260-264 Clinton Avenue, Kingston, NY 12401

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Property Description

Located in one of the Hudson Valleys most walkable and vibrant neighborhoods,260 & 264 Clinton Avenue present an opportunity to own two fully rented,income-producing multifamily assets at the heart of Uptown Kingston. Built circa1900, these three-story buildings embody classic Hudson Valley architecture andsolid construction. On separate parcels, 264 Clinton Avenue offers 12 units on 0.19acres, while 260 Clinton Avenue includes 20 units on 0.33 acres. A total of 32 units, neither building is restricted by ETPA laws.Offered at a generous 8.6 cap rate, the diverse tenant base provides a stable rentroll, with 12 units supported by nonprofit agencies through subsidized rental income.Owner-paid utilities (except cable and internet) further simplify tenant managementand support long-term occupancy. Priced well below a replacement cost at 115,000per unit, the property delivers dependable returns, making it a compelling acquisitionfor seasoned investors and ideal for 1031 exchange buyers seeking immediateincome stability with significant future upside potential.Positioned within Kingstons T5 Neighborhood Zone, the areas most flexiblemixed-use district, the property sits in the center of a thriving cultural andcommercial scene. Just steps from Uptown Coffee, Le Canard, Chleo, Lolas, theKingston Farmers Market, and Hotel Kingsley, residents benefit from walkableaccess to restaurants, galleries, and nightlife. As part of the Uptown HistoricStockade District???one of the fastest-appreciating submarkets in the HudsonValley???this offering combines reliable performance today with the upside oflong-term repositioning potential.

260-264 Clinton Avenue | MLS# 20254123

This multi-family property located at 260-264 Clinton Avenue, Kingston, NY 12401 is currently listed for sale with an asking price of $2,995,000. 260-264 Clinton Avenue is located within the Kingston Consolidated school district. Search Kingston real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Lot Size: 0.52 Acres
Taxes: $35,050
Year Built: 1900

Feature Descriptions

Days on Site: 197
Parcel #: 48.80
SQFT Total: 10000
Units: 32

Local Schools

School District: Kingston Consolidated

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Estimated Payment

$ 10,459.95 per month $6,665.57 Principal & Interest $2,920.83 Property Tax $873.54 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Hudson Modern

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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