138 Montgomery Street
Poughkeepsie, NY 12601
- 5 beds
- 2 baths
- 2,000 sqft
- ~1/2 acre lot
- $362 per sqft
- 1900 build
- – on site
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OWNER FINANCING AVAILABLE! 138 Montgomery is a fully-occupied, income-producing asset offering a unique blend of residential and storage space with possible future development and room for expansion. The property includes a well-maintained two-family dwelling and 26 garages, providing steady cash flow from both residential and storage rental income. The two-family home consists of a 2-bedroom apartment and a 3-bedroom apartment, both currently under market. This property presents an excellent value-add opportunity. The two-family dwelling has tons of potential for increased rental income. Additionally, the 26 garages are currently leased below market value, creating an immediate opportunity to increase revenue by adjusting rental rates. With its solid tenant base and untapped potential, 138 Montgomery is a promising investment for those seeking both steady cash flow and future upside. Current gross income of close to $95k with plenty of room to grow! Municipal water, sewer and natural gas. Excellent location, in the heart of Downtown, minutes to the Culinary, Marist College, Walkway over the Hudson, Poughkeepsie Train Station, local shops, restaurants, schools and more!
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Last updated Mar 26, 2025
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MLS# 803985 —
The Building
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Year Built:1900
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Basement:true
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Architectural Style:Colonial
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Construction Materials:Frame
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# of Total Units:3
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Building Area Units:Square Feet
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Building Area Total:2000
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Building Area Source:Other
Interior
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Interior Features:Other
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Fireplace:false
The Property
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Lot Size Acres:0.49
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Parcel Number:131300-6161-22-178928-0000
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Lot Size SqFt:21,344 Sqft
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Property Attached:false
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (845) 224-5792
- Office phone:
- (914) 962-0007
Taxes
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Tax Year:2024
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Tax Source:Municipality
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Tax Annual Amount:10713.94
Beds
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Total Bedrooms:5
Baths
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Full Baths:2
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Total Baths:2
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Baseboard, Natural Gas, Other
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Cooling:None
Utilities
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Sewer:Public Sewer
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Utilities:Cable Connected, Electricity Connected
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Water Source:Public
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Electric Company:Central Hudson
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Water Sewer Expense:751
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# of Separate Gas Meters:2
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# of Separate Electric Meters:3
Schools
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High School:Poughkeepsie High School
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Elementary School:Gov George Clinton School
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High School District:Poughkeepsie City
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Middle School:Poughkeepsie Middle School
The Community
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Senior Community:false
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Pool Private:false
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Trash Expense:500
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Maintenance Expense:2246
Parking
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Parking Total:35
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Garage:false
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Garage Spaces:26
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/25
Mar 24, 2025
|
Sold | ONEKEY | $725,000 | -2.7% |
|
2/26/25
Feb 26, 2025
|
Pending | ONEKEY | $745,000 | |
|
12/10/24
Dec 10, 2024
|
Listed / Active | ONEKEY | $745,000 |
