1. New York
  2. Poughkeepsie
  3. 58 Lincoln Avenue
$550,000

58 Lincoln Avenue, Poughkeepsie, NY 12601

  • 9 beds |
  • 3 baths |
  • 3,576 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $154/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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!

Listing Status:
Active
Listing Office:
Legacy Land & Homes LLC : 845-206-9462
MLS ID:
837183
  • General: Other
  • Basement: Unfinished
  • A/C: None
  • Heating: Other

This listing courtesy of Legacy Land & Homes LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

G

Gov George Clinton School

100 Montgomery St, Poughkeepsie, NY, 12601

Grades 1-5

0.49 miles away

P

Poughkeepsie Middle School

55 College Ave, Poughkeepsie, NY, 12603

Grades 6-10

1.11 miles away

P

Poughkeepsie High School

70 Forbus St, Poughkeepsie, NY, 12603

Grades 9-12

1.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

77 Carroll Street, Poughkeepsie, NY 12601
Triplex For Sale

$490,000

  • 10 bed |
  • 3 bath |
  • 3,052 sqft |
  • 6,098 sqft lot
77 Carroll Street Poughkeepsie, NY 12601

#875679 - eXp Realty