5-Unit Apartment
New
For Sale
$799,000
89 Market Street, Poughkeepsie, NY 12601
Two connected buildings offer varied apartment layouts, including a ground-floor home with handicap-accessible features.
Property SizeContact for details
Days on Market4
Property Features for 89 Market Street
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Financials
Cap Rate
9.2%
Gross Income
$105,000
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,821
Amenities
Central air
Corner Lot
Central Air Cooling
Heat Pump Heating
Natural Gas Heating
Off Street
Parking Lot
Building Details
Year Built
1900
Listing Agency:
RE/MAX TOWN & COUNTRY
(845) 765-6128
Listed By:
MICHAEL DUNSTAN · License #10401295049
(914) 489-9325
Source:
Corcoran
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 8:41AM
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 RE/MAX TOWN & COUNTRY
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Investment Insights
Based on property information with market context.
This five-unit multifamily property comprises a main building on Noxon Street and an attached building on Market Street. The main building contains three apartments, including a two-bedroom, one-bath ground-floor unit with handicap-accessible features. Its two upper apartments have living rooms, kitchens, and half baths on the main level, with bedrooms and full bathrooms upstairs; one has two bedrooms and the other has three. Newer gas on-demand systems provide heat and hot water in these units. The Market Street building contains a three-bedroom, one-bath apartment and a one-bedroom, one-bath apartment, both with air conditioning and heat pumps for heating and cooling. Built in 1900, the property is fully occupied and has a 9.2% current cap rate with approximately $105,000 in annual gross rental income.
The property is at the corner of Market Street and Noxon Street in Poughkeepsie, near shopping, dining, Metro-North service, and Route 9. Parking includes three spaces beside the building and room for approximately two more vehicles in front. Tenants pay for heat, hot water, and electric; the landlord covers water, sewer, and garbage.
The property is at the corner of Market Street and Noxon Street in Poughkeepsie, near shopping, dining, Metro-North service, and Route 9. Parking includes three spaces beside the building and room for approximately two more vehicles in front. Tenants pay for heat, hot water, and electric; the landlord covers water, sewer, and garbage.
Key Highlights
- Five apartments across two connected buildings
- 9.2% current cap rate and approximately $105,000 in annual gross rental income
- Fully occupied; tenants pay heat, hot water, and electric
Property Analytics
Who owns this building?
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Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,997
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
Properties on Market for Apartment buildings in Dutchess County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two connected buildings offer varied apartment layouts, including a ground-floor home with handicap-accessible features.
Where is this apartment building located?
The property is located at 89 Market Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Five apartments across two connected buildings; 9.2% current cap rate and approximately $105,000 in annual gross rental income; Fully occupied; tenants pay heat, hot water, and electric
