BEDS0
BATHS
MLS#1017698
STATUSActive
PROPERTY TYPECommercial -
SCHOOLPoughkeepsie City
Property Description
Investment Opportunity - High Cash Flow SRO Property in the Heart of PoughkeepsiePresenting 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.
Property Features
Property Type: Commercial -
Basement: Full, Partially Finished, Storage Space
Basement: Yes
Cooling: None
Heating: Radiant
Lot Size: 0.34 Acres
Taxes: $17,939
Year Built: 1890
Feature Descriptions
Building Area Total: 5286
Days on Site: 3
Exterior: Brick
On Market Date: 2026-06-24
Parcel Number: 131300-6161-22-162944-0000
Parking Features: Driveway
Rental Term: Monthly
Sewer: Public Sewer
Units: 9
Utilities: Cable Available, Electricity Available, Trash Collection Public, Water Available
Water: Public
Local Schools
High School: Poughkeepsie High School
Middle School: Poughkeepsie Middle School
Elementary School: Gov George Clinton School
School District: Poughkeepsie City
Listed By / Shown By
Listing By
Agency Name: Real Broker NY LLC
Agency Contact: 855-450-0442
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
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40 S Hamilton Street | MLS# 1017698
This commercial property located at 40 S Hamilton Street, Poughkeepsie, NY 12601 is currently listed for sale with an asking price of $799,999. S Hamilton Street is located within the Poughkeepsie City school district. Search Poughkeepsie real estate on www.joycerealty.com today.