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!
For sale
$600,000
1 Morgan Avenue, Poughkeepsie, NY 12601
4beds
5,160sqft
Quadruplex, Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$116/sqft
$-- HOA
What's special
- 122 days
- on Zillow |
- 161 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: April 12, 2025 at 12:12am
Listing by:
Legacy Land & Homes LLC 845-206-9462,
Curtis Darragh 845-518-7526
Source: OneKey® MLS,MLS#: 817405

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Radiant, Other
Cooling
- None
Features
- Other
- Basement: Unfinished
- Attic: Unfinished
Interior area
- Total structure area: 5,160
- Total interior livable area: 5,160 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 4,356 Square Feet
- Features: Near School
Details
- Parcel number: 1313006162724531380000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Condition
- Year built: 1920
Utilities & green energy
- Gas: Separate Gas Meters: 4
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Trash Collection Public
Community & HOA
Location
- Region: Poughkeepsie
Financial & listing details
- Price per square foot: $116/sqft
- Tax assessed value: $280,000
- Annual tax amount: $10,247
- Date on market: 2/1/2025
- Listing agreement: Exclusive Right To Sell
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