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48 Columbia St 5 Unit Apartment Building $1,242,868 CAD ($248,574 CAD/Unit) 9.19% Cap Rate Poughkeepsie, NY 12601
EXECUTIVE SUMMARY
Turnkey investment opportunity delivering an 8.7% cap rate in Poughkeepsie’s Campus Development (CD) District. This well-maintained 5-unit mixed-use building features (3) 1-bedroom apartments, (1) 2-bedroom apartment, and 1 commercial space, just one block from Vassar Brothers Medical Center. The sale also includes a separately deeded 0.11-acre parking lot on Franklin Street, providing added convenience and long-term value for tenants. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with room for future upside. Financials available upon request—an ideal opportunity for investors seeking a stable, income-producing asset in a prime growth corridor.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$161,753
|
$28.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$161,753
|
$28.07
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$47,500
|
$8.24
|
| Net Operating Income |
$114,253
|
$19.83
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $161,753 |
| Annual Per SF | $28.07 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $161,753 |
| Annual Per SF | $28.07 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,500 |
| Annual Per SF | $8.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $114,253 |
| Annual Per SF | $19.83 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Cable Ready
- Ceiling Fans
- Breakfast Nook
- Built-In Bookshelves
- Deck
- Dining Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 669 |
1 1
PROPERTY TAXES
| Parcel Number | 131300-6061-36-891827-0000 | Improvements Assessment | $689,663 CAD (2024) |
| Land Assessment | $79,918 CAD (2024) | Total Assessment | $769,582 CAD (2024) |
PROPERTY TAXES
Parcel Number
131300-6061-36-891827-0000
Land Assessment
$79,918 CAD (2024)
Improvements Assessment
$689,663 CAD (2024)
Total Assessment
$769,582 CAD (2024)
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48 Columbia St
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