48 Columbia Street, Poughkeepsie, NY 12601

• 5,763 sqft

Property Description

Turnkey investment opportunity delivering an 8.7% cap rate in Poughkeepsie’s Campus Development (CD) District. This well-maintained 5-unit mixed-use building features (3) 1-bedroom apartments, (1) 2-bedroom apartment, and 1 commercial space, just one block from Vassar Brothers Medical Center. The sale also includes a separately deeded 0.11-acre parking lot on Franklin Street, providing added convenience and long-term value for tenants. 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 room for future upside. Financials available upon request—an ideal opportunity for investors seeking a stable, income-producing asset in a prime growth corridor.

Listing Status:

Active

Data Last Updated:

May 11, 2026 at 2:22PM

Listing Office:

Serhant LLC : 646-480-7665

MLS ID:

883669

Interior

• Basement: Unfinished
• A/C: Wall/Window Unit(s)
• Heating: BaseboardElectricNatural Gas

Exterior

• Parking: DrivewayParking Lot

Location

• Originating MLS: onekey2
• County: Dutchess County

Lot

• Zoning: 131300-6061-36-891827-0000

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2