21 Main St - Apartments FOR SALE


Kingston, NY 12401- Uptown Kingston
$1,600,000 USD
845-622-5660
21 Main St, Kingston, NY for Sale
$1,600,000 USD
Apartments - FOR SALE
1/36
null | 9.06% Cap Rate

21 Main St
Kingston, NY 12401
Uptown Kingston


HIGHLIGHTS

  • High-yield, 11 unit multifamily in Uptown Kingston
  • Newly reimagined rear cottage delivered as fully leased 4-bedroom at closing
  • Strong unit mix of studios and one-bedrooms with consistent demand
  • Recent upgrades include kitchens, baths, boiler, and hot water systems
  • Located in T5N zoning allowing flexible residential and mixed-use strategies
  • Not subject to ETPA per housing office guidance

OVERVIEW

Built in the early 1900's, this classic Kingston Victorian has the kind of presence you can't replicate--steep front gable, layered rooflines, projecting bay windows, and a full-width covered porch that still functions as intended. The original structure remains intact in all the ways that matter: clapboard siding, strong proportions, and a raised foundation that gives the building both scale and durability. With the exception of the rear cottage, 10 units are fully leased, and none are subject to Kingston's ETPA rent control laws. The main building offers a balanced mix of studios and one-bedroom units, supported by new roofs, recent improvements to kitchens, baths, and core systems, along with extensive copper plumbing infrastructure and updated mechanicals. Tenant-paid heating in newly configured units further sharpens operational efficiency, and a complete reimagining of the rear cottage into a refined four-bedroom residence will be delivered fully leased at closing. Set within the flexible T5N zoning district and moments from the Stockade District, Uptown retail, and regional transit, the property holds long-term optionality while performing today. The location, infrastructure, and tenant profile converge into a clean, efficient investment--one that feels considered rather than assembled, and positioned to hold its ground and grow in value as the market continues to mature.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

11

PRICE/UNIT

$145,455

CAP RATE

9.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

T5-N

APN/PARCEL ID

0800-048.331-0004-014.000-0000

ASK ABOUT THIS PROPERTY

Zev EisenbergHudson Modern Co.More Info
845-622-5660

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

Zev EisenbergHudson Modern Co.More Info
845-622-5660

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