About 58 Lincoln Avenue
High-Yield 3-Unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - ask about our 9 Door Package deal with this property. Investors, take advantage of this prime multi-family opportunity at 58 Lincoln Avenue, Poughkeepsie, NY 12601. This 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 |
| Sold Price | $500,000 |
| Date Sold | March 25th, 2026 |
| Bedrooms | 9 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 3,576 |
| Acres | 0.08 |
| Taxes | $8,973 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Closed |
Community Information
| Address | 58 Lincoln Avenue |
|---|---|
| City | Poughkeepsie |
| County | Dutchess County |
| State | NY |
| Zip Code | 12601 |
| Adult 55+ Community | No |
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 |
| Has Basement | Yes |
| Basement | Unfinished |
| Fireplace | No |
Exterior
| Exterior | Frame |
|---|
School Information
| District | Poughkeepsie City |
|---|
Additional Information
| Date Listed | April 1st, 2025 |
|---|---|
| Days on Market | 519 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Legacy Land & Homes LLC |
|---|