Downtown Poughkeepsie Development
For Sale
$700,000
54 Academy St, Poughkeepsie, NY 12601
Multi-family property with redevelopment potential in a prime downtown location.
Property SizeContact for details
Days on Market130
Property Features for 54 Academy St
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$1,320
Listing Agency:
K. FORTUNA REALTY, INC.
(845) 224-4272
Listed By:
Ginalea Healy · License #10401298074
(845) 224-4272
Source:
Elliman
Added: Apr 9
Changed: Aug 8
Last Checked: Aug 8 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of K. FORTUNA REALTY, INC.
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 contains large residential units with rental potential, presenting a value-add investment opportunity. The two vacant parcels allow for redevelopment possibilities, including expanding the current building, constructing new residential units, or creating a mixed-use concept. The property is situated within the MU-5 (Mixed-Use 5) zoning district, which allows for multi-family residential development, retail, office, and service-based uses, with the potential for up to 5 stories and bonus height opportunities up to 7 stories. The location is near the business district, courthouse, and train station. The area has strong rental demand. The property is located in an active growth area and is suitable for investors or developers looking to combine immediate income with long-term upside. The bike score is 30, indicating it is somewhat bikeable. The walk score is 63, indicating it is somewhat walkable. The transit score is 52, indicating good transit.
Key Highlights
- Value‑add multi‑family property with two adjoining vacant parcels for redevelopment potential.
- Prime downtown Poughkeepsie location near business district, courthouse, and train station.
- MU‑5 zoning allows for multi‑family, retail, office, and service‑based uses, with potential for up to 7 stories.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,487
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Multi-family property with redevelopment potential in a prime downtown location.
Where is this residential land & home lot located?
The property is located at 54 Academy St 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 for redevelopment potential.; Prime downtown Poughkeepsie location near business district, courthouse, and train station.; MU‑5 zoning allows for multi‑family, retail, office, and service‑based uses, with potential for up to 7 stories.
