89 S Cherry St Poughkeepsie, NY 12601
Estimated payment $3,606/month
Highlights
- Deck
- Private Lot
- Main Floor Bedroom
- Property is near public transit
- Wood Flooring
- Park or Greenbelt View
About This Home
PRIME 2-FAMILY INVESTMENT offers a Epic Opportunity for passive income or leverage into commercial. This 2-Family investment opportunity is sited on a huge double lot just shy of a quarter of an acre on the south side of Poughkeepsie. Perfect for the Owner Investor who lives in one unit while the rental income pays your mortgage. Unique property features that add value include private off street oversized parking lot for 8+ cars behind the home; private recessed driveway with gate on the left side of the Duplex could qualify for college housing and 12’ privacy evergreens with rare XL yard and additional green space behind the parking lot awaiting your vision of a greenhouse, hobby shed or additional parking spaces. This 6 bedroom 2 full bathrooms 2 kitchens 2508SF of living space, 1254SF of rentable attic non-living storage space. Total approximate square footage 5,016SF Easy conversion to 3-family passive income by converting attic into Studio/Loft or LEVERAGE into COMMERCIAL by expanding the building footprint constructing an addition onto the left side of the building adding more units (studios)The proposed expansion could be contained within the green buildable lot utilizing the pre-existing front and rear building envelope which would not interfere with the rear parking lot. Perfect for the builder or developer looking for land with built in infrastructure. Infinite options to GO BIG you won't regret adding this workhorse to your portfolio. Municipal gas water and sewer. Hardwood floors, 2019 new fence, 2018 new windows & attic insulation 2024 Taxes $12,582. Apartment A 4Bed/1Bath Apartment w/front porch; Apt B 2Bed/1Bath w/ front balcony sunroom 1254SF. Full walk up Attic/Loft/Studio 1254SF if rentable storage space Full walk out Basement with side entry door 1254SF has electric dryer hook up new mechanicals electric panels in 2015 Cute cherry blossom tree lined Street. Unlimited potential with something for everyone so don’t miss out FIRST TIME HOMEBUYERS as this homestead could seed your retirement fund! Highest and best use commercial redevelopment. Close to Rt#9, Hudson Valley Historical Attractions, Recreational Amenities, Culinary & Distillery Experiences, Vassar, Marist College and two HospitalsBuyers Choice:Own and occupy as landlord 2-Family passive income as investor3-Family w/ converted attic loft studio as builder6+Commercial as developer
Listing Agent
Oxford Property Group USA Brokerage Phone: 212-300-6412 License #10401306402 Listed on: 06/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,582
Year Built
- Built in 1920
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 78'x137'x78'x123'
- Private Lot
- Level Lot
- Back Yard Fenced and Front Yard
Home Design
- Duplex
Interior Spaces
- Ceiling Fan
- New Windows
- Double Pane Windows
- ENERGY STAR Qualified Windows
- Insulated Windows
- Formal Dining Room
- Wood Flooring
- Park or Greenbelt Views
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 6 Bedrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Home Security
- Home Security System
- Security Lights
- Storm Doors
- Fire and Smoke Detector
Parking
- Oversized Parking
- Private Parking
- Driveway
- Parking Lot
Outdoor Features
- Balcony
- Deck
- Covered Patio or Porch
- Rain Gutters
Location
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Heating System Uses Natural Gas
- Separate Meters
- Phone Available
Community Details
- 2 Units
- 3 Separate Electric Meters
- Building Fire Alarm
Listing and Financial Details
- Assessor Parcel Number 131300-6161-31-314870-0000
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 | $12,440 | $376,100 | $59,400 | $316,700 |
| 2023 | $12,440 | $354,800 | $59,400 | $295,400 |
| 2022 | $7,469 | $295,700 | $54,000 | $241,700 |
| 2021 | $7,263 | $244,400 | $54,000 | $190,400 |
| 2020 | $8,138 | $203,700 | $54,000 | $149,700 |
| 2019 | $7,931 | $185,200 | $54,000 | $131,200 |
| 2018 | $7,047 | $176,400 | $54,000 | $122,400 |
| 2017 | $5,809 | $168,000 | $54,000 | $114,000 |
| 2016 | $6,649 | $186,700 | $54,000 | $132,700 |
| 2015 | -- | $186,700 | $54,000 | $132,700 |
| 2014 | -- | $186,700 | $54,000 | $132,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $479,999 | +472.1% | $96 / Sq Ft |
| 09/01/2015 09/01/15 | Sold | $83,900 | -4.6% | $33 / Sq Ft |
| 07/10/2015 07/10/15 | Pending | -- | -- | -- |
| 05/20/2015 05/20/15 | For Sale | $87,900 | -- | $35 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $83,900 | -- | |
| Foreclosure Deed | $341,808 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $136,500 | Balloon | |
| Closed | $142,114 | Unknown | |
| Closed | $136,062 | FHA | |
| Previous Owner | $136,062 | New Conventional |
Source: OneKey® MLS
MLS Number: 874663
APN: 131300-6161-31-314870-0000
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