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Multi Family 2-4 in Ulster County
MLS Number960402
Address140 Albany Avenue, Kingston, NY 12401 show map
Price$499,000 show mortgage calculator
Acres0.13429752066116
Year Built1850
Est. Sq. Footage0
Elementary School
Jr High-Middle School
High SchoolKingston High School
Estimated Taxes$6,938
Total Apt Units3
Remarks

Three-Family Brick Investment Property Well-maintained brick three-family home in excellent condition, featuring recent upgrades that make this property a well-run, low-maintenance investment. Located in the heart of the City of Kingston, this turnkey asset offers charm, functionality, and strong upside potential. The property currently generates $4,750 in monthly rental income with separate utilities, with room to increase. Unit 1 in front has 2 floors, features a spacious living room, large dining area, and kitchen on the main level, with two bedrooms and a full bath upstairs. Through the kitchen, this unit also provides access to a large basement with bonus finished living space. Unit 2, is on first floor with a private entrance in middle, has been freshly painted and showcases beautiful original details, including hardwood floors, New kitchen cabinets, Bathroom and painted tin ceilings. Unit 3, accessed through a separate rear entrance, leads upstairs to a bright one-bedroom, one-bath apartment with a kitchen, living room, enclosed porch, hardwood floors, and original period features that reflect the home’s historic character. Additional highlights include separate utilities and three newer on-demand natural gas hot water heaters. This property offers excellent upside potential to strengthen your investment portfolio.

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