50 Academy St Poughkeepsie, NY 12601
Estimated payment $4,032/month
Highlights
- High Ceiling
- Woodwork
- 5-minute walk to Harriet Tubman Park
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) 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,151
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Additional Parcels
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- Woodwork
- High Ceiling
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Parking
- 20 Parking Spaces
- Private Parking
- Common or Shared Parking
- Parking Lot
Schools
- Poughkeepsie High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 131300-6161-21-084989-0000
Community Details
Overview
- 3 Units
Building Details
- 3 Separate Electric Meters
- 1 Separate Gas Meter
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,151 | $189,800 | $29,700 | $160,100 |
| 2024 | $4,151 | $164,200 | $29,700 | $134,500 |
| 2023 | $3,565 | $154,900 | $29,700 | $125,200 |
| 2022 | $3,261 | $129,100 | $27,000 | $102,100 |
| 2021 | $3,171 | $106,700 | $27,000 | $79,700 |
| 2020 | $2,720 | $88,900 | $27,000 | $61,900 |
| 2019 | $2,523 | $74,100 | $27,000 | $47,100 |
| 2018 | $2,593 | $69,900 | $27,000 | $42,900 |
| 2017 | $2,378 | $69,900 | $27,000 | $42,900 |
| 2016 | $2,659 | $72,800 | $27,000 | $45,800 |
| 2015 | -- | $75,000 | $27,000 | $48,000 |
| 2014 | -- | $75,000 | $27,000 | $48,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/08/2026 04/08/26 | For Sale | $700,000 | -- | $183 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: OneKey® MLS
MLS Number: 973933
APN: 131300-6161-21-084989-0000
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