#822042, Listing Office: K. Fortuna Realty, Inc.
138 Montgomery St Poughkeepsie, NY 12601
Property details
About 138 Montgomery St
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!
Highlights
(Pending)
Summary
- MLS Number: 803985
- MLS Name: ONEKEY2
- Office Name: KW MidHudson
- Office Phone: (914) 962-0007
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Last updated on: 3/14/2025, 11:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$745,000
138 Montgomery St
$8,847
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $330,000 | $- |
2022 | $300,000 | $- |
2021 | $300,000 | $5,834 |
2020 | $300,000 | $5,834 |
2019 | $300,000 | $12,927 |
2018 | $300,000 | $13,633 |
2017 | $300,000 | $13,294 |
History based on county public records data.
Nearby schools
2
Gov George Clinton School
Public District 1-5
0.1 mi
•100 Montgomery St
4
Morse Young Magnet School
Public Magnet KG-6
0.6 mi
•101 Mansion St
5
Warring Magnet Academy of Science and Technology
Public Magnet 1-5
0.6 mi
•283 Mansion 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 $14,562. Most Poughkeepsie, NY residents have annual incomes less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
Similar homes for sale
This home is located at 138 Montgomery St in Poughkeepsie, NY and zip code 12601. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $745,000.
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. In February 2025, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $386,708.