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48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
48 Columbia Street
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$950,000

48 Columbia Street

5,763 Sq.Ft.

Description

Turnkey investment opportunity delivering an 8.7% cap rate in Poughkeepsie's Campus Development (CD) District. This well-maintained 5-unit mixed-use building features (3) 1-bedroom apartments, (1) 2-bedroom apartment, and 1 commercial space, just one block from Vassar Brothers Medical Center. The sale also includes a separately deeded 0.11-acre parking lot on Franklin Street, providing added convenience and long-term value for tenants. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with room for future upside. Financials available upon request--an ideal opportunity for investors seeking a stable, income-producing asset in a prime growth corridor.

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Location

48 Columbia Street, Poughkeepsie, NY 12601

Status

For Sale
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Schedule a Showing

I would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

I would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 48 Columbia Street, Poughkeepsie, NY 12601. We are reviewing your request and will be in touch shortly!
Jake Garay

Jake Garay

TITLE

Team Lead, Associate Real Estate Broker

Poughkeepsie

A historic and urban riverfront city dubbed the “The Queen City of the Hudson.” 

Property Amenities

Area & Lot
Lot Area 9,147.6 Sq.Ft.
Living area 5,763 Sq.Ft.
MLS® ID 883669
Year Built 1900
Type Commercial
Status For Sale
Exterior
Stories 2
Air conditioning Wall/Window Unit(s)
Heat type Baseboard, Electric, Natural Gas
Water Source Public
Sewer Public Sewer
Parking Driveway, Parking Lot
Lot Features Level, Paved
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected
Finance
Sales Price $950,000
Real Estate Tax $18,548 yearly
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To us, every relationship means so much more than a transaction. That's why our team strives to build strong, lasting relationships with each and every client that go beyond business. We understand what is at stake when finding your dream home, which is why we work closely with you every step of the way--making the otherwise overwhelming process completely stress-free.