40 S Hamilton Street, Poughkeepsie, NY 12601

• 5,286 sqft

Property 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, seven bathrooms, providing affordable and independent living accommodations that serve a critical role in the local housing market. Coin operated laundry also included in the basement. 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.

Listing Status:

Active

Data Last Updated:

June 26, 2026 at 6:20AM

Listing Office:

Real Broker NY LLC : 855-450-0442

MLS ID:

1017698

Interior

• Basement: FullPartially FinishedStorage Space
• A/C: None
• Heating: Radiant

Exterior

• Parking: Driveway

Location

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

Lot

• Zoning: R-4131300-6161-22-162944-0000

Utilities

• Utilities: Cable AvailableElectricity AvailableTrash Collection PublicWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2