$ 725,000 $ 745,000 2.7%

138 Montgomery ST

Poughkeepsie, NY 12601

  • 5 Beds
  • 2 Baths
    Full Baths: 2
  • 0.49 Lot Size
  • 1900 Year Built
OWNER FINANCING AVAILABLE! 138 Montgomery is a fully-occupied, income-producing asset offering a unique blend of residential and storage space with possible future development and room for expansion. The property includes a well-maintained two-family dwelling and 26 garages, providing steady cash flow from both residential and storage rental income. The two-family home consists of a 2-bedroom apartment and a 3-bedroom apartment, both currently under market. This property presents an excellent value-add opportunity. The two-family dwelling has tons of potential for increased rental income. Additionally, the 26 garages are currently leased below market value, creating an immediate opportunity to increase revenue by adjusting rental rates. With its solid tenant base and untapped potential, 138 Montgomery is a promising investment for those seeking both steady cash flow and future upside. Current gross income of close to $95k with plenty of room to grow! Municipal water, sewer and natural gas. Excellent location, in the heart of Downtown, minutes to the Culinary, Marist College, Walkway over the Hudson, Poughkeepsie Train Station, local shops, restaurants, schools and more!
Listed by KW MidHudson , Sold By United RE Hudson Valley Edge

PROPERTY DETAIL

  • Key Details

    Sold Price $725,0002.7%

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID 803985

    Sold Date 03/24/25

    Style Colonial

    Bedrooms 5

    Full Baths 2

    Rental Info No

    Year Built 1900

    Annual Tax Amount $10,713

    Lot Size 0.490 Acres

    Acres 0.49

    Property Sub-Type Quadruplex

    Source onekey2

  • Location

    State NY

    County Dutchess County

  • Rooms

    Basement Unfinished

  • Building

    Sewer Public Sewer

    Water Public

    Structure Type Frame

  • Interior

    Interior Features Other

    Heating Baseboard, Natural Gas, Other

    Cooling None

    Fireplace No

  • Exterior

    Garage Spaces 26.0

    Utilities Available Cable Connected, Electricity Connected

    Total Parking Spaces 35

    Garage false

    Private Pool No

  • Schools

    Elementary Schools Gov George Clinton School

    Middle Schools Poughkeepsie Middle School

    High Schools Poughkeepsie City

    School District Poughkeepsie City

  • Others

    Senior Community No

    Special Listing Condition None

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