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48 Columbia St 5 Unit Apartment Building $899,000 ($179,800/Unit) 9.19% Cap Rate Poughkeepsie, NY 12601
Executive Summary
Turnkey investment opportunity delivering an 8.7% cap rate in Poughkeepsie’s Campus Development (CD) District. This well-maintained 5-unit mixed-use building features (3) 1-bedroom apartments, (1) 2-bedroom apartment, and 1 commercial space, just one block from Vassar Brothers Medical Center. The sale also includes a separately deeded 0.11-acre parking lot on Franklin Street, providing added convenience and long-term value for tenants. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with room for future upside. Financials available upon request—an ideal opportunity for investors seeking a stable, income-producing asset in a prime growth corridor.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$117,000
|
$20.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,000
|
$20.30
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$34,358
|
$5.96
|
| Net Operating Income |
$82,642
|
$14.34
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $117,000 |
| Annual Per SF | $20.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $117,000 |
| Annual Per SF | $20.30 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $34,358 |
| Annual Per SF | $5.96 |
| Net Operating Income | |
|---|---|
| Annual | $82,642 |
| Annual Per SF | $14.34 |
Property Facts
Amenities
Unit Amenities
- Cable Ready
- Ceiling Fans
- Breakfast Nook
- Built-In Bookshelves
- Deck
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 669 |
1 1
Property Taxes
| Parcel Number | 131300-6061-36-891827-0000 | Improvements Assessment | $489,300 (2024) |
| Land Assessment | $56,700 (2024) | Total Assessment | $546,000 (2024) |
Property Taxes
Parcel Number
131300-6061-36-891827-0000
Land Assessment
$56,700 (2024)
Improvements Assessment
$489,300 (2024)
Total Assessment
$546,000 (2024)
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48 Columbia St
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