$795,000

65 Academy Street, Poughkeepsie, NY 12601

5,912 sqft

Multi-Family Home
Built in 1938
5,663sqft lot
—— car garage
$134/sqft
Listed 27 days ago

Property Description

Welcome to an outstanding investment opportunity in the heart of Poughkeepsie, NY. This well-maintained five-unit apartment building combines charm, stability, and strong income potential — a rare find in today’s market. The property offers a desirable mix of units, including two spacious three-bedroom apartments, one comfortable two-bedroom apartment, and two studio apartments. This diverse layout appeals to a broad range of tenants and supports consistent occupancy. Ideally located, residents enjoy close proximity to Vassar College, Dutchess Community College, and Marist College, as well as shopping, restaurants, parks, and local schools. Commuters will appreciate convenient access to major highways and public transportation, including bus and train service to NYC, making this an attractive choice for those seeking both accessibility and a vibrant lifestyle. The building reflects clear pride of ownership and has been thoughtfully maintained. Three of the units were renovated approximately one year ago, enhancing both condition and rental appeal. Currently, all of the five units are occupied. With a strong local rental market and a prime location, this property offers reliable cash flow and meaningful long-term growth potential. Whether you are a seasoned investor or exploring your first multi-family purchase, this is a compelling opportunity in a consistently desirable area. All units are currently rented.

Listing Status:: Active
Data Last Updated:: March 26, 2026 at 4:20AM
Listing Office:: Howard Hanna Rand Realty : 845-562-0050
MLS ID:: 963813

Appliances: OvenRefrigerator
Basement: Partial
Flooring: CarpetLinoleumWood
A/C: None
Heating: Natural GasOil

Parking: On StreetParking Lot

Originating MLS: onekey2
School District: Poughkeepsie City
County: Dutchess County

Zoning: R-1131300-6161-21-091960-0000

Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Water: Public
Sewer: Public Sewer

Source: onekey2

This listing courtesy of Howard Hanna Rand Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Gov George Clinton School

100 Montgomery St, Poughkeepsie, NY, 12601

Grades 1-5

0.04 miles away

Poughkeepsie Middle School

55 College Ave, Poughkeepsie, NY, 12603

Grades 6-10

0.90 miles away

Poughkeepsie High School

70 Forbus St, Poughkeepsie, NY, 12603

Grades 9-12

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.