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$500,000
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Property Description
Turnkey Investment Opportunity! This 2-family home is fully occupied and generating $52,800 annually. It will provide reliable cash flow from day one. Included in the sale is the lot next door (3 Park Place, 131300-6162-71-320192-0000). Leased solar panels were installed in 2022 to keep electricity costs to the bare minimum of $60/month. Separate natural gas meters allow tenants to pay, which saves on the owner's monthly cost. The roof was replaced in 2022 when the panels were installed. Each unit offers 2 bedrooms, 1 bath, large kitchen, dining room, living room, and unit 2 has a den/office that leads to the balcony. With a shared washer and dryer, basement storage, plenty of parking, and a convenient location close to shopping, dining, schools, and major commuter routes, this property is designed for both tenant appeal and long-term value.
Full Property Details
Full Property Details for 1 Park Pl
General
- Price: $500,000
- Taxes: $7,350
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1022089
- Updated: 7/20/2026
- Added to Site: 40 day(s) ago
Interior
- Interior Features: Open Floorplan, Pantry
- Laundry Facilities: Yes
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Basement
Parking
- Parking Features: Off Street, Oversized, Private
Location
- County: Dutchess County
School Information
- High School District: Poughkeepsie City
- Elementary School: Morse Young Magnet School
- Middle School: Poughkeepsie Middle School
- High School: Poughkeepsie High School
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected
Structural Information
- Detached/Attached: Attached
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full Basement, Storage Space, Unfinished
- Building Size: 2500
- Square Feet: 2,500
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,614
Financial Considerations
- Tax Amount: $7,350
Disclosures and Reports
- Special Conditions: None
- Property ID: 131300-6162-71-319186-0000
Listed by RE/MAX Town & Country
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Schools
Schools serving 1 Park Pl
School District:Poughkeepsie City School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1 Park Pl
Date
Details
Price
Change
Source
7/17/2026
Listed
$500,000
880.39%
MLS
2/13/2014
Sold
$51,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1 Park Pl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,698
—
$306,200
16%
2025
$6,698
100%
$265,000
6%
2020
100%
$250,000
58%
2021
-100%
$158,400
21%
2021
$1,809
—
$130,900
20%
2021
$1,809
-46%
$109,100
20%
2020
$3,337
13%
$90,900
6%
2018
$2,960
1%
$85,800
—
2017
$2,919
-3%
$85,800
-4%
2016
$3,002
-23%
$89,400
-3%
2015
$3,909
6%
$92,200
-4%
2015
$3,685
117%
$96,000
-20%
2013
$1,702
—
$120,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1 Park Pl
1 Park Place, Poughkeepsie, NY 12601 (MLS# 1022089) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 1 Park Place is currently listed for $500,000 and was received on July 17, 2026. Want to learn more about 1 Park Place? Do you have questions about finding other Multi-Family real estate for sale in Poughkeepsie? You can browse all Poughkeepsie real estate or contact a Coldwell Banker agent to request more information.
