58 Lincoln Ave Poughkeepsie, NY 12601
Estimated payment $3,491/month
About This Home
High-Yield 3-Unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - ask about our 9 Door Package deal with this property. Investors, take advantage of this prime multi-family opportunity at 58 Lincoln Avenue, Poughkeepsie, NY 12601. This 3-unit property features three spacious 3-bedroom apartments, currently generating $57,000 in gross annual income with a 7.53% cap rate. With below-market rents, this property offers immediate upside potential, reaching a 9.61% pro forma cap rate when adjusted to current market levels. Situated within walking distance to Vassar Brothers Medical Center, this location provides a steady tenant pool, making it an attractive and reliable income-producing asset. The property’s spacious units appeal to professionals, families, and students, ensuring long-term rental demand. Whether you're looking to expand your portfolio or secure a high-demand rental property in a growing market, 58 Lincoln Avenue offers immediate cash flow with strong future returns. Schedule a private tour today and capitalize on this income-generating investment!
Listing Agent
Legacy Land & Homes LLC Brokerage Phone: 845-206-9462 License #10491202162 Listed on: 04/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,973
Year Built
- Built in 1900
Lot Details
- 3,485 Sq Ft Lot
Home Design
- Triplex
- Frame Construction
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Natural Gas Connected
Additional Features
- Unfinished Basement
Community Details
- 3 Units
- 3 Separate Gas Meters
Listing and Financial Details
- Assessor Parcel Number 131300-6061-36-906772-0000
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,364 | $370,300 | $44,600 | $325,700 |
| 2023 | $8,797 | $352,700 | $44,600 | $308,100 |
| 2022 | $7,521 | $293,900 | $40,500 | $253,400 |
| 2021 | $7,403 | $249,100 | $40,500 | $208,600 |
| 2020 | $6,655 | $216,600 | $40,500 | $176,100 |
| 2019 | $6,176 | $180,500 | $40,500 | $140,000 |
| 2018 | $5,900 | $170,300 | $40,500 | $129,800 |
| 2017 | $5,795 | $170,300 | $40,500 | $129,800 |
| 2016 | $5,719 | $170,300 | $40,500 | $129,800 |
| 2015 | -- | $170,300 | $40,500 | $129,800 |
| 2014 | -- | $170,300 | $40,500 | $129,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/18/2025 08/18/25 | Price Changed | $525,000 | -4.5% | $147 / Sq Ft | |
| 04/01/2025 04/01/25 | For Sale | $550,000 | +205.6% | $154 / Sq Ft | |
| 02/01/2018 02/01/18 | Sold | $180,000 | 0.0% | $50 / Sq Ft | View Prior Sale |
| 09/22/2017 09/22/17 | Sold | $180,000 | -4.8% | $50 / Sq Ft | View Prior Sale |
| 09/15/2017 09/15/17 | Pending | -- | -- | -- | |
| 05/25/2017 05/25/17 | For Sale | $189,000 | 0.0% | $53 / Sq Ft | |
| 03/10/2017 03/10/17 | Pending | -- | -- | -- | |
| 03/10/2017 03/10/17 | For Sale | $189,000 | -- | $53 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $25,000 | -- | |
| Quit Claim Deed | $25,000 | -- | |
| Deed | $183,673 | -- | |
| Deed | $183,673 | -- | |
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Deed | $130,500 | Stephen J Christian | |
| Deed | $130,500 | Stephen J Christian |
Source: OneKey® MLS
MLS Number: 837183
APN: 131300-6061-36-906772-0000
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Copyright 2025 OneKey® MLS. All rights reserved.
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