58 Lincoln Avenue, Poughkeepsie, NY

$525,000

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9

Beds

3

Baths

3,576

Square feet

0.08

Acres

About 58 Lincoln Avenue

High-Yield 3-Unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - ask about our 13 Door Package deal with this property. Investors, take advantage of this prime multi-family opportunity at 58 Lincoln Avenue, Poughkeepsie, NY 12601. This fully occupied 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!

Features of 58 Lincoln Avenue

MLS® # 837183
Price $525,000
Bedrooms 9
Bathrooms 3.00
Full Baths 3
Internal Footage 3,576
Square Footage 3485
Acres 0.08
Year Built 1900
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 58 Lincoln Avenue
City Poughkeepsie
County Dutchess County
State NY
Zip Code 12601

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior

Interior Features Other
Heating Natural Gas, Other
Cooling None
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Construction Frame

School Information

District Poughkeepsie City

Additional Information

Date Listed April 1st, 2025
Days on Market 212
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofLegacy Land & Homes LLC
Contact Info845-206-9462

Listing Map

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