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89 Smith Street
About This Property
Discover the perfect blend of 1920s architectural character and 2026 contemporary in this meticulously renovated Colonial-style home. Nestled in a revitalized corridor of Poughkeepsie, this property has undergone a comprehensive, top-to-bottom transformation, evolving from a historic fixer-upper into move-in-ready residence.
Spanning approximately 1,800 total square feet, the interior has been reimagined for modern lifestyles. The main level features an expansive, light-filled living room that flows seamlessly into a formal dining area, and half bathroom, ideal for upscale entertaining. At the heart of the home is an eat-in kitchen, newly outfitted with nice finishes and appliances that cater to the culinary enthusiast.
The upper level hosts three generously proportioned bedrooms and one refined full bathroom updated with newly fixtures and tiling. Beyond the primary living quarters, the property offers exceptional versatility:
Full Walk-Up Attic: A rare find, providing significant storage or potential for a custom studio or home office.
Full Basement: Offering ample space for utilities and seasonal storage.
Situated on a manageable 0.08-acre lot, the exterior features low-maintenance aluminum siding and a profile that respects the neighborhood's historic aesthetic. Residents enjoy a central location with immediate access to: local institutions, including Warring Magnet Academy (0.1 miles) and Poughkeepsie Middle/High Schools.
Just moments from the vibrant Poughkeepsie Underwear Factory community hub and the scenic Walkway Over the Hudson.
Convenient access to the Mid-Hudson Bridge and the Poughkeepsie Metro-North Station for effortless travel throughout the Hudson Valley and to New York City.
This home represents a unique opportunity to own a "new" piece of history in one of the most dynamic real estate markets in Dutchess County. Experience the pinnacle of Poughkeepsie living in a home where every detail has been thoughtfully curated for the 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%.
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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.
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About Poughkeepsie
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017