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Set within Poughkeepsie’s sought-after historic South Side, this beautifully preserved circa-1900 Italianate Victorian offers a rare opportunity to own a four-unit property rich in architectural character and income potential. The freshly repainted exterior showcases classic Victorian detailing and an elegant wraparound verandah leading to a private backyard. Off-street parking and a substantial basement storage area add everyday convenience. Inside, thoughtfully renovated interiors blend historic charm with modern comfort. Original hardwood floors, soaring ceilings, and decorative marble fireplaces reflect the home’s heritage, while updated kitchens and flexible layouts support a variety of living arrangements. The property is currently configured as four legal units with separate gas and electric meters, with the potential for easy conversion back to a single-family residence. The house is brick-insulated on all floors, including the attic space. Highlights: Unit 1 – Expansive one-bedroom residence featuring a formal dining room, 11-foot ceilings, hardwood floors, three decorative marble fireplaces, a full kitchen, and a bonus room ideal for office or studio use. Unit 2 – Bright one-bedroom unit with hardwood floors, two decorative fireplaces, and a full kitchen. Unit 3 – Two-bedroom residence spanning two levels, offering hardwood floors, a decorative fireplace, a full kitchen, and generous storage. Unit 4 – Garden-level studio with decorative fireplace and kitchenette, currently utilized as a common laundry center. The property is presently operated as mid-term furnished rentals and may be delivered furnished or unfurnished. Conveniently located near parks, historic homes, Metro North/Amtrak Train Station, Vassar, Marist, Culinary Institute, Walkway over the Hudson, Vassar Brothers Medical, this distinctive Victorian presents a versatile opportunity for investors or those seeking a historically significant residence with income flexibility. A standout offering in one of Poughkeepsie’s most architecturally rich neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.120% | 5.541% |
| Monthly Tax Payment | $1,030 | $1,030 | $1,030 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,800 | $2,995 | $4,019 |
| Total Monthly Payment | $3,922 | $4,117 | $5,141 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.