171-175 Henry St - Apartments FOR SALE


Kingston, NY 12401
$540,000 USD
845-309-7454
171-175 Henry St, Kingston, NY for Sale
$540,000 USD
Apartments - FOR SALE
1/16
null | 9.52% Cap Rate

171-175 Henry St
Kingston, NY 12401


HIGHLIGHTS

  • Fully occupied 4-unit multifamily offering immediate in-place income
  • Qualified Opportunity Zone location with long-term investment advantages
  • Walkable Kingston setting near restaurants, shops, arts, and everyday amenities
  • Manageable small multifamily scale ideal for steady ownership and simplified operations
  • Value-add upside through rent growth, unit refreshes, and improved management
  • Strong tenant demand fundamentals driven by Kingston’s limited rental inventory and urban lifestyle appeal

OVERVIEW

Positioned between Midtown and the Rondout, 171–175 Henry Street sits in one of Kingston’s most actively evolving residential pockets — close enough to walk to Broadway, local cafés, neighborhood restaurants, and the growing energy around the arts corridor, while still feeling grounded in a residential part of the city. The property consists of four fully occupied apartments producing immediate in-place income in a market where rental inventory remains persistently tight. The scale is part of the appeal. Four units allows for operational simplicity without sacrificing meaningful cash flow, making it well suited for investors seeking Kingston exposure without the complexity of larger assets. The building benefits from steady tenant demand driven by the city’s continued growth, proximity to major Hudson Valley destinations, and increasing pressure on the local housing supply. Located within a Qualified Opportunity Zone, the property also carries long-term strategic value beyond current income. Whether approached as a stable hold, light repositioning opportunity, or long-term appreciation play, this is the kind of Kingston multifamily asset that remains consistently liquid because it sits directly inside the path of the city’s ongoing reinvestment.

FOR SALE DETAILS

PRICE

$540,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

4

PRICE/UNIT

$135,000

CAP RATE

9.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,039 SF

ZONING

T4N

APN/PARCEL ID

0800-056.108-0003-042.000-0000

ASK ABOUT THIS PROPERTY

Zev EisenbergHudson Modern Co.More Info
845-309-7454

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Zev EisenbergHudson Modern Co.More Info
845-309-7454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.