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Development Opportunity in Downtown Poughkeepsie

50 Academy Street, Poughkeepsie, NY 12601

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For Sale

$700,000

MULTI_FAMILY - Poughkeepsie, NY

Lot size:

0.07 Acres

HighLights

Brick multi‑family with 9 bedrooms, 3 bathrooms, and a basement (Year built 1900)
Includes 2 adjoining vacant parcels, offering an assemblage for expansion or redevelopment
MU‑5 (Mixed‑Use 5) zoning allows multi‑family plus retail, office, and service‑based uses
Zoning‑supported height up to 5 stories, with bonus height opportunities up to 7 stories
Utilities: public water and public sewer; heating is natural gas
Interior features include high ceilings and natural woodwork; parking includes an oversize parking lot

We can help!

Contact an agent

Ginalea Healy

For Sale

$700,000

MULTI_FAMILY - Poughkeepsie, NY

Lot size:

0.07 Acres

Added:: Apr 7, 2026
Days on Market:: 90
Last Refresh:: Jul 5 at 2:06 am

Property Features for 50 Academy Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 9
Bathrooms: 3
Rooms: Bedroom 9, Bathroom 2, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 8, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Basement
Parking: 20
Parking features: Oversize, Parking Lot
Interior features: High Ceilings, Natural Woodwork
Basement: Full
Standard status: Active
APN: 131300-6161-21-084989-0000
Lot size: 0.07 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 4151

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas
Water source: Public

Building Details

Year built: 1900
Number of units: 3
Building materials: Brick

We can help!

Contact an agent

Ginalea Healy

Listing agent Ginalea Healy License #10401298074

Listing office K. Fortuna Realty, Inc. 973 Main Street, Hopewell Jct., NY

Listing date Apr 7, 2026

MLS# 973933 Listing URL

HighLights

Brick multi‑family with 9 bedrooms, 3 bathrooms, and a basement (Year built 1900)
Includes 2 adjoining vacant parcels, offering an assemblage for expansion or redevelopment
MU‑5 (Mixed‑Use 5) zoning allows multi‑family plus retail, office, and service‑based uses
Zoning‑supported height up to 5 stories, with bonus height opportunities up to 7 stories
Utilities: public water and public sewer; heating is natural gas
Interior features include high ceilings and natural woodwork; parking includes an oversize parking lot

Overview

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 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. The zoning allows for up to 5 stories, with bonus height opportunities up to 7 stories. The property is positioned near amenities, transportation, and city revitalization efforts. It is located near the business district, courthouse, and train station. This presents an opportunity for an investor or developer looking to combine income with long-term upside in one of Poughkeepsie's growth areas. The lot size is 0.07 acres.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Poughkeepsie
County: Dutchess
State: New York
Longitude: -73.926941
Latitude: 41.700836

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For sale
Triplexes
NY
Poughkeepsie
12601
50 Academy Street

What type of property is this?

Triplex - Multi-family property with redevelopment potential in a rapidly evolving corridor.

Where is this triplex located?

The property is located at 50 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: Brick multi‑family with 9 bedrooms, 3 bathrooms, and a basement (Year built 1900); Includes 2 adjoining vacant parcels, offering an assemblage for expansion or redevelopment; MU‑5 (Mixed‑Use 5) zoning allows multi‑family plus retail, office, and service‑based uses

50 Academy Street, Poughkeepsie, NY 12601

MULTI_FAMILY - Poughkeepsie, NY

Property Features for 50 Academy Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flex Building with C-3 Zoning

Poughkeepsie Commercial Property For Sale

Turn-Key Office Building

Mixed-Use Retail Building with Parking

Freestanding Liquor and Deli Store

Office Building Needing Full Restoration

Single-Tenant Restaurant & Bar Building

Warehouse with Office Buildout

Office Warehouse Building with Elevator

Flex Industrial Building Zoned C-3

Poughkeepsie Colonial Two-Family Home

Poughkeepsie Multi-Tenant Office Asset

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