9-Room Rooming
For Sale
$649,900
40 S Hamilton Street, Poughkeepsie, NY 12601
Shared kitchen and lounge areas complement private rooms, with coin-operated laundry in the basement.
Property Size6,900 SF
Price / SF$94.19
Days on Market123
Property Features for 40 S Hamilton Street
General Information
Standard status
Active
Size
6,900 SF
Property subtype
Commercial
Net Operating Income
$49,315
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Gross Income
$100,000
Taxes and HOA fees
Annual Taxes
$17,939
Amenities
coin-operated laundry
communal kitchen
lounge
off-street parking
basement storage
Building Details
Building Size
6,900 SF
Year Built
1890
Units
9
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: Jun 24
Changed: Oct 23
Last Checked: Oct 23 at 2:32PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
At 40 S. Hamilton Street, this 6,900-square-foot multifamily property contains nine private single-occupancy rooms and seven bathrooms. Residents share a kitchen, lounge, and hallway areas on each floor. A coin-operated laundry is located in the basement, which also provides storage. The building dates to 1890 and has a rear driveway and parking area.
The property is identified as a grandfathered rooming house. Four-apartment conversion is allowed by right, while student housing is permitted outright. A lot split could allow construction of eight apartments following demolition of the existing building. Marist, Vassar, Dutchess Community College, and CIA are cited as nearby institutions.
The property is identified as a grandfathered rooming house. Four-apartment conversion is allowed by right, while student housing is permitted outright. A lot split could allow construction of eight apartments following demolition of the existing building. Marist, Vassar, Dutchess Community College, and CIA are cited as nearby institutions.
Key Highlights
- Nine private single‑occupancy rooms and seven bathrooms
- 6,900 square feet; built in 1890
- Shared kitchen, lounge, and hallway areas on each floor
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,857
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Shared kitchen and lounge areas complement private rooms, with coin-operated laundry in the basement.
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 $649,900.
What are key features of this property?
This property features: Nine private single‑occupancy rooms and seven bathrooms; 6,900 square feet; built in 1890; Shared kitchen, lounge, and hallway areas on each floor
