Development Opportunity in Downtown
54 Academy Street, Poughkeepsie, NY 12601
- Added:
- Apr 7, 2026
- Days on Market:
- 45
- Last Refresh:
- May 21 at 6:06 am
Property Features for 54 Academy Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- C-2
- 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 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# 974793
Listing URL
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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.
- Opportunity to maximize density in a high‑demand rental market.
- Strong rental potential in existing large residential units.
- Two vacant parcels create redevelopment possibilities, including expansion or mixed‑use concepts.
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 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.927139
- Latitude
- 41.700661
Nearby Similar for Sale
FAQs
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.
