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50 Academy Street

Poughkeepsie, NY 12601
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Bed 9

Bed

Bath 3

Bath

Acres0.07

Acre(Lot)

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 possibil ities. 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $700,000

AD Id : 76914770

MLS Id : 973933

Beds : 9

Lot Size : 0.07 Acre

Year Built : 1900

County : Dutchess

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Basement: Full
  • Interior Features

    High Ceilings, Natural Woodwork
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Cooling: None

  • Building Information

    Year Built: 1900 Building Area Total: 3828 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Size Acres: 0.07 Lot Size Square Feet: 3049

  • Listing Price Information

    Listing Price: $700000

  • Tax Information

    Parcel Number: 131300-6161-21-084989-0000 Annual Tax: $4150.72

  • Parking Information

    Parking Total: 20 Common, Oversized, Parking Lot, Private

  • School Information

    Elementary School:
    Junior High School:
    Senior High School: Poughkeepsie High School
  • Utility Information

    Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected
  • Location Information

    Direction: Second right on Academy St. coming from the Mid Hudson Bridge WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 07/18/2026 @ 04:58

MLS: 973933 LISTED BY: Ginalea Healy, K. Fortuna Realty, Inc. 845-632-3492 SOURCE: OneKey MLS

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