Mixed-Use Property with 12
For Sale
$2,300,000
Pending
5-13 Academy Street, Poughkeepsie, NY 12601
Brick construction combines residential apartments with commercial space.
Property SizeContact for details
Days on Market172
Property Features for 5-13 Academy Street
General Information
Standard status
Pending
Property subtype
Multi Family
Units
Unit Mix
4 x 3BR, 4 x 2BR
Multifamily Units
8
Additional Details
Cap Rate
9%
Taxes and HOA fees
Annual Taxes
$39,124
Amenities
washer/dryer
No, No
Electric
Square Feet
Unfinished
Public
2+ Common Walls
No
Brick
Building Details
Year Built
1900
Year Renovated
2023
Tenancy
Multi
Listing Agency:
eRealty Advisors, Inc
(914) 712-6330
Listed By:
Yehuda Fischman
(914) 712-6330
Source:
Compass
Added: Mar 13
Changed: Aug 30
Last Checked: Aug 31 at 12:07AM
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 eRealty Advisors, Inc
Investment Insights
Based on property information with market context.
Located at 5-13 Academy Street in Poughkeepsie, the 1900-built mixed-use property contains 12 units: 8 residential apartments and 4 commercial units. The residential component includes four three-bedroom units, each with a washer/dryer, along with four two-bedroom apartments. Floor plans are available for potential conversion of the two-bedroom layouts into three-bedroom units.
Four units underwent complete gut renovations in 2023, while the remaining four residential units were renovated during the same year. Tenants pay all utilities except water. The building features brick exterior construction and includes electric ovens and ranges. The property also has the potential to add several units without extending the building, subject to applicable approvals and requirements.
Four units underwent complete gut renovations in 2023, while the remaining four residential units were renovated during the same year. Tenants pay all utilities except water. The building features brick exterior construction and includes electric ovens and ranges. The property also has the potential to add several units without extending the building, subject to applicable approvals and requirements.
Key Highlights
- 12 total units: 8 residential and 4 commercial
- Residential mix includes four three‑bedroom and four two‑bedroom units
- Four units were completely gutted and four were renovated in 2023
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines residential apartments with commercial space.
Where is this mixed-use property located?
The property is located at 5-13 Academy Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 12 total units: 8 residential and 4 commercial; Residential mix includes four three‑bedroom and four two‑bedroom units; Four units were completely gutted and four were renovated in 2023
