54 Academy Street, Poughkeepsie, NY 12601
Property image
Property image
FOR SALE

$700,000

    54 Academy Street, Poughkeepsie, NY 12601

    Est. Mortgage $4,734/mo*
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    Home Highlights

    Lot/Land

    Local Information

    • Map ViewExplore the area around 54 Academy Street.
    • Schools2 Elementary Schools1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    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.
    Last check for updates: about 10 hours ago
    Listing by: K. Fortuna Realty, Inc., (845) 632-3492
    Ginalea Healy, (845) 224-4272
    Source: OneKey® MLS as distributed by MLS GRID, MLS#974793
    Also Listed on OneKey® MLS as distributed by MLS GRID.

    Home Details for 54 Academy Street

    Exterior Features

    Parking & Garage
    No Carport
    Water & Sewer
    Sewer: Public Sewer

    Days on Market

    Cumulative Days on Market: 1Days on Market: 153

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Land
    Property Information
    Parcel Number: 1313006161210809810000

    Price & Status

    Price
    List Price: $700,000

    Active Status

    MLS Status: Active

    Location

    Direction & Address
    City: Poughkeepsie
    School Information
    Elementary School: Gov George Clinton SchoolJr High / Middle School: Poughkeepsie Middle SchoolHigh School: Poughkeepsie High SchoolHigh School District: Poughkeepsie City

    Agent Information

    Listing Agent
    Listing ID: 974793

    Community

    Not Senior Community

    Lot Information

    Lot Area: 6098 sqft

    Listing Info

    Special Conditions: None

    Offer

    Listing Agreement Type: Exclusive Right To Sell

    Miscellaneous

    Mls Number: 974793

    Around this home

    What Locals Say about Poughkeepsie

    At least 909 Trulia users voted on each feature.

    • 82 % Say car is needed

    • 82 % Say it's dog friendly

    • 75 % Say parking is easy

    • 69 % Say yards are well-kept

    • 68 % Say there's holiday spirit

    • 64 % Say there are sidewalks

    • 62 % Say kids play outside

    • 60 % Say there's wildlife

    • 58 % Say streets are well-lit

    • 56 % Say it's walkable to restaurants

    • 55 % Say people would walk alone at night

    • 54 % Say it's quiet

    • 52 % Say neighbors are friendly

    • 50 % Say they plan to stay for at least 5 years

    • 46 % Say it's walkable to grocery stores

    • 32 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • cmportune@gmail.com
      "I see people walking their dogs all the time. It seems to be no problem. "
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    • Lschuder
      "Lots of people own dogs, you would see constant neighbors walking them! Great neighborhood to walk or exercise."
      0
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    • Colleen marrin
      "I love it "
      1
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    • 97jrdwf5w2
      "The night walk over the Hudson is amazing and a can’t miss opportunity. College food trucks and pop up events keep the area hot. "
      1
      Flag
    • Jose Gonzalez
      "Poughkeepsie is an amazing town to live in. Moved from NYC and never regretting the decision. I welcome anyone who wishes to live in Poughkeepsie. "
      1
      Flag
    • Evooirene600
      "Public libraries with many programs and clubs ,for example gardening and board games. Local farms markets "
      1
      Flag
    • Andrina Simengwa
      "Public buses run on weekdays from early morning until late evening, providing transportation for commuters and local residents. On Saturdays, they operate with reduced hours but still maintain regular routes to serve shopping centers and community facilities."
      3
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    • Rebekah Hemingway
      "Ok, however im not used to the city. Except theres not a lot of busses. Theyre are busses, just not a lot. So you need a car to get where a short 14min car ride takes over 1 hr to bus or over 2- more hrs to walk some places. Say if this was albany we could catch a bus every 15-20mins 7days a week, pretty much every block and get anywhere you want."
      1
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    • Evooirene600
      "There is Traffic congestion during rush hours, moderate traffic otherwise, rt. 9 always busy, round abouts. Bridge traffic can be heavy."
      0
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    • Tiasteph2019
      "Although we only just moved into this section of the district—Crown Heights, or Nassau—we’ve actually been connected to this school community for a long time. My daughters have grown up visiting their friends here, and we’ve always known this area to be calm, peaceful, and family-friendly. "
      0
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    • Meeshzdunczyk
      "This neighborhood has great access to route 9 amenities and city of Poughkeepsie. Short drive to train stations for longer commutes"
      0
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    • Btissier323
      "There are many families here we have a tennis court and basketball court we can play pickle ball there is also a playground "
      0
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    • Trulia User
      "Mostly amazing with some days ruined by a few crazy drivers who need to retake drivers ed!!!!!!!!!!!!"
      0
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    • Edith Perez
      "The cultural diversity and the beautiful autumn colors. The Hudson River and the beautiful sunsets make this area unique. "
      1
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    • Sergio
      "Suburbs/Towns of Poughkeepsie are very safe. City of Poughkeepsie is a high crime area and should be visited with vigilance. "
      22
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    • Darryl Hendricks
      "It’s extremely quiet all year long. When someone has a party that is going to run late, they will let neighbors know ahead of time. "
      0
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    • Sarah Muller
      " Live near the town, Hyde Park School district. This spot is better than the city of Poughkeepsie, which is not so nice."
      15
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    • Trulia User
      "it's a nice area. most people pick up after their dogs. Dog owners and pups know each other.The barking is not bad at all. Most pups are friendly t"
      2
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    • Trulia User
      " I’ve lived here for 10 years and it has been a very safe and enjoyable neighborhood to live in. The schools are very good both public and parochial. There is great access to shopping, groceries and restaurants. There are lots of parks, museums and rail trails in the area. The city also has the walkway over the Hudson which is a great attraction. Access to NYVc is easy and 1:30 minutes on the train with a ride along the Hudson River. Overall the area is safe. The four seasons give a great opportunity to enjoy the holidays. "
      5
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    • Trulia User
      "I love this place. I feel safe living here and my children feel free to do what they want without having to worry about their safety. "
      1
      Flag
    • Eliasreyes.music
      "There are cultured festivals. High school games, the neighbors are so sweet and generous. They’ve become family to me. I don’t see myself living anywhere else"
      29
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    • Eliasreyes.music
      "There are friendly dogs everywhere. The dog park is beautiful here. People are very friendly. There are walking paths everywhere"
      8
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    • Danielle
      "My commute is okay - you def need a car to drive to places. I haven’t taken public transportation around here but college students might and it is friendly around there"
      9
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    • Danielle
      "Great families lovely neighborhood and just a great place to live. I think this is also a great neighborhood "
      2
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    • Freddie M. J.
      "easy commute to Westchester and the surrounding areas. Hopefully I will move closer to route 9 within a few months"
      1
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    • Danielle
      "Safe neighborhood, good schools and overall great environment for many famIlies and even for pets - love it"
      3
      Flag
    • Megw801
      "There are no sidewalks in this area of Poughkeepsie but I actually like that. The lack of sidewalks gives that suburban feel and I don’t like the idea of random people walking by my home."
      11
      Flag
    • Alberto B. Q.
      "there is a good choice of parks, but they are not always close by. Alternatively there are a lot of side walks."
      0
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    • Sherry M.
      "Several people have dogs and cats on the street that we live on. Neighbors are protective and keep an eye on speeders"
      0
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    • Eliasreyes.music
      "It’s awesome, I love living here. It’s so peaceful, my dogs and my daughter are very happy here. My neighbors are like family to me."
      5
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    • Ciara N. D.
      "The walkway give good overlook site of town lots of event take place on walkway.. or a nice place to walk or ride bikes with family and friends "
      2
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    • Ed
      "Great schools in town. Quiet place to raise your kids. Close proximity to metro north train and access to the city is great."
      6
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    • Jamilgafur
      "Ok The neighborhood is very safe and is a good place to raise a family very quiet private a real sense of family"
      5
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    • Luisroddi
      "Several festivals. Like Italian festival, Greek festival, lost of college activities. Etc. the area is full of outdoors activities "
      2
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    • Csalvad1
      "My friends live here and everything is great besides road maintenance It is located close to Poughkeepsie wappingers fishkill and beacon so there is a lot to do. I the neighborhoods are friendly and it has easy access to most main roads and highways. "
      0
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    • Pearl R.
      "There are community events. However, ALL are not always welcome. For the community to be so diverse, there's a lot of prejudice and judgement. It is a small community with a lot of negativity, drugs and gangs. Not a lot of free inner city activities and/or activities with small fees aren't close for non drivers."
      5
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    • Gina G
      "We have a lake for the residents, an annual carnival and community day, the schools are great and the people in the town are really good families, we have great sports leagues an all around great place to raise your kids. "
      0
      Flag
    • Coachkathycitera
      "It’s lovely here. Peaceful and lots of nature. Very private, blue ribbon schools. It is an executive neighborhood."
      0
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    • Sas62
      "I have lived in the Spackenkill part of Poughkeepsis over 20 years. Raised my children here and love the schools. People are friendly and very nice. "
      0
      Flag
    • Jaheim G.
      "I was born and lived in Poughkeepsie until I was 10 years old. It was always great to me. I remember going down by the river and waiting for the ice cream to come. Smith Street hot dogs, TJ’s Pizza, and La Deliziosa Pastry Shop are some of the best places to eat from if you’re visiting. "
      0
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    Market trends in Poughkeepsie

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $411K
    $5.83K    MoM
    Sale-to-List Price
    101.1%
    0.8%    MoM
    Price per sq ft
    $236
    $2    MoM
    Available listings
    216
    13    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    12 Lexington Avenue, Poughkeepsie, NY
    0.74
    Lot/Land
    $65,000
    08/12/26
    -
    -
    Cream Street, Poughkeepsie, NY
    0.39
    Lot/Land
    $385,000
    07/29/26
    -
    -
    95 S Grand Avenue, Poughkeepsie, NY
    1.21
    Lot/Land
    $50,000
    03/12/26
    -
    -
    Lot 712 Creek Road, Poughkeepsie, NY
    1.43
    Lot/Land
    $70,000
    10/15/25
    -
    -
    20-22 Johns Boulevard, Poughkeepsie, NY
    1.65
    Lot/Land
    $1,000
    07/29/26
    -
    -
    240 N Grand Avenue, Poughkeepsie, NY
    1.80
    Lot/Land
    $125,000
    10/08/25
    -
    -
    3550 Us Highway 9W, Highland, NY
    2.10
    Lot/Land
    $100,000
    06/01/26
    -
    -
    10 Thorns Lane, Highland, NY
    2.19
    Lot/Land
    $90,000
    08/11/26
    -
    -
    TBD Smith Terrace, Highland, NY
    2.35
    Lot/Land
    $105,000
    03/19/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    50 Academy Street, Poughkeepsie, NY 12601
    0.02
    $700,000
    9
    3
    3,828
    For Sale
    60 Noxon Street, Poughkeepsie, NY 12601
    0.04
    $720,000
    12
    4
    5,340
    For Sale
    67 Academy Street, Poughkeepsie, NY 12601
    0.05
    $675,000
    6
    6
    3,744
    For Sale
    79 Academy Street, Poughkeepsie, NY 12601
    0.08
    $985,000
    6
    6
    -
    For Sale
    81 ACADEMY Street, Poughkeepsie, NY 12601
    0.08
    $571,400
    11
    4
    3,040
    Off Market
    86 Montgomery Street, Poughkeepsie, NY 12601
    0.09
    $250,000
    4
    4
    2,719
    Recently Sold
    95 Cannon Street, Poughkeepsie, NY 12601
    0.14
    $299,500
    6
    3
    -
    For Sale
    29 S Hamilton Street, Poughkeepsie, NY 12601
    0.14
    $527,400
    6
    3
    2,904
    Off Market
    47 S Hamilton Street, Poughkeepsie, NY 12601
    0.12
    $419,200
    Studio
    -
    4,976
    Off Market
    94 Academy Street, Poughkeepsie, NY 12601
    0.12
    $425,000
    6
    2
    2,100
    For Sale
    12 Noxon Street, Poughkeepsie, NY 12601
    0.14
    $542,900
    8
    3
    2,652
    Off Market

    Price and Tax history

    DateEventPrice
    Apr 8, 2026
    Source: OneKey® MLS as distributed by MLS GRID #974793
    		Listed For Sale
    $700,000

    LGBTQ Local Legal Protections

    Ginalea Healy, K. Fortuna Realty, Inc., (845) 632-3492
    Agent Phone: (845) 224-4272
    Based on information submitted to the MLS GRID as of 2026-09-08 15:13:06 PDT 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. Click here for more information

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    Frequently asked questions about 54 Academy Street

    • How big is 54 Academy Street?
      54 Academy Street in Poughkeepsie, NY is about 0.14 acres (6,098 sq ft).
    • What is the price per acre for 54 Academy Street?
      54 Academy Street in Poughkeepsie, NY is listed at $700,000, or about $5.0M per acre.
    • What do residents say about Poughkeepsie?
      Residents describe Poughkeepsie, NY as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Poughkeepsie, NY.
    • What are the closest schools to 54 Academy Street?
      The closest schools to 54 Academy Street in Poughkeepsie, NY are Gov George Clinton School (Elementary, rated 2/10), Poughkeepsie High School (rated 2/10), Poughkeepsie Middle School (Elementary, rated 1/10).
    54 Academy Street, Poughkeepsie, NY 12601 is a lot/land. This property is currently available for sale and was listed by OneKey® MLS as distributed by MLS GRID on Apr 8, 2026. The MLS # for this home is MLS# 974793.