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$92,000
1012543 MLS
Build your vision at 38 Hoffman Street, Poughkeepsie, NY! This rare vacant and cleared lot offers an excellent opportunity for builders, investors, or homeowners looking to create something of their own in the heart of the City of Poughkeepsie. Conveniently located near Albany Street with easy access to major roadways and the Metro North train station, the property is within walking distance to local bakeries, restaurants, shopping, and other neighborhood amenities. Connected to municipal water and sewer, this parcel may offer the potential for a single family home, duplex, or other residential development subject to municipal approvals. With very little buildable land remaining in the city and limited new construction opportunities available, this is a unique chance to secure a ready to build lot in a growing area. The seller is motivated and looking to sell quickly, so please bring your highest and best offer the first time. Opportunities like this are becoming increasingly difficult to find.

38 Hoffman Street, Poughkeepsie

$700,000
974793 MLS
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.

54 Academy Street, Poughkeepsie

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