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Listed by: Hudson Modern
$ 3,700,000
Est. payment /mo
New
260-264 Clinton AVE Kingston, NY 12401
32 Beds
32 Baths
10,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $370
MLS Listing ID 20254123
Bedrooms 32
Year Built 1900
Annual Tax Amount $35,050
Tax Year 35050
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Multi Family
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Located in one of the Hudson Valley's 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 circa
1900, these three-story buildings embody classic Hudson Valley architecture and
solid construction. On separate parcels, 264 Clinton Avenue offers 12 units on 0.19
acres, while 260 Clinton Avenue includes 20 units on 0.33 acres. Of the 32 total
units, all but one are single room occupancy, with one oversized one-bedroom unit -
as a result, neither building is restricted by ETPA laws.
Offered at a generous 8.6 cap rate, the diverse tenant base provides a stable rent
roll, with 12 units supported by nonprofit agencies through subsidized rental income.
Owner-paid utilities (except cable and internet) further simplify tenant management
and support long-term occupancy. Priced well below a replacement cost at 115,000
per unit, the property delivers dependable returns, making it a compelling acquisition
for seasoned investors and ideal for 1031 exchange buyers seeking immediate
income stability with significant future upside potential.
Positioned within Kingston's T5 Neighborhood Zone, the area's most flexible
mixed-use district, the property sits in the center of a thriving cultural and
commercial scene. Just steps from Uptown Coffee, Le Canard, Chleo, Lola's, the
Kingston Farmers Market, and Hotel Kingsley, residents benefit from walkable
access to restaurants, galleries, and nightlife. As part of the Uptown Historic
Stockade District—one of the fastest-appreciating submarkets in the Hudson
Valley—this offering combines reliable performance today with the upside of
long-term repositioning potential.
260 & 264 Clinton Avenue present an opportunity to own two fully rented,
income-producing multifamily assets at the heart of Uptown Kingston. Built circa
1900, these three-story buildings embody classic Hudson Valley architecture and
solid construction. On separate parcels, 264 Clinton Avenue offers 12 units on 0.19
acres, while 260 Clinton Avenue includes 20 units on 0.33 acres. Of the 32 total
units, all but one are single room occupancy, with one oversized one-bedroom unit -
as a result, neither building is restricted by ETPA laws.
Offered at a generous 8.6 cap rate, the diverse tenant base provides a stable rent
roll, with 12 units supported by nonprofit agencies through subsidized rental income.
Owner-paid utilities (except cable and internet) further simplify tenant management
and support long-term occupancy. Priced well below a replacement cost at 115,000
per unit, the property delivers dependable returns, making it a compelling acquisition
for seasoned investors and ideal for 1031 exchange buyers seeking immediate
income stability with significant future upside potential.
Positioned within Kingston's T5 Neighborhood Zone, the area's most flexible
mixed-use district, the property sits in the center of a thriving cultural and
commercial scene. Just steps from Uptown Coffee, Le Canard, Chleo, Lola's, the
Kingston Farmers Market, and Hotel Kingsley, residents benefit from walkable
access to restaurants, galleries, and nightlife. As part of the Uptown Historic
Stockade District—one of the fastest-appreciating submarkets in the Hudson
Valley—this offering combines reliable performance today with the upside of
long-term repositioning potential.
Location
State NY
County Ulster
Area Kingston, City
Zoning Com 1
Schools
High Schools Kingston Consolidated
School District Kingston Consolidated
Others
Tax ID 48.80
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