31 Forbus St
Poughkeepsie, NY 12601
Forbus Hill Apartments · Immeuble residentiel Bien À vendre · 71 Lots

Forbus Hill Apartments offers the opportunity to acquire a 69-unit garden-style multifamily community in Poughkeepsie, New York. Situated on approximately 3.61 acres, the property consists of four two-story residential buildings totaling 50,096 square feet. The asset benefits from strong in-place occupancy of 98.55% while maintaining a meaningful mark-to-market opportunity, with current rents reported to be approximately 12.5% below market levels.
The property's location provides residents with convenient access to downtown Poughkeepsie, regional employers, educational institutions, and transportation infrastructure throughout the Hudson Valley. Nearby demand drivers include Vassar College, Marist College, Dutchess Community College, healthcare facilities, and the Metro-North commuter rail system, supporting long-term renter demand in the market.
Forbus Hill Apartments combines stabilized operations with future value-add potential. The community features one- and two-bedroom apartment homes within a landscaped residential setting and benefits from a history of updates and ongoing maintenance. The combination of durable occupancy, established operations, and rental upside presents investors with the opportunity to increase revenue while maintaining a stable multifamily asset in one of the Hudson Valley's most recognized residential markets.