50 Academy ST Poughkeepsie, NY 12601
9 Beds
3 Baths
3,049 Sqft Lot
UPDATED:
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
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.
Location
State NY
County Dutchess County
Rooms
Basement Full
Interior
Interior Features High Ceilings, Natural Woodwork
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Common, Oversized, Parking Lot, Private
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Trash Collection Public
Total Parking Spaces 20
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Poughkeepsie City
School District Poughkeepsie City
Others
Senior Community No
Special Listing Condition None
Nearby Locations