1 Morgan Ave Poughkeepsie, NY 12601
Estimated payment $4,023/month
About This Home
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!
Listing Agent
Legacy Land & Homes LLC Brokerage Phone: 845-206-9462 License #10491202162 Listed on: 02/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,247
Year Built
- Built in 1920
Lot Details
- 4,356 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Quadruplex
- Frame Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Schools
- Warring Magnet Acad Of Sci & Tech Elementary School
- Poughkeepsie Middle School
- Poughkeepsie High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Radiant Heating System
Additional Features
- Unfinished Basement
Community Details
- 4 Units
- 4 Separate Gas Meters
Listing and Financial Details
- Assessor Parcel Number 131300-6162-72-453138-0000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 02/01/2025 02/01/25 | For Sale | $600,000 | +172.7% | $116 / Sq Ft |
| 07/29/2019 07/29/19 | Sold | $220,000 | -8.3% | $43 / Sq Ft |
| 07/15/2019 07/15/19 | Pending | -- | -- | -- |
| 05/04/2019 05/04/19 | For Sale | $239,900 | +23.0% | $46 / Sq Ft |
| 05/17/2015 05/17/15 | Sold | $195,000 | -9.7% | $38 / Sq Ft |
| 04/08/2015 04/08/15 | Pending | -- | -- | -- |
| 07/02/2014 07/02/14 | For Sale | $216,000 | +332.9% | $42 / Sq Ft |
| 04/02/2012 04/02/12 | Sold | $49,900 | 0.0% | $10 / Sq Ft |
| 03/01/2012 03/01/12 | Pending | -- | -- | -- |
| 02/17/2012 02/17/12 | For Sale | $49,900 | -- | $10 / Sq Ft |
Source: OneKey® MLS
MLS Number: 817405
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