Seller's Agent in 2024
Ryan Arket
Compass Greater NY, LLC
(845) 590-2919
5 in this area
60 Total Sales
31 Holmes St Poughkeepsie, NY 12601
4
Beds
4
Baths
2,332
Sq Ft
2,332
Sq Ft Lot
About This Home
As of August 2024Investment 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.
Last Agent to Sell the Property
Compass Greater NY, LLC Brokerage Phone: (914) 238-0676 License #10301213279 Listed on: 02/21/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,247
Year Built
- Built in 1900
Lot Details
- 2,332 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- On-Street Parking
Home Design
- 2,332 Sq Ft Home
- Brick Exterior Construction
- Frame Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Schools
- G W Krieger Elementary School
- Poughkeepsie Middle School
- Poughkeepsie High School
Utilities
- No Cooling
- Heating System Uses Steam
- Heating System Uses Natural Gas
Additional Features
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 131300-6161-37-110745-0000
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 1 Separate Gas Meter
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Sold | $440,000 | -6.4% | $189 / Sq Ft |
| 05/30/2024 05/30/24 | Pending | -- | -- | -- |
| 05/24/2024 05/24/24 | Price Changed | $470,000 | -6.0% | $202 / Sq Ft |
| 05/16/2024 05/16/24 | Price Changed | $499,900 | -4.8% | $214 / Sq Ft |
| 03/11/2024 03/11/24 | Price Changed | $525,000 | -4.5% | $225 / Sq Ft |
| 02/21/2024 02/21/24 | For Sale | $550,000 | -- | $236 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $12,041 | $320,300 | $44,600 | $275,700 |
| 2023 | $23,085 | $308,000 | $44,600 | $263,400 |
| 2022 | $10,107 | $280,000 | $40,500 | $239,500 |
| 2021 | $9,737 | $240,000 | $40,500 | $199,500 |
| 2020 | $9,480 | $220,000 | $40,500 | $179,500 |
| 2019 | $9,650 | $220,000 | $40,500 | $179,500 |
| 2018 | $7,499 | $165,000 | $40,500 | $124,500 |
| 2017 | $7,312 | $165,000 | $40,500 | $124,500 |
| 2016 | $6,892 | $165,000 | $40,500 | $124,500 |
| 2015 | -- | $165,000 | $40,500 | $124,500 |
| 2014 | -- | $221,300 | $40,500 | $180,800 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Arket
-
Justin LaFalce
Buyer's Agent in 2024
Justin LaFalce
KW MidHudson
(845) 227-4400
91 in this area
339 Total Sales
Map
Source: OneKey® MLS
MLS Number: KEY6289666
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.
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