3 Kingston Area Multi-Family Properties For Sale

Kingston NY Real Estate

There are some great multi-family investment properties available in the Kingston New York Area. 

Spring has finally arrived! You would be the odd man out if the pleasant breezes and sunshine weren’t serving as a wake-up call, reminding you of all the goals you let lie quietly under the crusty ice of the 2017-2018 winter. Did you mean to start a new project and just lack the motivation? Maybe you had financial goals that you just didn’t have the gumption to act on.

It’s a good time to dip your toe into the rental market. As of April 1^st the number of residential properties for sale in the city of Kingston was down 17% over the same period in 2017. Tight inventory can translate into a great rental market. When potential homebuyers are faced with too few choices, or prices they feel have been inflated by low market inventory, they often choose to continue to rent until something in the market shifts. So, if adding to your local real estate portfolio, or making a practical choice about your living situation by purchasing a multi-family property to live in was on your list, here three Kingston area properties that might interest you.

161 West Main Street, Port Ewen, NY 12466

Here’s a sweet little money-maker. This is a well-maintained two-family home just blocks from Broadway in Port Ewen. Built in 1890, the exterior is traditional and well-maintained, with an easily maintained .13 acre yard, and a bonus barn for storage. Downstairs there’s a spacious three-bedroom/one-bath apartment. Upstairs, a charming two-bedroom/one-bathroom apartment with original beamed ceilings and a little sunroom (with hook-ups for laundry room). But the best part is the two separate electric meters and two separate heating units in basement, allowing tenants to be fully responsible for their own utilities. Sit back and collect the rent with this one; there are long-term tenants who would love to stay.    

63-71 Hudson Street, Kingston, NY 12401

Be a part of the lovely Rondout Creek area. This is a gorgeous home, a great choice for someone who’d like to live in one unit and rent out the other. This Rondout classic has two newly renovated apartments, each 1,150 square feet. There are beautifully restored hardwood floors, restored woodwork, a new top-of-the-line heating system, and a great new porch to enjoy the view of Rondout Creek, as well as new retaining walls. Every convenience has been considered; off street parking,  a washer dryer connection in the basement, an outside terrace and a wooded area in back encourage the use of the .19 acre lot, and there’s potential for a beautiful artist studio in the third floor attic space. Just a few blocks from the waterfront restaurants, shops, and the marina. This one is move-in ready.

140 Parsell Street, Kingston, NY 12401

Imagine waking up every morning to a glorious sunrise over the majestic Hudson River! This charming 1940's two-family is located in the sweet little hamlet of Sleightsburg - just outside Kingston. Perched on a hill, this gem includes two large turnkey one-bedroom apartments. The spacious first-floor apartment features high ceilings, an updated eat-in kitchen, bathroom, gleaming hardwood floors, washer & dryer, and dishwasher. Walk out the back door and take in the lush perennial garden overlooking the Hudson. The second floor apartment features an updated kitchen, dining and living area, washer & dryer, and a half bath. The spiral staircase brings you to a large bedroom with an amazing river view, an oversized bathroom, and plenty of storage. Both apartments offer fantastic outdoor living on the front porch and large back deck – complete with postcard perfect, four season views. There’s a full, dry basement, with separate utility meters for each unit. Just a three minute drive to the historic Rondout district, five minutes to the heart of Kingston, five minutes to major shopping, twenty five minutes to Woodstock, and a half hour to Poughkeepsie and Metro North.

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