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Multifamily Property with Vacant Parcels
For Sale
$700,000

54 Academy Street, Poughkeepsie, NY 12601

Land, Poughkeepsie, NY

Property SizeContact for details
Lot Size0.14 Acres
Days on Market162

Property Features for 54 Academy Street

General Information

Property type Land
Property subtype Other
Zoning C-2
Elementary school Gov George Clinton School
Middle school Poughkeepsie Middle School
High school Poughkeepsie High School
Elementary school district Poughkeepsie City
Middle school district Poughkeepsie City
High school district Poughkeepsie City
Directions Route 9 to Academy St Route 44/55 to Cannon St to Academy
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.
Listed By: Ginalea Healy · License #10401298074
Added: Apr 7 Changed: Aug 20 Last Checked: Sep 15 at 12:06PM
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.

This multifamily property at 54 Academy Street includes an existing residential structure with large units, along with two adjoining vacant parcels. The offering combines an operating residential component with additional land within the same assemblage. Renovation of the existing building is identified as part of the property’s potential, while the vacant parcels provide room for future expansion or redevelopment.

The property is located in downtown Poughkeepsie, near the business district, courthouse, and train station. Public water and public sewer serve the property. The site is classified with C-2 zoning, and the assemblage is positioned within a corridor described as undergoing city revitalization.

Key Highlights

  • Existing multifamily structure with large residential units
  • Two adjoining vacant parcels included in the assemblage
  • 0.14 acres of total lot area

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Computer & Electronic Repair Acupuncture Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,107
Businesses Nearby

Demographics for 12601, NY

44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Existing residential units are offered with two additional vacant parcels and C-2 zoning in downtown Poughkeepsie.
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: Existing multifamily structure with large residential units; Two adjoining vacant parcels included in the assemblage; 0.14 acres of total lot area
More about this property
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