About 1 Morgan Avenue
Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! *1031 Exchange Buyers - ask about our 13 Door Package deal with this property. Extraordinary investment opportunity nestled in the heart of Poughkeepsie, New York. This 4 Family offers four 1-bedroom/1-bathroom units, fully occupied with a twelve-month rental history available for qualified buyers. Distinguished by a current 7.65 cap rate, with room to grow, pro forma at current market rent puts this over 9.74 cap rate! providing an exclusive advantage to the new owner—an opportunity to gradually increase rents, significantly magnifying your returns. Whether you're a seasoned investor or just entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!
Features of 1 Morgan Avenue
| MLS® # | 817405 |
|---|---|
| Price | $600,000 |
| Sold Price | $550,000 |
| Date Sold | October 15th, 2025 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 5,160 |
| Acres | 0.10 |
| Taxes | $10,247 |
| Year Built | 1920 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Closed |
Community Information
| Address | 1 Morgan Avenue |
|---|---|
| City | Poughkeepsie |
| County | Dutchess County |
| State | NY |
| Zip Code | 12601 |
| Adult 55+ Community | No |
Amenities
| Utilities | Trash Collection Public |
|---|---|
| Parking | On Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Natural Gas, Radiant, Other |
| Cooling | None |
| Has Basement | Yes |
| Basement | Unfinished |
| Fireplace | No |
Exterior
| Lot Description | Near School |
|---|---|
| Exterior | Frame |
School Information
| District | Poughkeepsie City |
|---|---|
| Elementary | Warring Magnet Acad Of Sci & Tech |
| Middle | Poughkeepsie Middle School |
| High | Poughkeepsie High School |
Additional Information
| Date Listed | January 31st, 2025 |
|---|---|
| Days on Market | 578 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Legacy Land & Homes LLC |
|---|