40 S Hamilton Street, Poughkeepsie, NY 12601
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
40 S Hamilton Street,Poughkeepsie, NY 12601
$624,900
- - Beds
- - Baths
- 6,900 sq. ft.
- Multi-family
- Active
Listed by: jorge lugo
Office: real broker ny llc.
MLS#:1045579
Source:OneKey MLS
Price summary
- Price:$624,900
- Price per sq. ft.:$90.57
About this home
Investment Opportunity – High Cash Flow Property in the Heart of Poughkeepsie
Presenting 40 S. Hamilton Street, a rare opportunity to acquire a proven income-producing property in the City of Poughkeepsie. This property has been approved to be a three-story single-family home, veterans rooming house, or converted into a 4-unit multifamily property. Coin operated laundry also included in the basement. The property has demonstrated strong and consistent performance, strong cashflow potential with a motivated seller.
Residents enjoy access to shared common areas including a communal kitchen, lounge, and hallway facilities on each floor, creating a practical and cost-effective housing solution for tenants.
Situated on a generous lot, the property features a large rear driveway with ample off-street parking, a valuable amenity for both tenants and management. A substantial basement provides additional storage space and operational flexibility.
Beyond its current performance, there are multiple avenues for future upside. The combination of potential, parking, storage, and future value-add makes this an attractive acquisition for both experienced and aspiring investors. Additionally, there is a small parking lot additional potential in the rear of the building.
Whether you're looking to expand your portfolio with a stabilized asset or capitalize on redevelopment and repositioning opportunities, 40 S. Hamilton Street offers a compelling blend of cash flow, flexibility, and long-term potential in a growing rental market....
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Home facts
- Year built:1890
- Listing ID #:1045579
- Added:68 day(s) ago
- Updated:November 09, 2026 at 12:17 PM
Rooms and interior
- Basement:Yes
- Basement Description:Full, Partially Finished
- Living area:6,900 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1890
- Building area:6,900 sq. ft.
- Lot area:0.34 Acres
- Construction Materials:Brick
Schools
- High school:Poughkeepsie High School
- Middle school:Poughkeepsie Middle School
- Elementary school:Gov George Clinton School
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$624,900
- Price per sq. ft.:$90.57
- Tax amount:$17,940 (2025)
Parking
- Parking description:Driveway
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