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!
Sold for $725,000 on 03/24/25
$725,000
138 Montgomery Street, Poughkeepsie, NY 12601
5beds
2,000sqft
Quadruplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$363/sqft
$2,878 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 02:52pm
Listed by:
Justin M. LaFalce 845-224-5792,
KW MidHudson 914-962-0007,
Don Minichino 845-242-4381,
Keller Williams Realty Partner
Bought with:
Justin D. Phillips, 10491211465
United RE Hudson Valley Edge
Lloyd Gray, 10401304500
United RE Hudson Valley Edge
Source: OneKey® MLS,MLS#: 803985

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Other
Cooling
- None
Features
- Other
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 35
- Parking features: Garage
- Garage spaces: 26
Lot
- Size: 0.49 Acres
Details
- Parcel number: 1313006161221789280000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Quadruplex, Multi Family
Condition
- Year built: 1900
Utilities & green energy
- Gas: Separate Gas Meters: 2
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected
Community & neighborhood
Location
- Region: Poughkeepsie
Other
Other facts
- Listing agreement: Exclusive Right To Sell