48 Columbia St - Apartments FOR SALE


Poughkeepsie, NY 12601
$950,000 USD
914-772-2603
48 Columbia St, Poughkeepsie, NY for Sale
$950,000 USD
Apartments - FOR SALE
1/33
null | 8.7% Cap Rate

48 Columbia St
Poughkeepsie, NY 12601


OVERVIEW

Turnkey investment opportunity delivering an 8.7% cap rate in Poughkeepsie’s Campus Development (CD) District. This well-maintained 5-unit mixed-use building features (3) 1-bedroom apartments, (1) 2-bedroom apartment, and 1 commercial space, just one block from Vassar Brothers Medical Center. The sale also includes a separately deeded 0.11-acre parking lot on Franklin Street, providing added convenience and long-term value for tenants. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with room for future upside. Financials available upon request—an ideal opportunity for investors seeking a stable, income-producing asset in a prime growth corridor.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

5

PRICE/UNIT

$190,000

CAP RATE

8.7%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Campus Development (CD)

APN/PARCEL ID

131300-6061-36-891827-0000

ASK ABOUT THIS PROPERTY

Jake GaraySerhantMore Info
914-772-2603

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Jake GaraySerhantMore Info
914-772-2603

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.