138 Montgomery Street

Poughkeepsie, NY 12601

$745,000
Price
5
Beds
2
Baths
2,000 Sq. Ft.
$373 / Sq. Ft.
2,000
Sq. Ft.
$373
per Sq. Ft.

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...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!
  1. Listed by Justin M. LaFalce • Keller Williams Realty Partner
    P: (914)-962-0007 C: (845)-224-5792 jlafalce@kw.com
  2. Listed by Don Minichino • Keller Williams Realty Partner
    P: (914)-962-0007 C: (845)-242-4381 dminichino@kwcommercial.com

Property Details for 138 Montgomery Street

Architectural Style
Colonial
Garage Spaces
26.00
Waterfront
No
LISTING UPDATED: 01/16/2025 07:00 PM

Property Details for 138 Montgomery Street

StatusActive
MLS #803985
Days on Market38
Taxes$10,714 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeQuadruplex
Year Built1900
Lot Size0.49 AC / 21,344 SF
CountyDutchess County

Building Information for 138 Montgomery Street

Stories-Residences3Year Built1900Building Size-Lot Size0.49 AC / 21,344 SF

Property Information for 138 Montgomery Street

Summary
Location and General Information
  • Senior Community YN: No
  • Property Attached: No
  • Structure Type: false
  • State Or Province: NY
School Information
  • School District: Poughkeepsie City
  • Elementary School: Gov George Clinton School
  • Middle Or Junior School: Poughkeepsie Middle School
  • High School District: Poughkeepsie City
  • High School: Poughkeepsie High School
Unit Information
Unit 1 Information
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,475.00
Unit 2 Information
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,620.00
Unit Information
  • Building Units Total: 3
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 131300-6161-22-178928-0000
  • Tax Assessed Value: $330,000.00
Income & Expenses Information
Income & Expenses Information
  • Gross Income: $94,506.00
  • Maintenance Expense: $2,246.00
  • Trash Expense: $500.00
  • Fuel Expense: $3,000.00
  • Other Expense: $2,696.00
  • Operating Expense: $29,554.00
Interior and Exterior Features
Interior Features
  • Amenities: Colonial, Other, Public
  • Interior Features: Other
  • Basement: Unfinished
  • Fireplace: No
Exterior Features
  • Elevation Certificate: No
  • Construction Materials: Frame
  • Pool Private: No
Lot Information
  • Building Area Units: Square Feet
Parking
  • Parking Total: 35.00
  • Garage: No
Utilities
  • Cooling: None
  • Heating: Baseboard, Natural Gas
  • Heat Fuel Type: Baseboard, Natural Gas
  • Number Of Separate Gas Meters: 2
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected,Electricity Connected
  • Number Of Separate Electric Meters: 3
Green Features
  • Green Features: Baseboard, Natural Gas

Public Records for 138 Montgomery Street

Taxable ValueLand$99,000Additions$231,000Total$330,000
Home Facts
Lot Size21,344 SqFtStyleOffice BuildingZoningR-2ACountyDUTCHESSAPN131300 6161-22-178928-0000

Schools near 138 Montgomery Street

This home is within Poughkeepsie City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Poughkeepsie Middle School
Public6 to 8

Poughkeepsie High School
Public9 to 12

Gov George Clinton School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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138 Montgomery Street is a multi-family home for sale in Poughkeepsie, NY 12601. This property was listed for sale on December 10, 2024 by Keller Williams Realty Partner, it's currently listed at $745,000. This listing's school district is Poughkeepsie City School District. Nearby schools include Warring Magnet Academy Of Science And Technology, Poughkeepsie Middle School and Poughkeepsie High School. 138 Montgomery Street is a 5-bed, 2-bath, 2,000 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Partner

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