54 Academy Street, Poughkeepsie, NY 12601

Poughkeepsie
Local realty services provided by:ERA Caputo Realty
54 Academy Street,Poughkeepsie, NY 12601
$700,000
  • 0.14 Acres
  • Lots / Land
  • Active
Listed by: ginalea healy
Office: k. fortuna realty, inc.
MLS#:974793
Source:OneKey MLS

Price summary

  • Price:$700,000

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

  • Listing ID #:974793
  • Added:44 day(s) ago
  • Updated:May 23, 2026 at 10:40 AM

Structure and exterior

  • Lot area:0.14 Acres

Schools

  • High school:Poughkeepsie High School
  • Middle school:Poughkeepsie Middle School
  • Elementary school:Gov George Clinton School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$700,000
  • Tax amount:$1,321 (2025)
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