Debra Smith
Licensed Real Estate Salesperson
REALTOR®
Margaretville, NY
Office: (845) 586-3321
(973) 479-6445
Property Description
Turnkey Investment Opportunity! This 2-family home is fully occupied and generating $52,800 annually. It will provide reliable cash flow from day one. Included in the sale is the lot next door (3 Park Place, 131300-6162-71-320192-0000). Leased solar panels were installed in 2022 to keep electricity costs to the bare minimum of $60/month. Separate natural gas meters allow tenants to pay, which saves on the owner's monthly cost. The roof was replaced in 2022 when the panels were installed. Each unit offers 2 bedrooms, 1 bath, large kitchen, dining room, living room, and unit 2 has a den/office that leads to the balcony. With a shared washer and dryer, basement storage, plenty of parking, and a convenient location close to shopping, dining, schools, and major commuter routes, this property is designed for both tenant appeal and long-term value.
1 Park Place | MLS# 1022089
This multi-family property located at 1 Park Place , Poughkeepsie, NY 12601 is currently listed for sale with an asking price of $500,000. Park Place is located within the Poughkeepsie City school district. Search Poughkeepsie real estate on debbie-smith.timberlandproperties.com today.
Gallery
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Storage Space, Unfinished
Cooling: Wall/Window Unit(s)
Heating: Forced Air
Lot Size: 0.06 Acres
Taxes: $7,350
Year Built: 1910
Amenities
Open Floorplan
Pantry
Feature Descriptions
Exterior: Vinyl Siding
Laundry: In Basement
On Market Date: 2026-07-17
Parcel Number: 131300-6162-71-319186-0000
Parking Features: Off Street, Oversized, Private
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 2
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
Water: Public
Local Schools
High School: Poughkeepsie High School
Middle School: Poughkeepsie Middle School
Elementary School: Morse Young Magnet School
School District: Poughkeepsie City
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1 Park Place , Poughkeepsie, NY 12601
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Estimated Payment
$ 1,871.12 per month $1,112.78 Principal & Interest $612.50 Property Tax $145.83 Homeowner's InsuranceChange Payment Information
Demographics
Listed By / Shown By
Listing By
Agency Name: RE/MAX Town & Country
Agency Contact: 845-765-6128
Shown By
Agent Name: Debra Smith
Agent Phone: (973) 479-6445
Agency Title: Timberland Properties
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1 Park Place , Poughkeepsie, NY 12601
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