High-Yield 3-Unit Investment Property Near Vassar Brothers Medical Center. *1031 Exchange Buyers - ask about our 9 Door Package deal with this property.
Investors, take advantage of this prime multi-family opportunity at 58 Lincoln Avenue, Poughkeepsie, NY 12601. This 3-unit property features three spacious 3-bedroom apartments, currently generating $57,000 in gross annual income with a 7.53% cap rate. With below-market rents, this property offers immediate upside potential, reaching a 9.61% pro forma cap rate when adjusted to current market levels.
Situated within walking distance to Vassar Brothers Medical Center, this location provides a steady tenant pool, making it an attractive and reliable income-producing asset. The property’s spacious units appeal to professionals, families, and students, ensuring long-term rental demand.
Whether you're looking to expand your portfolio or secure a high-demand rental property in a growing market, 58 Lincoln Avenue offers immediate cash flow with strong future returns.
Schedule a private tour today and capitalize on this income-generating investment!
Sold for $500,000
$500,000
58 Lincoln Avenue, Poughkeepsie, NY 12601
9beds
3,576sqft
Triplex, Multi Family
Built in 1900
-- sqft lot
$540,900 Zestimate®
$140/sqft
$2,047 Estimated rent
Home value
$540,900
$487,000 - $600,000
$2,047/mo
Zestimate® history
Owner options
List your home for rent
$2,047/mo
Rent Zestimate®
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$2,047/mo
Rent Zestimate®
Refinance and save
$3,430/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,430/mo
Est. payment
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Spacious units
Zillow last checked:
Listing updated:
Listed by:
Curtis Darragh 845-518-7526,
Legacy Land & Homes LLC 845-206-9462
Bought with:
Ericka N. Moorer, 10311207973
Moorstone Real Estate
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 837183
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other
Cooling
- None
Features
- Other
- Basement: Unfinished
Interior area
- Total structure area: 3,576
- Total interior livable area: 3,576 sqft
Property
Lot
- Size: 3,485 sqft
Details
- Parcel number: 1313006061369067720000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Condition
- Year built: 1900
Utilities & green energy
- Gas: Separate Gas Meters: 3
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Poughkeepsie
Other
Other facts
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Sold | $500,000-4.8%$140/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #837183 Report a problem | ||
| 1/14/2026 | Pending sale | $525,000$147/sqft |
Source: OneKey® MLS as distributed by MLS GRID #837183 Report a problem | ||
| 1/13/2026 | Listing removed | $525,000$147/sqft |
Source: OneKey® MLS as distributed by MLS GRID #837183 Report a problem | ||
| 8/18/2025 | Price change | $525,000-4.5%$147/sqft |
Source: OneKey® MLS as distributed by MLS GRID #837183 Report a problem | ||
| 4/1/2025 | Listed for sale | $550,000+205.6%$154/sqft |
Source: OneKey® MLS as distributed by MLS GRID #837183 Report a problem | ||
| 2/1/2018 | Sold | $180,000+620%$50/sqft |
Source: OneKey® MLS as distributed by MLS GRID #M361163 Report a problem | ||
| 12/12/2017 | Sold | $25,000-86.1%$7/sqft |
Source: Public Record Report a problem | ||
| 9/22/2017 | Sold | $180,000-4.8%$50/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H4710051 Report a problem | ||
| 9/15/2017 | Pending sale | $189,000$53/sqft |
Source: WILLIAM RAVEIS NEW YORK LLC YH #361163 Report a problem | ||
| 9/7/2017 | Listed for sale | $189,000$53/sqft |
Source: WILLIAM RAVEIS NEW YORK LLC YH #361163 Report a problem | ||
| 7/26/2017 | Pending sale | $189,000$53/sqft |
Source: WILLIAM RAVEIS NEW YORK LLC YH #361163 Report a problem | ||
| 3/10/2017 | Listed for sale | $189,000+44.8%$53/sqft |
Source: William Raveis-New York, LLC #4710051 Report a problem | ||
| 11/8/2002 | Sold | $130,500$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $428,400 +15.7% |
| 2024 | -- | $370,300 +5% |
| 2023 | -- | $352,700 +20% |
| 2022 | -- | $293,900 +18% |
| 2021 | -- | $249,100 +15% |
| 2020 | -- | $216,600 +20% |
| 2019 | -- | $180,500 +6% |
| 2018 | -- | $170,300 |
| 2017 | $5,340 | $170,300 |
| 2016 | -- | $170,300 |
| 2015 | -- | $170,300 |
| 2014 | -- | $170,300 -11% |
| 2012 | -- | $191,400 -20% |
| 2011 | -- | $239,200 |
| 2010 | -- | $239,200 -6% |
| 2009 | -- | $254,500 -11% |
| 2008 | -- | $286,000 |
Find assessor info on the county website
Neighborhood: 12601
Nearby schools
GreatSchools rating
- 4/10Gov George Clinton SchoolGrades: K-5Distance: 0.5 mi
- 2/10Poughkeepsie Middle SchoolGrades: 5-8Distance: 1.1 mi
- 2/10Poughkeepsie High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$540,900
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
$540,900
- New York
- Dutchess County
- Poughkeepsie
- 12601
- 58 Lincoln Avenue
Nearby cities
Nearby neighborhoods
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