26 Taylor Ave · Poughkeepsie, NY 12601

$425,000

6 bd · 2.0 ba · 2,034 sqft · MultiFamily public records · 168 Days on market

Built 1900 9,148 sqft lot $209/sqft · 33% below area Est $637k · 33% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +13.7/30.0
• 1% rule +5.1/10.0
• DSCR +4.1/10.0
• Livability +3.9/5.0
• Rent growth +3.4/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Now is the time to own a very well maintained 2-family home. The first floor apartment offers a living room, dining room, 3 bedrooms, full bath & updated kitchen w/ a loft area. The second floor offers a living room, eat in kitchen, 3 bedrooms. Updates include roof (<4 yrs old), electric wall heaters, kitchens & baths, insulated basement & vinyl siding (level 1). The driveway allows for 4 car-parking and the level yard is great for gardening, outdoor enjoyment plus a shed to store bikes & outdoor furniture. All units responsible for their own water, sewer & electric. Enjoy everything the Hudson Valley has to offer; only a block away from The Walkway over the Hudson and fine culinary restaurants. Less than 1 mile to The Poughkeepsie Train Station, hospitals & colleges. This won't last long.

Key facts

• 9,148 sq ft lot
• 4 parking spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $425k.

Deal economics

• At list price, monthly cash flow is $30 ($366/yr) — positive. Per door: $15/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $425k).
• Recommended offer: $374k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.4% vs local median 3.4% in Poughkeepsie — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#165 in NY, #2,577 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, housing A-; Watch: employment D+, crime F.
• Poughkeepsie City School District (suburban): math 29% / reading 42% proficiency, ranked #559 of 590 in NY (top 95%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.7%/yr); 189 active listings in the ZIP; 620 units permitted in Dutchess County in 2024 (242 in 5+ unit buildings).
• At $4,294/mo this rent would consume 81% of the median local household income ($64k/yr) (locally 2891% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Dutchess County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 168 days — a 12% lower offer ($374k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $50k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $160k; list at $425k implies a 166% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $374,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 168 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 6.38%
• Cash-on-cash: 0.31%
• DSCR: 1.01
• GRM: 8.2

CMA / ARV

• ARV (median comp): $637,314
• List price: $425,000
• Delta: -33.31%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
117 Talmadge St	0.27mi	7/2.0 (+1)	2,000 (-2%)	6mo	$385,000	$193	74
236 Mansion St	0.71mi	6/2.0	2,100 (+3%)	7mo	$444,500	$212	55

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.67% rent growth · sell at horizon

5-year hold

• IRR: -14.9%
• Equity multiple: 0.46×
• Total profit: $-63,686
• Equity at exit: $63,369

10-year hold

• IRR: -4.9%
• Equity multiple: 0.67×
• Total profit: $-39,511
• Equity at exit: $36,746

Cash invested: $119,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12601

• Rents YoY: 3.7%
• Active inventory: 189
• Price-to-rent: 16.5×

Monthly cashflow live

• Estimated rent: $4,294 high
• Mortgage (P&I): −$2,229
• Tax from tax record: −$956 /mo · $11,471/yr
• Insurance: −$177
• HOA: −$0
• Vacancy / Maint / Mgmt: −$902
• Net cashflow: $30

Break-even live

Break-even rent $4,255

Max offer price $425,000

Occupancy floor 94%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$4,294
Total (2 units)			$4,294

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $106,250
• Closing costs: $12,750
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-14
   status $425,000 Pending 168 DOM
2. 2026-06-03
   days on market $425,000 Active 168 DOM
3. 2026-06-02
   days on market $425,000 Active 167 DOM
4. 2026-06-01
   days on market $425,000 Active 166 DOM
5. 2026-05-31
   days on market $425,000 Active 165 DOM
6. 2026-05-30
   days on market $425,000 Active 164 DOM
7. 2026-03-17
   status Active 835-char remark

   Show marketing remark (835 chars)

   Now is the time to own a very well maintained 2-family home. The first floor apartment offers a living room, dining room, 3 bedrooms, full bath &amp; updated kitchen w/ a loft area. The second floor offers a living room, eat in kitchen, 3 bedrooms. Updates include roof (&lt;4 yrs old), electric wall heaters, kitchens &amp; baths, insulated basement &amp; vinyl siding (level 1). The driveway allows for 4 car-parking and the level yard is great for gardening, outdoor enjoyment plus a shed to store bikes &amp; outdoor furniture. All units responsible for their own water, sewer &amp; electric. Enjoy everything the Hudson Valley has to offer; only a block away from The Walkway over the Hudson and fine culinary restaurants. Less than 1 mile to The Poughkeepsie Train Station, hospitals &amp; colleges. This won't last long.

8. 2026-03-17
   price $425,000 835-char remark

   Show marketing remark (835 chars)

   Now is the time to own a very well maintained 2-family home. The first floor apartment offers a living room, dining room, 3 bedrooms, full bath &amp; updated kitchen w/ a loft area. The second floor offers a living room, eat in kitchen, 3 bedrooms. Updates include roof (&lt;4 yrs old), electric wall heaters, kitchens &amp; baths, insulated basement &amp; vinyl siding (level 1). The driveway allows for 4 car-parking and the level yard is great for gardening, outdoor enjoyment plus a shed to store bikes &amp; outdoor furniture. All units responsible for their own water, sewer &amp; electric. Enjoy everything the Hudson Valley has to offer; only a block away from The Walkway over the Hudson and fine culinary restaurants. Less than 1 mile to The Poughkeepsie Train Station, hospitals &amp; colleges. This won't last long.

9. 2026-01-12
   price $459,900 835-char remark

   Show marketing remark (835 chars)

   Now is the time to own a very well maintained 2-family home. The first floor apartment offers a living room, dining room, 3 bedrooms, full bath &amp; updated kitchen w/ a loft area. The second floor offers a living room, eat in kitchen, 3 bedrooms. Updates include roof (&lt;4 yrs old), electric wall heaters, kitchens &amp; baths, insulated basement &amp; vinyl siding (level 1). The driveway allows for 4 car-parking and the level yard is great for gardening, outdoor enjoyment plus a shed to store bikes &amp; outdoor furniture. All units responsible for their own water, sewer &amp; electric. Enjoy everything the Hudson Valley has to offer; only a block away from The Walkway over the Hudson and fine culinary restaurants. Less than 1 mile to The Poughkeepsie Train Station, hospitals &amp; colleges. This won't last long.

10. 2025-11-29
    listed $475,000 Active 835-char remark

    Show marketing remark (835 chars)

    Now is the time to own a very well maintained 2-family home. The first floor apartment offers a living room, dining room, 3 bedrooms, full bath &amp; updated kitchen w/ a loft area. The second floor offers a living room, eat in kitchen, 3 bedrooms. Updates include roof (&lt;4 yrs old), electric wall heaters, kitchens &amp; baths, insulated basement &amp; vinyl siding (level 1). The driveway allows for 4 car-parking and the level yard is great for gardening, outdoor enjoyment plus a shed to store bikes &amp; outdoor furniture. All units responsible for their own water, sewer &amp; electric. Enjoy everything the Hudson Valley has to offer; only a block away from The Walkway over the Hudson and fine culinary restaurants. Less than 1 mile to The Poughkeepsie Train Station, hospitals &amp; colleges. This won't last long.

11. 2025-11-15
    historical $475,000 835-char remark

    Show marketing remark (835 chars)

    Now is the time to own a very well maintained 2-family home. The first floor apartment offers a living room, dining room, 3 bedrooms, full bath &amp; updated kitchen w/ a loft area. The second floor offers a living room, eat in kitchen, 3 bedrooms. Updates include roof (&lt;4 yrs old), electric wall heaters, kitchens &amp; baths, insulated basement &amp; vinyl siding (level 1). The driveway allows for 4 car-parking and the level yard is great for gardening, outdoor enjoyment plus a shed to store bikes &amp; outdoor furniture. All units responsible for their own water, sewer &amp; electric. Enjoy everything the Hudson Valley has to offer; only a block away from The Walkway over the Hudson and fine culinary restaurants. Less than 1 mile to The Poughkeepsie Train Station, hospitals &amp; colleges. This won't last long.

12. 2018-06-20
    soldstatus $160,000
13. 2018-06-15
    soldstatus $160,000 683-char remark

    Show marketing remark (683 chars)

    Close to the Walkway over the Hudson. This 2 family home is ready to move in. Updated kitchens and baths. Both apartments are 3 bedroom one with upstairs playroom and the other has 2 levels of living space. A rare find. Off street parking and backyard. Convenient to Hospital, Colleges and Route 9. Will not last.,FOUNDATION:Masonry,Basement:Interior Access,Unfinished Square Feet:500,Heating:Gas,Below Grnd Sq Feet:500,ExteriorFeatures:Outside Lighting,EQUIPMENT:Carbon Monoxide Detector,Smoke Detectors,FLOORING:Ceramic Tile,AboveGrade:2034,ROOF:Asphalt Shingles,OwnerPays:Fire Insurance,Maintenance,Garbage/Trash,Gas,Water,Sewer,Taxes Additional Information: AnnOtherExpenses:720,

14. 2018-02-20
    listed $179,900 683-char remark

    Show marketing remark (683 chars)

    Close to the Walkway over the Hudson. This 2 family home is ready to move in. Updated kitchens and baths. Both apartments are 3 bedroom one with upstairs playroom and the other has 2 levels of living space. A rare find. Off street parking and backyard. Convenient to Hospital, Colleges and Route 9. Will not last.,FOUNDATION:Masonry,Basement:Interior Access,Unfinished Square Feet:500,Heating:Gas,Below Grnd Sq Feet:500,ExteriorFeatures:Outside Lighting,EQUIPMENT:Carbon Monoxide Detector,Smoke Detectors,FLOORING:Ceramic Tile,AboveGrade:2034,ROOF:Asphalt Shingles,OwnerPays:Fire Insurance,Maintenance,Garbage/Trash,Gas,Water,Sewer,Taxes Additional Information: AnnOtherExpenses:720,

15. 1991-08-02
    soldstatus $26,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $11,471 · $956/mo
• Projected year-2 tax: $11,471 · $956/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $51,528
• − Mortgage interest: −$23,807
• − Property taxes: −$11,471
• − Insurance: −$2,125
• − Repairs & maintenance: −$4,122
• − Management: −$4,122
• − Depreciation: −$12,364
• Taxable loss: −$6,483
• Est. tax savings @ 24.0%: +$1,556
• After-tax cash flow: $1,922/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Poughkeepsie City School District
• NCES district ID: 3623760
• Math proficiency: 29% ▲ 5.00%
• Reading proficiency: 42% ▲ 12.00%
• Median HH income: $39,159
• Composite: 29.68/100
• National rank: #6459
• State rank: #559 of 590 in NY

Livability — Poughkeepsie

• Score: 78/100
• State rank: #165
• US rank: #2577

Category grades

Amenities B Commute A+ Cost of living C Crime F Employment D+ Housing A- Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Poughkeepsie, NY
• County: Dutchess County · 188,048 people
• City population: 86,468
• Metro: Poughkeepsie-Newburgh-Middletown, NY
• Population (ZIP): 44,164
• Household income: $63,652
• Rent vs Own: 56.8% rent · 43.2% own
• Severe rent burden: 2891.0

Population outlook (Dutchess County) Hauer SSP2

• Today (2025): 291,768 people
• By 2030: 287,131 · -1.6%
• By 2040: 274,881 · -5.8%
• By 2050: 259,971 · -10.9%
• By 2075: 235,366 · -19.3%
• By 2100: 208,786 · -28.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 44% Black 24% Hispanic / Latino 22% Two or more races 17% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5% Dominican 1%
• Common ancestry: Romanian 3% Iranian 1% Lithuanian 1%
• Foreign-born: 19% · Canada, China
• Languages at home: 79% English-only · Spanish 15% Other Indo-European 1% Chinese 1%

Political lean MEDSL · Dutchess

• 2024 margin: Lean D (+5.4) · D 52.7% · R 47.3%
• 2008→2024 swing: -3.2pp toward R · 2008: 8.6pp · 2024: 5.4pp
• All cycles: 2024: D+5.4 2020: D+9.6 2016: R+1.1 2012: D+6.6 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -210.62%
• Current HPI: 293.9789
• Rent YoY: ▲ 3.67%
• Metro: Poughkeepsie-Newburgh-Middletown, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+1503.8% since first listed

9 events — show timeline

• 2026-03-17 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-03-17 Price Changed $425,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-12 Price Changed $459,900 OneKey® MLS as Distributed by MLS Grid
• 2025-11-29 Listed $475,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-15 Coming Soon $475,000 OneKey® MLS as Distributed by MLS Grid
• 2018-06-20 Sold (Public Records) $160,000 Public Records
• 2018-06-15 Sold (MLS) $160,000 OneKey® MLS as Distributed by MLS Grid
• 2018-02-20 Listed $179,900 OneKey® MLS as Distributed by MLS Grid
• 1991-08-02 Sold (Public Records) $26,500 Public Records

Property tax history

+7.1%/yr

Latest (2025): $11,471 · +54.3% YoY. Source: county tax records.