20
Map
37 Carroll Street
About This Property
The property features an original early 19th century three-story barn/garage that once served as a horse stable, showcasing rich mahogany wood finishes throughout the interior. The structure offers character and architectural charm rarely found in today's market, presenting possibilities for restoration, adaptive reuse, or incorporation into a larger development vision. City water and sewer are available at the street, making this parcel especially attractive for builders and investors. With potential for multi-family development and possible subdivision (subject to municipal approvals), the property provides flexibility for a range of residential investment strategies.
Ideally located near major hospitals, shopping centers, dining, commuter routes, and the scenic Hudson River waterfront, this property combines convenience with long-term upside. A distinctive piece of Poughkeepsie's past, ready to be part of its future.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Listed by Houlihan Lawrence Inc. | $239,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Data Source: OneKey MLS
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