Movoto Real Estate
Sold on 02/26/2025
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138 Montgomery St, Poughkeepsie, NY 12601

  • $725,000

    Last sold 02/26/2025 after 78 Days

  • 5

    bed

  • 2

    bath

  • 2,000

    Sqft ($363/Sqft)

Multi-family not for sale
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About 138 Montgomery St

Property type Multi-family
Year built 1900
HOA fee $0/month
Lot size 0.49 Acre
Parking 26 garage spaces
Property description
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!
Listed by
Listing Agent - Justin M. LaFalce
Listing Office - KW MidHudson
Source: OneKey MLS mls logo
MLS#803985 • last updated 10 months ago
Movoto checked OneKey MLS for data 21 minutes ago
Overview
Cooling/AC None
Heating Baseboard, Natural Gas, Other
Levels/Style Colonial
MLS # 803985
SubType Quadruplex
Status Closed
Type Residential Income
Lot Size (SqFt) 21344
Lot Size (Acres) 0.49
Property Tax 10713.94
Tax Assessed Value 330000
Year Built 1900
Interior
Total # of Bathrooms 2
# of Full Baths 2
Total # of Bedrooms 5
Basement Unfinished
Interior Features Other
Exterior
Construction Frame
# Parking Spaces 35
# Garage Spaces 26
Amenities / Utilities
Utilities Cable Connected, Electricity Connected
Water Source Public
Location
County Dutchess County
Elementary School Gov George Clinton School
Middle School Poughkeepsie Middle School
High School District Poughkeepsie City
High School Poughkeepsie High School
APN 131300-6161-22-178928-0000
Multifamily Details
Expense: Trash 500
Operating Expense 29554
Expense: Maintenance 2246
Gross Income 94506
Expense: Fuel 3000
Expense: Other 2696
We are not permitted to show value estimates for this property.
  • Mar 2025
    mls logo MLS # 803985
  • Mar 26, 2025 Sold
    $725,000
  • Feb 26, 2025 Pending
  • Dec 10, 2024 Listed
    $745,000
  • Mar 2025
    Public Records
  • Mar 26, 2025 Sold
    $725,000 (-2.7%)
  • 138 Montgomery St
    $725K
  • 12601
    $359K +9% y/y
  • Poughkeepsie
    $380K +1% y/y
No chart available
Statistics calculated by Movoto

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2/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • 138 Montgomery St
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