Duplex with Two-Car
69 Cedar Avenue, Poughkeepsie, NY 12603
For Sale
$497,000
The upper efficiency apartment has dedicated laundry and heat-pump heating and air conditioning.
Property Size2,164 SF
Price / SF$229.67
Days on Market84
Property Features for 69 Cedar Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
stone fireplace
hardwood floors
ceramic tile flooring
central air conditioning
heat pump
washer and dryer
open shed
garden area
cement patio
walk-in hallway closet
Ceiling Fan(s)
Eat-in Kitchen
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Summerset Realty
(845) 691-6950
Listed By:
JoAnn Ellis
(914) 475-7267
Source:
Gillianstewart
Added: Aug 18
Changed: Nov 8
Last Checked: Nov 8 at 4:41PM
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 Summerset Realty
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Investment Insights
Based on property information with market context.
This 2,164-square-foot duplex, built in 1968, pairs a two-bedroom main apartment with an upstairs efficiency unit. The first-floor residence includes hardwood flooring, a stone fireplace, an eat-in kitchen, and a full unfinished basement with laundry space. Central air serves the main unit, while the upper apartment has a heat pump and its own washer and dryer.
A two-car garage sits beneath the home. The corner lot includes landscaped grounds, a garden area, an open shed, and a cement patio. The property is near dining, shopping, and commuter routes in Poughkeepsie.
A two-car garage sits beneath the home. The corner lot includes landscaped grounds, a garden area, an open shed, and a cement patio. The property is near dining, shopping, and commuter routes in Poughkeepsie.
Key Highlights
- 2,164‑square‑foot duplex with a two‑bedroom main unit and an upstairs efficiency apartment
- Built in 1968
- Two‑car garage beneath the home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,151
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,020
$803.0K
Cap Rate 7%
$573,586
$573.6K
Cap Rate 9%
$446,122
$446.1K
Market Conditions
NOI Build-Up for 2,164 SF
Gross rent
$60.5K $27.96/SF
− Vacancy
−$3.1K −$1.45/SF
EGI
$57.4K $26.51/SF
− OpEx
−$17.2K −$7.95/SF
NOI
$40.2K $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 Rate 5%
$803,020
Cap Rate 7%
$573,586
Cap Rate 9%
$446,122
Alternative Uses
Best Use
Multifamily LT 5
$573.6K
$501.9K – $669.2K
NOI $40,151 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$531.1K
$464.7K – $619.6K
NOI $37,177 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$651.4K
$570.0K – $760.0K
NOI $45,598 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
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Business Placement
Demographics for 12603, NY
41,470
Population
17,468
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
31.9 sq mi
ZIP Area
1,300
Density / Sq Mi
$104,185
Median Household Income
$54,254
Median Earnings
$1,626
Median Rent
$342,000
Median Home Value
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Market
Properties on Market for Duplexes in Poughkeepsie
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper efficiency apartment has dedicated laundry and heat-pump heating and air conditioning.
Where is this duplex located?
The property is located at 69 Cedar Avenue Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $497,000.
What are key features of this property?
This property features: 2,164‑square‑foot duplex with a two‑bedroom main unit and an upstairs efficiency apartment; Built in 1968; Two‑car garage beneath the home
