40 S Hamilton St Poughkeepsie, NY 12601
Property details
About 40 S Hamilton St
BEAUTIFUL, HISTORIC POUGHKEEPSIE BUILDING CURRENTLY BEING UTILIZED AS AN SRO PROVIDING UNIQUE OPPORTUNITY FOR FUTURE INVESTMENT ENHANCEMENT. A rare opportunity to own a SRO in downtown Poughkeepsie, offering 9 units, including 9 bedrooms, 7 full bathrooms, and 2 half bathrooms. The property features a large shared kitchen, formal dining and living rooms, and a management office. Recent upgrades include a brand-new sprinkler system, updated electrical and plumbing, and coin-operated laundry generating $3,500 annually. With a parking lot at the rear of the property offering space for up to 5 cars with ample opportunity, there is additional income potential. Currently generating $97,000 annually in rental income, this property is steps from Metro North, shopping, and major transport hubs. Sold as-is, with the potential for value growth with a little TLC. Perfect for investors seeking a high-cash-flow asset in a prime location. Schedule your showing today!
Highlights
Summary
- MLS Number: 840027
- MLS Name: ONEKEY2
- Office Name: The Select Team, LLC
- Office Phone: (914) 825-5938
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Last updated on: 4/3/2025, 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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$749,999
40 S Hamilton St
$8,906
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Oct 23, 2009 | Home Sold | $312,500 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $490,100 | $- |
2022 | $445,500 | $- |
2021 | $428,400 | $8,332 |
2020 | $420,000 | $8,332 |
2019 | $400,000 | $17,642 |
2018 | $225,000 | $10,225 |
2017 | $225,000 | $9,971 |
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. Residents of Poughkeepsie, NY typically earn less than $<35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
Frequently asked questions
About 40 S Hamilton St
This home is located at 40 S Hamilton St in Poughkeepsie, NY and zip code 12601. This 4,238 square foot home, which was built in 1891, sits on a 0.34 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since March 31, 2025 and is currently priced at $749,999.
In March 2025, from all listings sold in Poughkeepsie, NY there were more than 19 sold above asking price, over 22 sold below and more than 8 were sold right at the asked price. Between February and March 2025, Poughkeepsie, NY real estate market has seen increase in the number of listings by 2.6%. The median list price of listings available in March 2025 was $390,000, while the average time on the real estate market was 64 days.