Poughkeepsie, NY 12601 1 Morgan Avenue
$600,000
Pending

Home Details
Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! *1031 Exchange Buyers - ask about our 13 Door Package deal with this property. Extraordinary investment opportunity nestled in the heart of Poughkeepsie, New York. This 4 Family offers four 1-bedroom/1-bathroom units, fully occupied with a twelve-month rental history available for qualified buyers. Distinguished by a current 7.65 cap rate, with room to grow, pro forma at current market rent puts this over 9.74 cap rate! providing an exclusive advantage to the new owner—an opportunity to gradually increase rents, significantly magnifying your returns. Whether you're a seasoned investor or just entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!
Interior Features for 1 Morgan Avenue
Bedrooms
Total Bedrooms4
Bathrooms
Total Baths4
Other Interior Features
General FeaturesOther
BasementUnfinished
Basement (Y/N)Yes
Basement FeaturesUnfinished
Interior AmenitiesOther
General for 1 Morgan Avenue
Additional Parcels Y/NNo
AttributionContact845-206-9462
Building Area UnitsSquare Feet
Carport Y/NNo
CityPoughkeepsie
Construction MaterialsFrame
CoolingNone
CountyDutchess County
Elementary SchoolWarring Magnet Acad Of Sci & Tech
Elementary School DistrictPoughkeepsie City
Full Baths4
Garage Y/NNo
HeatingNatural Gas, Radiant, Other
High SchoolPoughkeepsie High School
High School DistrictPoughkeepsie City
Lot Size Square Feet4356
Middle/Junior High SchoolPoughkeepsie Middle School
Middle/Junior School DistrictPoughkeepsie City
ModificationTimestamp2025-07-01T07:04:38.856Z
Number Of Units Total4
Parcel Number131300-6162-72-453138-0000
PostalCityPoughkeepsie
Property Attached Y/NNo
Property SubtypeQuadruplex
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount10247
Tax Assessed Value280000
Tax Year2023
UtilitiesTrash Collection Public
Water Sewer Expense1710
Year Built1920
Exterior for 1 Morgan Avenue
Building Area Total5160
Lot FeaturesNear School
Lot Size Acres0.1
Number of Separate Gas Meters4
Parking FeaturesOn Street
Parking FeaturesOn Street
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Poughkeepsie Middle School
High School
Poughkeepsie High School
Elementary School
Warring Magnet Acad Of Sci & Tech Elementary School
Gregory Berkowitz
Licensed Real Estate Salesperson