260-264 Clinton Ave - Apartments FOR SALE


Kingston, NY 12401- Uptown Kingston
$3,700,000 USD
845-309-7454
260-264 Clinton Ave, Kingston, NY for Sale
$3,700,000 USD
Apartments - FOR SALE
1/14
null | 8.59% Cap Rate

260-264 Clinton Ave
Kingston, NY 12401
Uptown Kingston


HIGHLIGHTS

  • Offered at 8.6% “true” cap rate
  • 32 fully rented units across two parcels
  • Stable tenant base with 12 subsidized leases
  • Strong income stability with owner-paid utilities
  • Prime Uptown Kingston location in cultural hub
  • Unregulated buildings in T5 zoning district

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$529 USD /SF

# OF UNITS

32

PRICE/UNIT

$115,625

CAP RATE

8.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

*Unregulated* Uptown Kingston Multi-Families

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

T-5

APN/PARCEL ID

0800-048.080-0001-015.000-0000

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.