Downtown Poughkeepsie Development
For Sale
$700,000
50 Academy St, Poughkeepsie, NY 12601
Multi-family property with redevelopment potential in a prime downtown location.
Property Size3,828 SF
Days on Market130
Property Features for 50 Academy St
General Information
Standard status
Active
Size
3,828 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$4,150
Building Details
Building Size
3,828 SF
Year Built
1900
Units
3
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 16
Last Checked: Aug 16 at 6:24AM
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, presenting opportunities for immediate income and future development. The existing multi-family structure contains large residential units with rental potential, making it a value-add investment. Renovations could generate cash flow while providing a strategic hold for future expansion. The two vacant parcels create an assemblage that allows for 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 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 zoning supports multiple development strategies. The location has a walk score of 63, transit score of 52, and bike score of 30.
Key Highlights
- Multi‑Family Property with Two Adjoining Vacant Parcels: Unique assemblage offers immediate income potential and future development opportunities.
- MU‑5 Zoning: Allows for multi‑family residential, retail, office, and service‑based uses with potential for up to 7 stories.
- Value‑Add Opportunity: Existing multi‑family structure with large units and strong rental potential through renovations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,107
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-family property with redevelopment potential in a prime downtown location.
Where is this multifamily property located?
The property is located at 50 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: Multi‑Family Property with Two Adjoining Vacant Parcels: Unique assemblage offers immediate income potential and future development opportunities.; MU‑5 Zoning: Allows for multi‑family residential, retail, office, and service‑based uses with potential for up to 7 stories.; Value‑Add Opportunity: Existing multi‑family structure with large units and strong rental potential through renovations.
