Downtown Poughkeepsie Development
For Sale
$700,000
54 Academy Street, Poughkeepsie, NY 12601
Multi-family property with redevelopment potential in a prime downtown location.
Property SizeContact for details
Days on Market285
Property Features for 54 Academy Street
General Information
Standard status
Active
Property subtype
Land
Lease Term
[]
Listing Agency:
K. Fortuna Realty,Inc.
(845) 224-4272
Listed By:
Ginalea Healy · License #10401298074
(860) 868-0511
Source:
Matthewsgroupre
Added: Nov 19, 2025
Changed: Aug 28
Last Checked: Aug 30 at 6:08PM
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, suitable for immediate income and future development. The existing multi-family structure contains large residential units with rental potential, presenting a value-add investment opportunity. 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 (with bonus height opportunities up to 7 stories). The location is near the business district, courthouse, and train station. The zoning supports multiple development strategies, offering the opportunity to create scale with adjacent parcels. This property is suited for an investor or developer looking to combine immediate income with long-term upside in an active growth area.
Key Highlights
- Rare opportunity to acquire a multi‑family property with two adjoining vacant parcels in downtown Poughkeepsie.
- Significant redevelopment potential due to the combined parcels and flexible MU‑5 zoning.
- Existing multi‑family structure offers immediate income and value‑add 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Multi-family property with redevelopment potential in a prime downtown location.
Where is this commercial land located?
The property is located at 54 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: Rare opportunity to acquire a multi‑family property with two adjoining vacant parcels in downtown Poughkeepsie.; Significant redevelopment potential due to the combined parcels and flexible MU‑5 zoning.; Existing multi‑family structure offers immediate income and value‑add potential through renovations.
