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48 Columbia St 5 Unit Apartment Building $1,223,098 CAD ($244,620 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 |
$159,180
|
$27.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$159,180
|
$27.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$46,744
|
$8.11
|
| Net Operating Income |
$112,435
|
$19.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $159,180 |
| Annual Per SF | $27.62 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $159,180 |
| Annual Per SF | $27.62 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,744 |
| Annual Per SF | $8.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $112,435 |
| Annual Per SF | $19.51 |
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
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 131300-6061-36-891827-0000 | Improvements Assessment | $688,839 CAD |
| Land Assessment | $77,234 CAD | Total Assessment | $766,073 CAD |
Property Taxes
Parcel Number
131300-6061-36-891827-0000
Land Assessment
$77,234 CAD
Improvements Assessment
$688,839 CAD
Total Assessment
$766,073 CAD
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48 Columbia St
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