Listing Summary
CR Properties Group is pleased to exclusively present an exceptional multi-family investment opportunity located in the rapidly growing residential and commercial market of Poughkeepsie, New York.
Full Description
Turnkey 4-Unit Brick Multi-Family Building for Sale – 13 North Hamilton Street, Poughkeepsie, NY ($599,000)
Executive Real Estate Investment Summary
CR Properties Group is pleased to exclusively present an exceptional multi-family investment opportunity located in the rapidly growing residential and commercial market of Poughkeepsie, New York. Offered at $599,000, this beautiful 4-unit multi-family residence is located at 13 North Hamilton Street, Poughkeepsie, NY 12601.
Constructed with highly durable, timeless classic brick design, this 3,200 SF Class B residential building represents the perfect addition to any real estate investment portfolio. Featuring fully renovated units, upgraded infrastructure, and an unbeatable commuter-friendly location, this asset is primed to deliver strong, steady rental yields with minimal capital expenditure from day one.
Diversified Unit Mix & Premium Interior Renovations
One of the strongest value drivers of this 4-family property is its highly efficient layout and diversified unit configuration. The building caters to multiple high-demand tenant demographics, balancing affordable studio apartments with spacious, premium one-bedroom layouts.
Detailed Portfolio Configuration:
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Two (2) Studio Apartments (650± SF each): Thoughtfully designed, open-concept layouts that maximize space and functionality, making them highly attractive to young professionals, local hospital staff, and university students.
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Two (2) 1-Bedroom, 1-Bathroom Apartments (950± SF each): Generously sized units featuring large living rooms, private bedrooms, and independent layouts that command premium rental rates.
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Turnkey Renovation Package: Every apartment has been newly renovated with a chic, modern aesthetic. Upgrades include high-quality finishes, updated flooring, completely refreshed bathrooms, and sleek kitchens fully equipped with upgraded modern appliances.
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Low Maintenance Costs: The building's solid Class B brick construction acts as a natural insulator, drastically lowering long-term exterior maintenance overhead, protecting your structural equity, and optimizing net operating income (NOI).
Transit-Oriented Location & Effortless NYC Commuter Access
Logistics and geographic positioning are primary catalysts for rent appreciation in the Hudson Valley. This Hamilton Street asset stands out as a true commuter paradise, nestled just blocks from Poughkeepsie's primary transportation hubs and river crossings.
Direct Transportation Infrastructure:
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Poughkeepsie Train Station: Located just 5 minutes (1.3 miles) from the front door. This multi-modal hub provides direct, rapid pipeline access to New York City via the MTA Metro-North Hudson Line (straight into Grand Central Terminal) and Amtrak Express Service (straight into Penn Station), making it a goldmine for downstate hybrid remote workers.
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The Mid-Hudson Bridge: Accessible in just 4 minutes (1.1 miles), linking your tenants instantly to Highland, New Paltz, Ulster County, and the Interstate 87 (NYS Thruway) transport corridors.
Surrounding Regional Demand Generators & Economic Anchors
By investing in Poughkeepsie's central core, you are placing your asset within immediate proximity of major institutional anchors that feed a continuous, year-round pool of qualified tenants into the housing market.
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Elite Healthcare Institutions: Located close to Vassar Brothers Medical Center and Mid-Hudson Regional Hospital, ensuring a constant demand from traveling nurses, doctors, and medical technicians.
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Thriving Collegiate Corridor: Just minutes from Marist College, Vassar College, and the Culinary Institute of America (CIA), capturing a robust seasonal and long-term academic housing market.
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Urban Lifestyle & Dining: Tenants are within easy walking or driving distance of Poughkeepsie's booming waterfront district, the famous Walkway Over the Hudson, and an array of popular local breweries, coffee shops, and award-winning restaurants.
Detailed Transit & Location Matrix
| Key Landmark / Transit Link |
Estimated Commute Time |
Total Distance |
| Mid-Hudson Bridge |
4 Minutes |
1.1 Miles |
| Poughkeepsie Train Station |
5 Minutes |
1.3 Miles |
| Waterfront & Dining District |
Under 5 Minutes |
Regional Proximity |
Core Investment Highlights:
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Immediate Cash-Flow Yield: 4 fully ready, newly renovated apartments capable of capturing top-market rents from day one.
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Premium Upgrades: Stainless or modern upgraded appliances and updated layouts dramatically minimize near-term tenant turnover and repair costs.
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Durable Brick Asset Class: Class B structural rating with a 3,200 SF footprint provides long-term real estate stability.
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High-Demand Submarket: Poughkeepsie remains one of the most sought-after rental markets in Dutchess County due to its relative affordability and direct rail link to Manhattan.
Quick Glance
- Listing ID:
CL-New York-12661
- Status:
Active
- Year Build:
N/A
- Building Size:
3,200 SqFt
- Lot Size:
5,662 SqFt