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$500,000
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Property Description
High-Yield 3-Unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - ask about our 9 Door Package deal with this property. Investors, take advantage of this prime multi-family opportunity at 58 Lincoln Avenue, Poughkeepsie, NY 12601. This 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!
Full Property Details
Full Property Details for 58 Lincoln Ave
General
- Sold For: $500,000
- Taxes: $8,972
- Status: Closed
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 837183
- Added to Site: 373 day(s) ago
Interior
- Interior Features: Other
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Location
- County: Dutchess County
School Information
- High School District: Poughkeepsie City
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Unfinished
- Building Size: 3576
- Square Feet: 3,576
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,485
Financial Considerations
- Tax Amount: $8,972.51
Disclosures and Reports
- Special Conditions: None
- Property ID: 131300-6061-36-906772-0000
Listed by Legacy Land & Homes LLC
Sold by Moorstone Real Estate
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Schools
Schools serving 58 Lincoln Ave
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 58 Lincoln Ave
Date
Details
Price
Change
Source
3/25/2026
Sold
$500,000
-4.76%
MLS
8/18/2025
Price Reduced
$525,000
-4.55%
MLS
4/01/2025
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
58 Lincoln Avenue, Poughkeepsie, NY 12601 (MLS# 837183) is a Multi-Family property that was sold at $500,000 on March 25, 2026. Want to learn more about 58 Lincoln Avenue? 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.
