50 Academy Street, Poughkeepsie, NY 12601
Local realty services provided by:CENTURY 21 American Homes
50 Academy Street,Poughkeepsie, NY 12601
$700,000
- 9 Beds
- 3 Baths
- 3,828 sq. ft.
- Multi-family
- Active
Listed by: ginalea healy
Office: k. fortuna realty, inc.
MLS#:973933
Source:OneKey MLS
Price summary
- Price:$700,000
- Price per sq. ft.:$182.86
About this home
Academy Street Development Opportunity
Multi-Family + 2 Vacant Parcels | Value-Add + Redevelopment Potential
Located in the heart of Downtown Poughkeepsie’s rapidly evolving corridor, this Academy Street offering presents a rare opportunity to acquire a multi-family property along with two adjoining vacant parcels, ideal for both immediate income and future development.
The existing multi-family structure features large residential units with strong rental potential, making it an attractive value-add investment. With renovations, this property can generate solid cash flow while providing a strategic hold for future expansion.
What truly sets this offering apart are the two additional vacant parcels, creating a unique assemblage that opens the door to a variety of redevelopment possibilities. Whether expanding the current building, constructing new residential units, or creating a mixed-use concept, the flexibility here is a major advantage.
Situated within the MU-5 (Mixed-Use 5) zoning district, the property allows for:
Multi-family residential development
Retail, office, and service-based uses
Potential for up to 5 stories (with bonus height opportunities up to 7 stories)
Developers and investors will appreciate the ability to maximize density in a high-demand rental market, all while being positioned near major amenities, transportation, and ongoing city revitalization efforts.
Additional highlights include:
Prime downtown location near business district, courthouse, and train station
Strong rental demand in the area
Flexible zoning supporting multiple development strategies
Opportunity to create scale with adjacent parcels
This is an ideal opportunity for an investor or developer looking to combine immediate income with long-term upside, in one of Poughkeepsie’s most active growth areas....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:973933
- Added:202 day(s) ago
- Updated:October 28, 2026 at 12:28 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Full bathrooms:3
- Basement:Yes
- Basement Description:Full
- Living area:3,828 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1900
- Building area:3,828 sq. ft.
- Lot area:0.07 Acres
- Construction Materials:Brick
Schools
- High school:Poughkeepsie High School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$700,000
- Price per sq. ft.:$182.86
- Tax amount:$4,151 (2025)
Features and amenities
- Amenities:High Ceilings
Parking
- Total parking spaces:20
- Parking description:Common, Parking Lot, Private
New listings near 50 Academy Street
- New
$399,900Active6 beds 4 baths3,044 sq. ft.100 Academy Street, Poughkeepsie, NY 12601
MLS# 1067669Listed by: CENTURY 21 HUDSON VALLEY RLTY. - New
$375,000Active2 beds 1 baths1,208 sq. ft.7 Carol Drive, Poughkeepsie, NY 12603
MLS# 1067343Listed by: HOULIHAN LAWRENCE INC. - New
$440,000Active-- beds -- baths1,944 sq. ft.157 Union Street, Poughkeepsie, NY 12601
MLS# 1067642Listed by: 360 PROPERTY MANAGEMENT - New
$460,000Active3 beds 2 baths1,600 sq. ft.165 E Dorsey Lane, Poughkeepsie, NY 12601
MLS# 1066747Listed by: KELLER WILLIAMS PRESTIGE PROP - New
$499,000Active3 beds 2 baths1,808 sq. ft.21 Vincent Road, Poughkeepsie, NY 12603
MLS# 1065647Listed by: BHHS HUDSON VALLEY PROPERTIES - New
$349,999Active3 beds 1 baths1,248 sq. ft.160 Smith Street, Poughkeepsie, NY 12601
MLS# 1066724Listed by: EXP REALTY - New
$875,000Active4 beds 2 baths2,516 sq. ft.579 Creek Road, Poughkeepsie, NY 12601
MLS# 1065852Listed by: FOUR SEASONS SOTHEBYS INTL - New
$179,900Active3 beds 2 baths952 sq. ft.98 Inwood Avenue #20, Poughkeepsie, NY 12601
MLS# 1065095Listed by: RIVER TO RIDGE RLTY ASSOCIATES - New
$209,900Active4 beds 3 baths1,358 sq. ft.7 Streit Avenue, Poughkeepsie, NY 12603
MLS# 1066430Listed by: RIVER REALTY SERVICES, INC. - Open Sun, 2 to 4pmNew
$375,000Active4 beds 1 baths1,527 sq. ft.28 Center Avenue, Poughkeepsie, NY 12601
MLS# 1066109Listed by: KELLER WILLIAMS REALTY