52 Academy Street, Poughkeepsie, NY 12601
Dutchess County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Lot Size
0.13 acres
Days on Market
1
MLS® Listing#
974781
Property Features
Cooling
Heating
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$1,321
Assessed Value
$38,500
Parcel Number
131300-6161-21-082986-0000
Directions
Route 9 to Academy St Route 44/55 to Cannon Street to Academy Street
Affordability Calculator
$140,000
Estimated monthly payment
$3,726/mo
Principal $560,000 · Est. interest $781,250 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Poughkeepsie, NY
- $437,838
- Median Listing Price
- 38
- Median Days on Market
- 1,823
- Median Sq Ft
- $241
- Median Price / Sq Ft
- 182
- Active Listings
- This home’s price is 60% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Poughkeepsie, NY.
Location
Getting Around
Points of Interest in Poughkeepsie, NY
Showing the Poughkeepsie area map.
Nearby Schools
Clinton Elementary School
Elementary · 0.1 mi away
Poughkeepsie Public School Teachers
School · 0.3 mi away
Columbus Elementary School
Elementary · 0.5 mi away
Morse Young Magnet School
Elementary · 0.5 mi away
Smith Humanities Magnet School
School · 0.7 mi away
Warring Magnet Academy of Science and Technology
School · 0.7 mi away
The Institute for Holistic Health
School · 0.7 mi away
Poughkeepsie City School District
School · 0.8 mi away
Our Lady of Mt Carmel Faith Formation Program
School · 0.8 mi away
Poughkeepsie High School
Secondary · 0.8 mi away
Poughkeepsie Middle School
Secondary · 1.0 mi away
Holy Trinity School
School · 1.3 mi away
Arlington Central School District
Secondary · 1.4 mi away
Krieger Elementary School
Elementary · 1.4 mi away
Alumnae Alumni Vassar College
School · 1.5 mi away
Arthur S May School
Elementary · 1.7 mi away
Arlington Middle School
Elementary · 1.7 mi away
Wimpsheimer Nursery School at Vassar College
School · 1.8 mi away
Rose Hill Manor Day School of Highland
School · 2.0 mi away
Violet Avenue Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 506 Southview Drive, Poughkeepsie, NY | $495,000 | 2 | 3 | 1,955 |
| 11 Danspence Road, Poughkeepsie, NY | $495,000 | 4 | 2 | 1,900 |
| Freedom Plains Road, Poughkeepsie, NY | $499,000 | — | — | — |
| 43 Violet Avenue, Poughkeepsie, NY | $499,000 | — | — | 2,992 |
| 30 Orchard Park, Poughkeepsie, NY | $499,500 | 4 | 2 | 2,050 |
| 50 Raker Road, Poughkeepsie, NY | $499,900 | 3 | 2 | 1,708 |
Moving Cost Estimate
EXIT Agents in Poughkeepsie
Listing Courtesy: K. Fortuna Realty, Inc. - 8456323492
Presented by: Ginalea Healy
Fair Housing Notice