40 S Hamilton St, Poughkeepsie, NY

Name: 40 S Hamilton St, For Sale in Poughkeepsie - eXp Realty
Brand: Real Broker NY LLC
SKU: 1017698
Price: 799999 USD

House

For Sale

Listed price in listed location currency (USD).

$799,999

000

MLS® 1017698

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes $17,940

Days Active 0

Lot Size 0.34 Acres

Approx. Age 1890

MLS® Number 1017698

Property Address: 40 S Hamilton St, Poughkeepsie, NY, 12601-4117

Average square foot calculated using Size range provided by listing agent.

Description

Investment Opportunity – High Cash Flow SRO Property in the Heart of Poughkeepsie Presenting 40 S. Hamilton Street, a rare opportunity to acquire a proven income-producing Single Room Occupancy (SRO) property in the City of Poughkeepsie. This well-established rooming house consists of nine private single-occupancy rooms, each with its own bathroom, providing affordable and independent living accommodations that serve a critical role in the local housing market. The property has demonstrated strong and consistent performance, currently generating approximately $100, 000 in annual gross rental income with a current NOI of $49, 315. Residents enjoy access to shared common areas including a communal kitchen, lounge, and hallway facilities on each floor, creating a practical and cost-effective housing solution for tenants. The property also benefits from an onsite property manager, offering operational efficiency and making ownership more manageable for investors. Situated on a generous lot, the property features a large rear driveway with ample off-street parking, a valuable amenity for both tenants and management. A substantial basement provides additional storage space and operational flexibility. For investors seeking immediate cash flow, this property is generating income from day one. Beyond its current performance, there are multiple avenues for future upside. Continue operating as a successful SRO, explore the potential conversion to apartment units (subject to approvals), or investigate additional income-producing opportunities to further enhance returns. The combination of strong in-place income, onsite management, parking, storage, and future value-add potential makes this an attractive acquisition for both experienced and aspiring investors. Whether you're looking to expand your portfolio with a stabilized asset or capitalize on redevelopment and repositioning opportunities, 40 S. Hamilton Street offers a compelling blend of cash flow, flexibility, and long-term potential in a growing rental market.

MLS® Number1017698

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1890

BasementFull, Partially Finished, Storage Space

DrivewayDriveway

Garage Spaces

HeatRadiant

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 24, 2026List Date

$799,999List Price

Commute

Commute

Starting Address

Destination Address

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