761 Main Street, Poughkeepsie, NY

$850,000

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8,632

Square feet

0.14

Acres

About 761 Main Street

High-Yield 6-Unit Investment Property in the Town of Poughkeepsie. *1031 Exchange Buyers - ask about our 13 Door Package deal with this property. Unlock the potential of 761 Main Street, Poughkeepsie, NY 12603 a 6-unit rental property offering strong returns in a growing market. With a gross annual income of $116,364, this property currently operates at a 6.46% cap rate, with the ability to reach a 7.33% pro forma cap rate by bringing below-market rents in line with current market rates, one unit has already been adjusted. Each unit benefits from separate electric and gas meters, ensuring simplified management and efficient operations. Situated in a prime Main Street location, this property is within walking distance to local businesses, dining, and public transportation, making it a highly desirable rental opportunity. Investors will appreciate the strong cash flow and immediate value-add potential, making this an excellent option for those seeking both stability and upside in the Hudson Valley rental market. Schedule a private tour today and secure a high-performing investment property with significant growth potential!

Features of 761 Main Street

MLS® # 836843
Price $850,000
Bathrooms 0.00
Square Footage 8,632
Acres 0.14
Taxes $27,035
Year Built 1920
Type Commercial Sale
Status Active

Community Information

Address 761 Main Street
City Poughkeepsie
County Dutchess County
State NY
Zip Code 12603
Adult 55+ Community No

Amenities

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

Interior

Heating Hot Water
Cooling None
Has Basement Yes
Basement Unfinished
Fireplace No

School Information

District Arlington

Additional Information

Date Listed April 1st, 2025
Days on Market 103
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLegacy Land & Homes LLC
Contact Info845-206-9462

Listing Map

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