50 Academy ST Poughkeepsie, NY 12601 New

UPDATED: 04/09/2026 09:01 AM ON MARKET: 2 days on market

$700,000

9 Beds3 Baths3,049 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 973933

Bedrooms 9

Full Baths 3

Rental Info No

Year Built 1900

Annual Tax Amount $4,150

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Triplex

Source onekey2

Property Description

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.