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Vacant Triplex with Renovated Studio
New
For Sale
$495,000

54 Gifford Ave, Poughkeepsie, NY 12601

Three-unit property with separate utilities, storage areas, and flexible owner-occupant or rental use.

Property Size2,900 SF
Days on Market2

Property Features for 54 Gifford Ave

General Information

Standard status Active
Size 2,900 SF
Property subtype Investment

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 2 x 2BR/1BA, 1 x studio
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $11,871

Building Details

Building Size 2,900 SF
Year Built 1890
Units 3
Listing Agency: CLARKE REALTY & ASSOCIATES LLC
Listed By: Shanette Bowes
Source: Elliman
Added: Aug 10 Changed: Aug 11 Last Checked: Aug 11 at 7:19AM

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 CLARKE REALTY & ASSOCIATES LLC

Investment Insights

Based on property information with market context.

Built in 1890, this vacant triplex contains two upper-level two-bedroom, one-bathroom apartments and a fully renovated studio on the first floor. The studio is move-in ready, while the two additional units provide a three-unit residential configuration. Separate utilities, including landlord metering, support unit-level expense management.

Property improvements include a new roof, rear garage and storage area, and attic storage. A new Certificate of Occupancy is expected at closing. The property is located at 54 Gifford Ave in Poughkeepsie, NY, with a Walk Score of 63, Transit Score of 52, and Bike Score of 30.

Key Highlights

  • Three‑unit triplex with two 2‑bedroom/1‑bathroom apartments and one studio
  • First‑floor studio has been fully renovated and is move‑in ready
  • All three units are currently vacant

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Computer & Electronic Repair Carpet & Flooring Store Furniture & Home Goods Veterinary Clinic Storage Facility Butcher

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

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,309
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?
Triplex - Three-unit property with separate utilities, storage areas, and flexible owner-occupant or rental use.
Where is this triplex located?
The property is located at 54 Gifford Ave Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three‑unit triplex with two 2‑bedroom/1‑bathroom apartments and one studio; First‑floor studio has been fully renovated and is move‑in ready; All three units are currently vacant
More about this property
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