40 Hamilton Street, Poughkeepsie, NY, 12601
$799,999
activeLot Size
14,810 sqft
Year Built
1890
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Jorge Lugo, Real Broker NY LLC
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jun 25, 2026, 6:50 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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