$7,363 Closing Credit¹
#H6335398, Listing Office: BHHS Hudson Valley Properties
$600,000 List price
1 Morgan Ave Poughkeepsie, NY 12601
$7,125
Closing credit¹
4 beds
4 full
0.10 acres
Multi-Family
Property details
About 1 Morgan Ave
Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! Extraordinary investment opportunity nestled in the heart of Poughkeepsie, New York. This 4 Family offers four 1-bedroom/1-bathroom units, fully occupied with a twelve-month rental history available for qualified buyers. Distinguished by a current 7.65 cap rate, with room to grow, pro forma at current market rent puts this over 9.74 cap rate! providing an exclusive advantage to the new owner—an opportunity to gradually increase rents, significantly magnifying your returns. Whether you're a seasoned investor or just entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!
Highlights
Home typeQuadruplex
HeatingNatural Gas, Radiant
StatusActive
BasementYes
Lot size0.1 Acres
Year built1920
ParkingOn Street
MLS #817405
Summary
- MLS Number: 817405
- MLS Name: ONEKEY2
- Office Name: Legacy Land & Homes LLC
- Office Phone: (845) 206-9462
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/12/2025, 2:11:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$600,000
1 Morgan Ave
$7,125
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 09, 2019 | Home Sold | $220,000 |
| Jun 12, 2015 | Home Sold | $195,000 |
| Apr 20, 2012 | Home Sold | $49,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $308,000 | $- |
| 2022 | $280,000 | $- |
| 2021 | $220,000 | $4,278 |
| 2020 | $220,000 | $4,278 |
| 2019 | $220,000 | $9,979 |
| 2018 | $220,000 | $12,284 |
| 2017 | $220,000 | $11,876 |
History based on county public records data.
Nearby schools
5
Warring Magnet Academy of Science and Technology
Public Magnet 1-5
0.1 mi
•283 Mansion St
4
Morse Young Magnet School
Public Magnet KG-6
0.6 mi
•101 Mansion St
2
Gov George Clinton School
Public District 1-5
0.8 mi
•100 Montgomery St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,973. Most Poughkeepsie, NY residents have annual incomes less than $<35k. Typical family type is single, with kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
59%
<35k
34%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
36%
Single, No Kids
40%
Single, with Kids
9%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
12%
12-17 yrs old
27%
18-34 yrs old
30%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Soccer- UFC
Where do the neighbors shop?
Burlington
Forever 21
Family Dollar
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
Burger King
What do the neighbors drive?
Dodge
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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This home is located at 1 Morgan Ave in Poughkeepsie, NY and zip code 12601. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 31, 2025 and is currently priced at $600,000.
Over 16 listings were sold over their listed price in February 2025 in Poughkeepsie, NY. In the same period over 15 listings were sold below the listed price and 7 listings were sold for the listed price. In February 2025 in Poughkeepsie, NY there were 12.5% less homes for sale than in January. Listings spent 54 days on the market in February 2025, and had a median list price of $386,708 during the same period.
From Rocket Homes Real Estate and based on county public records data.