Daniel Maggi
REALTOR®
MLS#1069605
STATUSActive
PROPERTY TYPECommercial -
SCHOOLPoughkeepsie City
Property Description
Welcome to this income-producing multifamily opportunity delivering an estimated 9.2% current cap rate and generating approximately $105,000 in annual gross rental income. This well-maintained, fully occupied five-unit property is located at the corner of Market Street and Noxon Street in Poughkeepsie. Tenants pay for heat, hot water and electric, the landlord pays water, sewer and garbage.The main building on Noxon Street contains three apartments. The first-floor apartment is handicap-accessible and offers two bedrooms and one bathroom. The two upper apartments each feature a living room, kitchen, and half bath on the main level, with a walk-up to the bedrooms and a full bathroom upstairs. One has two bedrooms and the other has three. These apartments have newer gas on-demand systems for heat and hot water.The attached Market Street building has two apartments: a three-bedroom, one-bath unit and a one-bedroom, one-bath unit. Both feature air conditioning and heat pumps for heating and cooling.Parking includes three spaces beside the building, with room for approximately two additional vehicles in front. The property is conveniently located near shopping, dining, Metro-North service, and Route 9.Don't miss this opportunity to own a well-maintained, fully occupied five-unit property in a convenient Poughkeepsie location.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Full
Cooling: Central Air
Heating: Heat Pump, Natural Gas
Lot Size: 0.16 Acres
Stories: 3.0
Taxes: $11,821
Year Built: 1900
Feature Descriptions
Accessibility: Accessible Approach with Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Full Bath
Building Area Total: 5037
Building Features: Walk Up
Cap Rate: 9
Exterior: Frame
Lot Features: Corner Lot
On Market Date: 2026-11-03
Parcel Number: 131300-6061-28-996990-0000
Parking Features: Off Street, Parking Lot
Parking Total: 5
Property Attached Y/N: 1
Rental Term: Monthly
Security Features: Smoke Detector(s)
Separate Electric Meters: 6
Separate Gas Meters: 3
Sewer: Public Sewer
Tenant Pays: Electricity, Gas, Heat, See Remarks
Trash Expense: 1392
Units: 5
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Poughkeepsie High School
Middle School: Poughkeepsie Middle School
Elementary School: Gov George Clinton School
School District: Poughkeepsie City
Listed By / Shown By
Listing By
Agency Name: RE/MAX Town & Country
Agency Contact: 845-765-6128
Shown By
Agent Name: Daniel Maggi
Agent Phone: Cell: (516) 375-9990
Agency Title: Coldwell Banker American Homes
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89 Market Street | MLS# 1069605
This commercial property located at 89 Market Street , Poughkeepsie, NY 12601 is currently listed for sale with an asking price of $799,000. Market Street is located within the Poughkeepsie City school district. Search Poughkeepsie real estate on danielmaggi.cbamhomes.com today.