parking, along with a separate small parking area behind the building. The existing rooming house operation can continue, while the source information also identifies four-apartment conversion as permitted by right. Student housing is stated as an outright permitted use, with Marist, Vassar, Dutchess Community College, and the Culinary Institute of America identified nearby.

Key Highlights

  • Nine private single‑occupancy rooms and seven bathrooms
  • 0.34‑acre lot with rear driveway and additional parking area
  • Communal kitchen and lounge areas serve the rooming house layout

Property Analytics

Current Use

40 SO Hamilton ... Travel Agency

Suggested Use

Top Pick Computer & Electronic Repair Acupuncture Veterinary Clinic Carpet & Flooring Store Butcher (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

2,857
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?
Multifamily property - Brick income property offering private rooms, shared common areas, basement laundry, and off-street parking.
Where is this multifamily property located?
The property is located at 40 S Hamilton Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Nine private single‑occupancy rooms and seven bathrooms; 0.34‑acre lot with rear driveway and additional parking area; Communal kitchen and lounge areas serve the rooming house layout
More about this property
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