50 Academy Street, Poughkeepsie, NY 12601

Poughkeepsie
Local realty services provided by:ERA Insite Realty Services
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)...

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Home facts

  • Year built:1900
  • Listing ID #:973933
  • Added:44 day(s) ago
  • Updated:May 23, 2026 at 10:40 AM

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
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