54 Academy St

Poughkeepsie, NY 12601

$700,000
Price
6,098 / 0.14
Lot Size / Acres
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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...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.
  1. Listed by Ginalea Healy • K. Fortuna Realty, Inc.
    P: (845)-632-3492 C: (845)-224-4272 Ginalea.Healy@gmail.com

Property Details for 54 Academy Street

City/Township
Poughkeepsie
Zoning
C-2
LISTING UPDATED: 04/09/2026 03:09 AM

Property Details for 54 Academy Street

StatusActive
MLS #974793
Days on Market38
Taxes$1,321 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size0.14 AC
CountyDutchess County
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Location

Listing Courtesy of K. Fortuna Realty, Inc.
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Building Information for 54 Academy Street

Lot Size0.14 AC

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$3,635 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,525

Property Taxes

$110

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 54 Academy Street

Summary
Location and General Information
  • Senior Community YN: No
  • Directions: Route 9 to Academy St Route 44/55 to Cannon St to Academy
  • State Or Province: NY
School Information
  • School District: Poughkeepsie City
  • Elementary School District: Poughkeepsie City
  • Elementary School: Gov George Clinton School
  • Middle Or Junior School District: Poughkeepsie City
  • Middle Or Junior School: Poughkeepsie Middle School
  • High School District: Poughkeepsie City
  • High School: Poughkeepsie High School
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 131300-6161-21-080981-0000
  • Tax Assessed Value: $38,500.00
  • Tax Source: Municipality
  • Tax Year: 2025.0
Interior and Exterior Features
Interior Features
  • Amenities: Public
Exterior Features
  • Elevation Certificate: No
Lot Information
  • Current Use: Other
  • Additional Parcel: Yes
  • Building Area Units: Square Feet
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Property History for 54 Academy Street

DateEvent & SourcePriceAppreciation
Apr 8, 2026

Listed (Active)

ONEKEY #974793

$700,000—
DateEvent & SourcePrice
04/08/2026

Listed (Active)

ONEKEY #974793

$700,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 54 Academy Street

This home is within Poughkeepsie City School District.
Rating
School
Type
Grades
Distance
G W Krieger School
Public - K to 5
Poughkeepsie Middle School
Public - 5 to 8
Poughkeepsie High School
Public - 9 to 12
Smith Early Learning Center
Public - PK to 1
Rating
School
Distance
G W Krieger School
PublicK to 5

Poughkeepsie Middle School
Public5 to 8

Poughkeepsie High School
Public9 to 12

Smith Early Learning Center
PublicPK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 54 Academy Street, Poughkeepsie, NY 12601

54 Academy Street is a 0.14 ac of land for sale in Poughkeepsie, NY 12601. This property was listed for sale on April 8, 2026 by K. Fortuna Realty, Inc., it's currently listed at $700,000. This listing's school district is Poughkeepsie City School District. Nearby schools include G W Krieger School, Poughkeepsie Middle School and Poughkeepsie High School. 54 Academy Street is a 0-bed, 0-bath, 0.14 ac of land on a 6,098 sq. ft. / 0.14 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of K. Fortuna Realty, Inc.

Based on information submitted to the MLS GRID as of 04/09/2026 03:09 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.