Development Opportunity in Downtown
54 Academy Street Poughkeepsie, NY 12601
For Sale
$700,000
LAND - Poughkeepsie, NY
Lot Size0.14 Acres
Days on Market114
Property Features for 54 Academy Street
General Information
Property type
Land
Property subtype
Other
Zoning
C-2
Standard status
Active
APN
131300-6161-21-080981-0000
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1321
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
K. Fortuna Realty, Inc.
(845) 632-3492
Listed By:
Ginalea Healy · License #10401298074
(845) 224-4272
Added: Apr 7
Changed: May 12
Last Checked: Jul 29 at 1:06PM
MLS# 974793
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Downtown Poughkeepsie, this offering includes a multi-family property and two adjoining vacant parcels. The existing multi-family structure features large residential units with rental potential, presenting a value-add investment opportunity. The two vacant parcels create redevelopment possibilities, such as expanding the current building, constructing new residential units, or creating a mixed-use concept. Situated within the MU-5 (Mixed-Use 5) zoning district, the property allows for multi-family residential development, retail, office, and service-based uses, with potential for up to 5 stories (with bonus height opportunities up to 7 stories). The location is near the business district, courthouse, and train station. The property is in a high-demand rental market, supporting multiple development strategies. This assemblage of properties is suited for an investor or developer looking to combine income with long-term upside in an active growth area. The lot size is 0.14 acres.
Key Highlights
- Value‑add multi‑family property with two adjoining vacant parcels offering immediate income and future development potential.
- Flexible MU‑5 zoning allows for multi‑family residential, retail, office, and service‑based uses, with potential for up to 5‑7 stories.
- Prime downtown location near business district, courthouse, and train station.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-family property with vacant parcels in evolving downtown corridor.
Where is this multifamily property located?
The property is located at 54 Academy Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Value‑add multi‑family property with two adjoining vacant parcels offering immediate income and future development potential.; Flexible MU‑5 zoning allows for multi‑family residential, retail, office, and service‑based uses, with potential for up to 5‑7 stories.; Prime downtown location near business district, courthouse, and train station.
