10 Eastman Terrace, Poughkeepsie, NY 12601

• 4,488 sqft

Property Description

Income-producing multifamily opportunity delivering an 8.5% current cap rate, with potential to reach approximately 10.5% at pro forma rents. This 5-unit property features (1) 1-bedroom apartment, (2) 3-bedroom apartments, and (2) 4-bedroom apartments, generating $117,480 in current gross annual income. All tenants pay for heat, hot water, and electricity, while the landlord is responsible for water and sewer. The sale also includes a separately deeded 9-car parking lot, with one parking space for each unit, and every apartment has an in-unit washer/dryer hookup. 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 meaningful room for future upside. An ideal opportunity for investors seeking a stable, income-producing asset in a prime Poughkeepsie location. Income & expense information available upon request.

Listing Status:

Active

Data Last Updated:

August 11, 2026 at 4:22AM

Listing Office:

Serhant LLC : 646-480-7665

MLS ID:

1030135

Interior

• Basement: FinishedFullWalk-Out Access
• A/C: None
• Heating: BaseboardNatural Gas

Exterior

• Style: Row Dwelling
• Parking: DrivewayOff StreetParking Lot

Location

• Originating MLS: onekey2
• School District: Poughkeepsie City
• County: Dutchess County

Lot

• Zoning: R-3131300-6061-36-962836-0000

Utilities

• Utilities: Natural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2