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65 Academy St

poughkeepsie, NY 12601

$795,000

    INTERESTED? LET'S CONNECT

    Welcome to an outstanding investment opportunity in the heart of Poughkeepsie, NY. This well-maintained five-unit apartment building combines charm, stability, and strong income potential — a rare find in today’s market. The property offers a desirable mix of units, including two spacious three-bedroom apartments, one comfortable two-bedroom apartment, and two studio apartments. This diverse layout appeals to a broad range of tenants and supports consistent occupancy. Ideally located, residents enjoy close proximity to Vassar College, Dutchess Community College, and Marist College, as well as shopping, restaurants, parks, and local schools. Commuters will appreciate convenient access to major highways and public transportation, including bus and train service to NYC, making this an attractive choice for those seeking both accessibility and a vibrant lifestyle. The building reflects clear pride of ownership and has been thoughtfully maintained. Three of the units were renovated approximately one year ago, enhancing both condition and rental appeal. Currently, four of the five units are occupied, and applications are being reviewed for the remaining three-bedroom unit, projected at $1,900 per month. With a strong local rental market and a prime location, this property offers reliable cash flow and meaningful long-term growth potential. Whether you are a seasoned investor or exploring your first multi-family purchase, this is a compelling opportunity in a consistently desirable area. Call now to schedule a private tour.

    Details

    5,912 Sq Ft

    5,663 Sq Ft Lot Size

    Commercial

    $19,027 Annual Tax

    Built in 1938

    MLS/Listing ID 963813

    5 Units

    Amenities & Features

    Carpet

    Heating - Oil

    Heating - Natural Gas

    Parking - Parking Lot

    Parking - On Street

    Refrigerator

    Oven

    Construction - Frame

    Natural Wood

    Linoleum

    estimate my mortgage

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