About 10 Eastman Terrace
Income-producing multifamily opportunity delivering an 8.5% current cap rate, with potential to reach approximately 10.5% at pro forma rents. This 5-unit property features (1) 1-bedroom apartment, (2) 3-bedroom apartments, and (2) 4-bedroom apartments, generating $117,480 in current gross annual income. All tenants pay for heat, hot water, and electricity, while the landlord is responsible for water and sewer. The sale also includes a separately deeded 9-car parking lot, with one parking space for each unit, and every apartment has an in-unit washer/dryer hookup. Located near major anchors such as Route 9, the Mid-Hudson Bridge, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America, the property offers strong in-place income with meaningful room for future upside. An ideal opportunity for investors seeking a stable, income-producing asset in a prime Poughkeepsie location. Income & expense information available upon request.
Features of 10 Eastman Terrace
| MLS® # | 1030135 |
|---|---|
| Price | $950,000 |
| Square Footage | 4,488 |
| Acres | 0.14 |
| Year Built | 1900 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Style | Row Dwelling |
| Status | Active |
Community Information
| Address | 10 Eastman Terrace |
|---|---|
| City | Poughkeepsie |
| County | Dutchess County |
| State | NY |
| Zip Code | 12601 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| Parking | Driveway, Off Street, Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Natural Gas |
|---|---|
| Cooling | None |
| Has Basement | Yes |
| Basement | Finished, Full, Walk-Out Access |
| Fireplace | No |
| # of Stories | 4 |
Exterior
| Construction | Brick |
|---|
School Information
| District | Poughkeepsie City |
|---|
Additional Information
| Date Listed | August 5th, 2026 |
|---|---|
| Days on Market | 44 |
| Zoning | R-3 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Serhant LLC |
|---|