Attention Investors! Passive income is the key to financial freedom and this property is a cash cow! *1031 Exchange Buyers - ask about our 13 Door Package deal with this property. Extraordinary investment opportunity nestled in the heart of Poughkeepsie, New York. This 4 Family offers four 1-bedroom/1-bathroom units, fully occupied with a twelve-month rental history available for qualified buyers. Distinguished by a current 7.65 cap rate, with room to grow, pro forma at current market rent puts this over 9.74 cap rate! providing an exclusive advantage to the new owner—an opportunity to gradually increase rents, significantly magnifying your returns. Whether you're a seasoned investor or just entering the market, this property offers a winning combination of stability and growth potential. Hurry before it's gone!
Sold for $550,000
$550,000
1 Morgan Avenue, Poughkeepsie, NY 12601
4beds
5,160sqft
Quadruplex, Multi Family
Built in 1920
-- sqft lot
$584,500 Zestimate®
$107/sqft
$1,995 Estimated rent
Home value
$584,500
$520,000 - $655,000
$1,995/mo
Zestimate® history
Owner options
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$1,995/mo
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$3,852/mo
Est. payment
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$3,852/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Curtis Darragh 845-518-7526,
Legacy Land & Homes LLC 845-206-9462
Bought with:
Luby Contreras, 10401373285
Keller Williams Realty Partner
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 817405
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Radiant, Other
Cooling
- None
Features
- Other
- Basement: Unfinished
- Attic: Unfinished
Interior area
- Total structure area: 5,160
- Total interior livable area: 5,160 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 4,356 Square Feet
- Features: Near School
Details
- Parcel number: 1313006162724531380000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Condition
- Year built: 1920
Utilities & green energy
- Gas: Separate Gas Meters: 4
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Trash Collection Public
Community & HOA
Location
- Region: Poughkeepsie
Financial & listing details
- Price per square foot: $107/sqft
- Tax assessed value: $280,000
- Annual tax amount: $10,247
- Date on market: 2/1/2025
- Cumulative days on market: 306 days
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $550,000-8.3%$107/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #817405 Report a problem | ||
| 6/30/2025 | Pending sale | $600,000$116/sqft |
Source: OneKey® MLS as distributed by MLS GRID #817405 Report a problem | ||
| 2/1/2025 | Listed for sale | $600,000$116/sqft |
Source: OneKey® MLS as distributed by MLS GRID #817405 Report a problem | ||
| 12/6/2024 | Listing removed | $600,000$116/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6320528 Report a problem | ||
| 7/29/2024 | Listed for sale | $600,000$116/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6320528 Report a problem | ||
| 7/26/2024 | Listing removed | -- |
Source: OneKey® MLS as distributed by MLS GRID #H6291497 Report a problem | ||
| 2/26/2024 | Listed for sale | $600,000$116/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6291497 Report a problem | ||
| 1/23/2024 | Listing removed | -- |
Source: OneKey® MLS as distributed by MLS GRID #H6268805 Report a problem | ||
| 9/22/2023 | Listed for sale | $600,000+172.7%$116/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6268805 Report a problem | ||
| 7/29/2019 | Sold | $220,000-8.3%$43/sqft |
Source: OneKey® MLS as distributed by MLS GRID #M381052 Report a problem | ||
| 4/6/2019 | Pending sale | $239,900$46/sqft |
Source: LEGACY LAND AND HOMES LLC TP #380111 Report a problem | ||
| 4/6/2019 | Listed for sale | $239,900+23%$46/sqft |
Source: LEGACY LAND AND HOMES LLC TP #380111 Report a problem | ||
| 5/17/2015 | Sold | $195,000-2%$38/sqft |
Source:  HVCRMLS #20143407 Report a problem | ||
| 8/19/2014 | Price change | $199,000-5.2%$39/sqft |
Source: EXIT To GREEN Realty #330270 Report a problem | ||
| 8/3/2014 | Price change | $210,000-2.8%$41/sqft |
Source: Four Seasons Realty Group #330270 Report a problem | ||
| 7/4/2014 | Listed for sale | $216,000$42/sqft |
Source: Four Seasons Realty Group #330270 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $360,000 +12.4% |
| 2024 | -- | $320,300 +4% |
| 2023 | -- | $308,000 +10% |
| 2022 | -- | $280,000 +27.3% |
| 2021 | -- | $220,000 |
| 2020 | -- | $220,000 |
| 2019 | -- | $220,000 |
| 2018 | -- | $220,000 |
| 2017 | $8,633 | $220,000 |
| 2016 | -- | $220,000 |
| 2015 | -- | $220,000 -23.5% |
| 2014 | -- | $287,500 -5% |
| 2012 | -- | $302,600 -3% |
| 2011 | -- | $312,000 -8% |
| 2010 | -- | $339,100 -8% |
| 2009 | -- | $368,600 -3% |
| 2008 | -- | $380,000 |
Find assessor info on the county website
Neighborhood: 12601
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Nearby schools
GreatSchools rating
- 6/10Charles B Warring Elementary SchoolGrades: 1-5Distance: 0.1 mi
- 1/10Poughkeepsie Middle SchoolGrades: 5-8Distance: 0.8 mi
- 2/10Poughkeepsie High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Warring Magnet Acad Of Sci & Tech
- Middle: Poughkeepsie Middle School
- High: Poughkeepsie High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$584,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$584,500
- New York
- Dutchess County
- Poughkeepsie
- 12601
- 1 Morgan Avenue
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