89 S Cherry Street, Poughkeepsie, NY

$479,999

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6

Beds

2

Baths

5,016

Square feet

0.23

Acres

About 89 S Cherry Street

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 Hospitals Buyers Choice: Own and occupy as landlord 2-Family passive income as investor 3-Family w/ converted attic loft studio as builder 6+Commercial as developer

Features of 89 S Cherry Street

MLS® # 874663
Price $479,999
Bedrooms 6
Bathrooms 2.00
Full Baths 2
Internal Footage 5,016
Square Footage 10019
Acres 0.23
Year Built 1920
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 89 S Cherry Street
City Poughkeepsie
County Dutchess County
State NY
Zip Code 12601

Amenities

Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Parking Driveway, Oversized, Parking Lot, Private
View Park/Greenbelt
Is Waterfront No
Has Pool No

Interior

Interior Hardwood
Interior Features First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Formal Dining, Natural Woodwork, Original Details, Washer/Dryer Hookup
Heating Ducts, Forced Air, Natural Gas
Cooling Separate Meters, Wall/Window Unit(s)
Fireplace No
Has Basement Yes
Basement Full, Storage Space, Walk-Out Access

Exterior

Exterior Features Balcony, Rain Gutters
Lot Description Back Yard, Front Yard, Level, Near Public Transit, Near School, Near Shops, Private, See Remarks
Windows Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, New Windows
Construction Foam Insulation

School Information

District Poughkeepsie City

Additional Information

Date Listed June 9th, 2025
Days on Market 141
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofOxford Property Group USA
Contact Info212-300-6412

Listing Map

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