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140-144 Union St 12 Unit Apartment Building $2,075,000 ($172,917/Unit) 6.79% Cap Rate Poughkeepsie, NY 12601
Executive Summary
Two beautiful brick buildings with 12 apartments located in the desirable Union Street neighborhood. This multifamily asset presents an exceptional opportunity for investors seeking stable rental demand in well-maintained properties. The buildings offer thoughtfully updated interiors and efficient layouts designed to maximize rental appeal. With a focus on tenant comfort, the property features bright gathering spaces, quality finishes, and reliable mechanicals that ensure operational continuity. This asset represents a blend of practical amenities and investment upside in a market that values turnkey housing solutions.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,075,000 | Building Class | C |
| Price Per Unit | $172,917 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 8,775 SF |
| Cap Rate | 6.79% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.46/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RND | ||
| Price | $2,075,000 |
| Price Per Unit | $172,917 |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,775 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2020 |
| Parking Ratio | 0.46/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RND |
Amenities
- Smoke Detector
Unit Amenities
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Stainless Steel Appliances
- Range
- Built-In Bookshelves
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 131300-6062-84-882064-0000 | Total Assessment | $618,000 |
| Land Assessment | $37,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $581,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
131300-6062-84-882064-0000
Land Assessment
$37,000
Improvements Assessment
$581,000
Total Assessment
$618,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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140-144 Union St
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