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 |
|---|---|---|---|---|
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
Copyright 2026 OneKey® MLS. All rights reserved.
Based on information submitted to the MLS GRID
Listings courtesy of OneKey® MLS as distributed by MLS GRID
- 63 Cannon St
- 98 Montgomery St Unit 1
- 85 Cannon St
- 57 Cannon St
- 49 S Hamilton St Unit 2
- 12 Noxon St Unit 3
- 109 Montgomery St Unit 1C
- 65 S Hamilton St
- 337 Main St Unit 2F
- 1 S Hamilton St Unit 3
- 315 Main St Unit 3
- 15 Carroll St
- 38 Carroll St Unit 2
- 38 Carroll St Unit 1
- 296 Mill St Unit 3
- 9 Grand St Unit 2
- 49 Carroll St Unit 1
- 49 Carroll St
- 205 Union St Unit 2
- 52 S Bridge St Unit 1
Ask me questions while you tour the home.