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138 Montgomery St, Poughkeepsie, NY, 12601

$745,000

Home List Price

$8,847*

Closing Credit

5 Bedrooms
2 Full Baths
Multi

Location

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138 Montgomery St, Poughkeepsie$745,000

Buyer Closing Credits

$8,847*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Garage26 spaces
Year Built1900
HeatingBaseboard, Natural Gas
CoolingNone
BasementYes
MLS #803985
Lot Size0.49 Acres
StatusActive

About 138 Montgomery St

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1900

Listing Office:

  • Office Name: Keller Williams Realty Partner
  • Office Phone: (914) 962-0007

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 26 spaces

Lot Features

Lot Information:

  • Lot Size: 0.49 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $745,000

Tax Information:

  • Annual Amount: $5,835
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Poughkeepsie, NY.

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Poughkeepsie, NY

City

Med. Sold Price

$382.5K

Med. Price/SqFt

$215

Avg. Days On Market

41

# of Sold Homes

48

138 Montgomery St vs Poughkeepsie

7 DAYS ON ROCKET

-34 Days

$745,000

+$362.5K More

KEY TAKEAWAY

This property is $362.5K more than the Median Sold Price in Poughkeepsie, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY2
  • MLS Number: #803985

Listing Office:

  • Office Name: Keller Williams Realty Partner
  • Office Phone: (914) 962-0007

IDX 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.

IDXThe 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 2024, 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: 12/17/2024, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,835$300,000
2019$12,927$300,000
2018$13,633$300,000
2017$13,295$300,000

History based on county public records data.

Payment Calculator

$3,786

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,300

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4381897
3
/10

  • Gov George Clinton School

  • 100 Montgomery St

  • 0.15 miles

  • Public District Grades 1-5

school-card-donut-4381898
4
/10

  • Morse Young Magnet School

  • 101 Mansion St

  • 0.62 miles

  • Public Magnet Grades KG-6

school-card-donut-4381899
5
/10

  • Warring Magnet Academy of Science and Technology

  • 283 Mansion St

  • 0.64 miles

  • Public Magnet Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,562. Most Poughkeepsie, NY residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Dutchess County›Poughkeepsie›12601›138 Montgomery St

This home is located at 138 Montgomery St in Poughkeepsie, NY and zip code 12601. This home, which was built in 1900, sits on a 0.49 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $745,000.

Poughkeepsie, NY housing market in November 2024 saw over 22 listings sold above listed price, more than 6 sold at listed price and over 20 sold below. Between October 2024 and November 2024, Poughkeepsie, NY real estate market has seen decrease in the number of listings by 13.3%. Listings spent 41 days on the market in November 2024, and had a median list price of $382,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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