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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

    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!

    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#: 803985MLS Logo

    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
    Services availability