# 50 Academy Street, Poughkeepsie, NY 12601

> **TL;DR:** 9bd/3ba residential multi family, $700,000, built 1900. Est. $3,033/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $700,000 |
| Bedrooms | 9 |
| Bathrooms | 3 full |
| Year Built | 1900 |
| Lot Size | 3,049 sqft (0.07 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,033 |
| **Total** | **$3,033** |

## Nearby Schools

- **High:** Poughkeepsie High School

## Property Highlights

- Built in 1900
- 0.07 acre lot
- 20 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 50 Academy Street, Poughkeepsie, NY 12601
- **County:** Dutchess County
- **Coordinates:** 41.700836, -73.926941
- **Google Maps:** https://www.google.com/maps?q=41.700836,-73.926941

## Listing Agent

- **Name:** Ginalea Healy
- **Brokerage:** K. Fortuna Realty, Inc.
- **Phone:** 8452244272
- **Email:** ginalea.healy@gmail.com

## Primary Photo

![50 Academy Street - Primary Photo](http://lh.rdcpix.com/08f5358b9ff280bd0f191c14bd5f5241l-f1905442155r.jpg)

*4 total photos available on [listing page](https://www.propertysimple.com/listing/50-academy-street-poughkeepsie-ny-12601-y973933)*

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**MLS#:** 973933 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/50-academy-street-poughkeepsie-ny-12601-y973933)

---

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