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31 Holmes Street

Poughkeepsie, NY 12601

4 beds
4 baths
– sqft
2,332 sqft lot
1900 build
– on site

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Investment opportunity awaits at this south side Poughkeepsie four-unit. If you’re looking to take advantage of the new FHA owner-occupied investment property guidelines, this is a great opportunity to live in one unit while the other three rent rolls can help carry the mortgage. Currently, the building is fully leased but one unit can be delivered vacant if that is the preference. The property has room for expansion and features four one-bedroom, one-bathroom units, all separately metered electric. The current rent brings in an annual gross income of $48,000 ($1k/month each unit). All rents are below market value, which could be increased in the future to further increase the cap rate. Situated conveniently near the Poughkeepsie Tennis Club, Vassar Hospital, Route 9, and the Poughkeepsie Metro North Station, this property is ready for its new owner.

Listing courtesy of ONEKEY / Compass Greater NY, LLC

Last checked: Checking… • Last updated Feb 12, 2025 •

MLS# H6289666 —

The Building

Year Built:

1900
Basement:

true
Construction Materials:

Brick, Frame
# of Total Units:

4
Building Area Total:

2332
Building Area Source:

Public Records

The Property

Lot Features:

Level
Lot Size Area:

0.0535
Parcel Number:

131300-6161-37-110745-0000
Property Type:

Residential Income
Property Subtype:

Quadruplex
Lot Size SqFt:

2,332 Sqft
Property Attached:

false
Sprinkler System:

No
Additional Parcels:

No
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Source:

Municipality
Tax Annual Amount:

10247

Beds

Total Bedrooms:

4

Baths

Full Baths:

4
Total Baths:

4

Heating & Cooling

Heating:

Natural Gas, Steam
Cooling:

None

Utilities

Sewer:

Public Sewer
Utilities:

Trash Collection Public
Water Source:

Public
Electric Company:

Central Hudson
# of Separate Gas Meters:

1
# of Separate Electric Meters:

4

Appliances

Appliances:

Electric Water Heater

Schools

High School:

Poughkeepsie High School
Elementary School:

G W Krieger School
High School District:

Poughkeepsie City
Middle School:

Poughkeepsie Middle School

The Community

Association:

false
Seasonal:

No
Senior Community:

false
Additional Fees:

No

Parking

Parking Features:

On Street

Explore the Area

My Commute

From

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/9/24 Aug 9, 2024	Sold	ONEKEY	$440,000

Multifamily Sold on 8/9/2024

$440,000

Listing provided by broker:

Ryan Arket

Compass Greater NY, LLC

(914) 238-0676

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Listing Courtesy of: ONEKEY and Compass Greater NY, LLC.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

31 Holmes Street

Poughkeepsie, NY 12601