MLS#1030135
STATUSActive
PROPERTY TYPECommercial -
SCHOOLPoughkeepsie City
Property Description
Income-producing multifamily opportunity delivering an 8.5% current cap rate, with potential to reach approximately 10.5% at pro forma rents. This 5-unit property features (1) 1-bedroom apartment, (2) 3-bedroom apartments, and (2) 4-bedroom apartments, generating $117,480 in current gross annual income. All tenants pay for heat, hot water, and electricity, while the landlord is responsible for water and sewer. The sale also includes a separately deeded 9-car parking lot, with one parking space for each unit, and every apartment has an in-unit washer/dryer hookup. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with meaningful room for future upside. An ideal opportunity for investors seeking a stable, income-producing asset in a prime Poughkeepsie location. Income & expense information available upon request.
Property Features
Property Type: Commercial -
Basement: Finished, Full, Walk-Out Access
Basement: Yes
Cooling: None
Heating: Baseboard, Natural Gas
Home Style: Row Dwelling
Lot Size: 0.14 Acres
Stories: 4.0
Taxes: $15,376
Year Built: 1900
Feature Descriptions
Building Area Total: 4488
Exterior: Brick
Heating Units: 5
On Market Date: 2026-08-07
Parcel Number: 131300-6061-36-962836-0000
Parking Features: Driveway, Off Street, Parking Lot
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 5
Separate Gas Meters: 5
Sewer: Public Sewer
Units: 5
Utilities: Natural Gas Connected
Water: Public
Local Schools
School District: Poughkeepsie City
Listed By / Shown By
Listing By
Agency Name: Serhant LLC
Agency Phone: 646-480-7665
Shown By
Agent Name: Sussan Sohayegh
Agent Phone: Cell: (516) 526-6650
Agency Title: Coldwell Banker American Homes
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10 Eastman Terrace | MLS# 1030135
This commercial property located at 10 Eastman Terrace , Poughkeepsie, NY 12601 is currently listed for sale with an asking price of $950,000. Eastman Terrace is located within the Poughkeepsie City school district. Search Poughkeepsie real estate on sussansohayegh.cbamhomes.com today.