Poughkeepsie, NY 12601 58 Lincoln Avenue
$550,000



Home Details
High-Yield 3-Unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - ask about our 13 Door Package deal with this property.Investors, take advantage of this prime multi-family opportunity at 58 Lincoln Avenue, Poughkeepsie, NY 12601. This fully occupied 3-unit property features three spacious 3-bedroom apartments, currently generating $57,000 in gross annual income with a 7.53% cap rate. With below-market rents, this property offers immediate upside potential, reaching a 9.61% pro forma cap rate when adjusted to current market levels.Situated within walking distance to Vassar Brothers Medical Center, this location provides a steady tenant pool, making it an attractive and reliable income-producing asset. The property’s spacious units appeal to professionals, families, and students, ensuring long-term rental demand.Whether you're looking to expand your portfolio or secure a high-demand rental property in a growing market, 58 Lincoln Avenue offers immediate cash flow with strong future returns.Schedule a private tour today and capitalize on this income-generating investment!
Interior Features for 58 Lincoln Avenue
Bedrooms
Total Bedrooms9
Bathrooms
Total Baths3
Other Interior Features
General FeaturesOther
BasementUnfinished
Basement (Y/N)Yes
Basement FeaturesUnfinished
Interior AmenitiesOther
General for 58 Lincoln Avenue
Additional Parcels Y/NNo
AttributionContact845-206-9462
Building Area UnitsSquare Feet
Carport Y/NNo
CityPoughkeepsie
Construction MaterialsFrame
CoolingNone
CountyDutchess County
Full Baths3
Garage Y/NNo
Gross Income57000
HeatingNatural Gas, Other
High School DistrictPoughkeepsie City
Insurance Expense1507
Lot Size Square Feet3485
ModificationTimestamp2025-04-12T07:29:41.994Z
Number Of Units Total3
Operating Expense15565
Parcel Number131300-6061-36-906772-0000
PostalCityPoughkeepsie
Property Attached Y/NNo
Property SubtypeTriplex
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount8972.51
Tax Assessed Value370300
Tax Year2024
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Sewer Expense1846
Year Built1900
Exterior for 58 Lincoln Avenue
Building Area Total3576
Lot Size Acres0.08
Number of Separate Gas Meters3
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Gregory Berkowitz
Licensed Real Estate Salesperson