95 Cannon Street,Poughkeepsie, NY 12601
Poughkeepsie, NY 12601
Description
EXCEPTIONAL investment opportunity in the heart of Poughkeepsie! Endless potential awaits within the newly established Poughkeepsie Innovation District (PID-B), offering exciting redevelopment possibilities. This designation may allow for conversion to a larger apartment building of five stories or more. Ideally positioned along the Main Street corridor, the property may also qualify for available grants, incentives, and redevelopment programs - creating a rare opportunity to maximize long-term value and returns. This three-story with additional garden level potential , multi-family property is rich in character and ready for transformation. Featuring a classic mansard roof and original architectural details, the building offers a total of 7 bedrooms across the three units. Spacious layouts include large living rooms, dining areas, and generously sized bedrooms, with high ceilings, original woodwork, fireplaces, and oversized windows providing a strong foundation for renovation. Upper levels offer additional space ideal for reconfiguration or potential expansion of living areas. The property sits on a deep lot with off-street parking potential and is centrally located near downtown Poughkeepsie, Metro-North, hospitals, restaurants, and the Hudson River waterfront - making it highly attractive for future tenants. This is a full rehab project being sold as-is, perfect for investors looking to maximize rental income or resale value. With the right vision, this property can be restored into a high-performing multi-family asset in a strong and growing rental market. Don't miss the opportunity to bring this historic property back to life - schedule your showing today!
Details
| MLS # | 993386 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 183 |
| Listing Provided By | KW MidHudson | Ronald C. Green |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| Basement | Y |
| Units | 3 |
| Acreage | 0.07 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Hot Water |
| Interior Features | First Floor Bedroom, Formal Dining, Galley Type Kitchen, Original Details |
Exterior
| Construction Materials | Frame |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street |
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 274200 |
| Tax Annual Amount | 5993 |
Area Information
| State | NY |
|---|---|
| County | Dutchess County |
| City | Poughkeepsie |
| Zip Code | 12601 |
| School District | Poughkeepsie High School |
| Elementary School | Gov George Clinton School |
| High School | Poughkeepsie High School |
| Listing VS Median (in 12601) | |
Price: $275,000 low | high Med: $289,500 On site: 183 low | high Med: 145.5 | |
Market Activity 12601
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Learn More About This Property
| State | NY |
|---|---|
| County | Dutchess County |
| City | Poughkeepsie |
| Zip Code | 12601 |
| School District | Poughkeepsie High School |
| Elementary School | Gov George Clinton School |
| High School | Poughkeepsie High School |
| Listing VS Median (in 12601) | |
Price: $275,000 low | high Med: $289,500 On site: 183 low | high Med: 145.5 | |
