Development Opportunity in Downtown
For Sale
$700,000
54 Academy Street, Poughkeepsie, NY 12601
Land, Poughkeepsie, NY
Property SizeContact for details
Lot Size0.14 Acres
Days on Market136
Property Features for 54 Academy Street
General Information
Property type
Land
Property subtype
Other
Zoning
C-2
Elementary school
Gov George Clinton School
Middle school
Poughkeepsie Middle School
High school
Poughkeepsie High School
Elementary school district
Poughkeepsie City
Middle school district
Poughkeepsie City
High school district
Poughkeepsie City
Directions
Route 9 to Academy St Route 44/55 to Cannon St to Academy
Standard status
Active
APN
131300-6161-21-080981-0000
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1321
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
K. Fortuna Realty, Inc.
(845) 632-3492
Listed By:
Ginalea Healy · License #10401298074
(845) 224-4272
Added: Apr 7
Changed: Aug 20
Last Checked: Aug 20 at 2:06PM
MLS# 974793
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.
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. The existing multi-family structure features large residential units with rental potential, presenting a value-add investment opportunity. The two vacant parcels create 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 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 property is in a high-demand rental market, supporting multiple development strategies. This assemblage of properties is suited for an investor or developer looking to combine income with long-term upside in an active growth area. The lot size is 0.14 acres.
Key Highlights
- Value‑add multi‑family property with two adjoining vacant parcels offering immediate income and future development potential.
- Flexible MU‑5 zoning allows for multi‑family residential, retail, office, and service‑based uses, with potential for up to 5‑7 stories.
- Prime downtown location near business district, courthouse, and train station.
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 vacant parcels in evolving downtown corridor.
Where is this multifamily property 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: Value‑add multi‑family property with two adjoining vacant parcels offering immediate income and future development potential.; Flexible MU‑5 zoning allows for multi‑family residential, retail, office, and service‑based uses, with potential for up to 5‑7 stories.; Prime downtown location near business district, courthouse, and train station.
