Development Opportunity in Downtown
50 Academy Street, Poughkeepsie, NY 12601
- Added:
- Apr 7, 2026
- Days on Market:
- 37
- Last Refresh:
- May 13 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 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 7, Basement, Bathroom 1, Bedroom 9, Bedroom 4
- Parking
- 20
- Parking features
- Parking Lot, Oversize
- 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
Listing agent Ginalea Healy License #10401298074 (845) 224-4272
Listing office K. Fortuna Realty, Inc. 973 Main Street, Hopewell Jct., NY (845) 632-3492
Listing date Apr 7, 2026
MLS# 973933
Listing URL
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.
HighLights
- Unique assemblage: Multi‑family property with two adjoining vacant parcels.
- High‑density development potential: MU‑5 zoning allows for multi‑family, retail, office, and up to 7 stories.
- Value‑add opportunity: Renovate the existing multi‑family for strong rental income.
- Prime downtown location: Conveniently located near the business district, courthouse, and train station.
- Flexible zoning: Supports multiple development strategies and mixed‑use concepts.
- Strong rental demand: Positioned in a high‑demand rental market with ongoing city revitalization.
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
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.926941
- Latitude
- 41.700836
Nearby Similar for Sale
FAQs
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: Unique assemblage: Multi‑family property with two adjoining vacant parcels.; High‑density development potential: MU‑5 zoning allows for multi‑family, retail, office, and up to 7 stories.; Value‑add opportunity: Renovate the existing multi‑family for strong rental income.
