761 Main Street, Poughkeepsie, NY 12603

Building Details

Year Built

1920

Listing agent CURTIS DARRAGH

Listing office LEGACY LAND & HOMES LLC c***@legacylandandhomes.com Show Phone

Listing date Jan 30, 2026

Source Corcoran

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Overview

This 6-unit rental property is located on Main Street in Poughkeepsie. The property generates a gross annual income of $114,564 and operates at a 7.50% cap rate. There is potential to reach an 8.06% pro forma cap rate by adjusting below-market rents to current market rates; one unit has already been adjusted. Each unit has separate electric and gas meters. The property is within walking distance of local businesses, dining, and public transportation. This property offers strong cash flow and immediate value-add potential.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Poughkeepsie

County

Dutchess

State

New York

Longitude

-73.9034

Latitude

41.6967

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FAQs

What type of property is this?

Apartment building - High-yield investment property with value-add potential in a prime location.

Where is this apartment building located?

The property is located at 761 Main Street Poughkeepsie, NY.

What is the asking price?

The asking price for this property is $785,000.

What are key features of this property?

This property features: High‑yield investment property with an impressive 7.50% cap rate.; Potential to increase cap rate to 8.06% by adjusting rents.; Gross annual income of $114,564.