58 Saint James St - Apartments FOR SALE


Kingston, NY 12401- Downtown Kingston
$2,000,000 USD
845-309-7454
58 Saint James St, Kingston, NY for Sale
$2,000,000 USD
Apartments - FOR SALE
1/45
null | 9.4% Cap Rate

58 Saint James St
Kingston, NY 12401
Downtown Kingston


HIGHLIGHTS

  • Fully leased and stabilized 17-unit complex with 9.4% cap rate
  • Prime walkable location in the heart of Uptown Kingston
  • 14 units in main building, 3 in detached carriage house
  • Historic architecture: tin ceilings, original hardwood, crown moldings
  • Assumable $1m loan to further improve initial cashflow
  • Units recently improved with updated kitchens and baths

OVERVIEW

Own a piece of Kingston’s storied charm with this fully stabilized, income-generating 17-unit apartment complex in the heart of Uptown. Featuring old-world architectural details like stamped tin ceilings, original hardwood floors, crown moldings, and restored trim work, this property offers historic character, modern upgrades, and ready to underwrite cashflow. The complex consists of a 14-unit main building and a detached 3-unit carriage house with a 1-car garage—ideal for long-term value and diverse rental income. Additionally, there is an assumable $1m loan to further improve initial cashflow. This asset has been updated over the past several years, with improvements to most units, balconies, tree removal, shrubbery around fence line, common areas, new mailbox, exterior paint job, and new hot tankless water heater. Interiors feature refinished hardwood floors (some exposed, some protected under carpet or newer flooring), fresh kitchens and baths, and maintained mechanical systems. The main building runs on a natural gas boiler and water heater, while the carriage house uses a separate forced-air gas furnace and hot water heater. Aside from cable / internet, utilities are paid by the owner, simplifying tenant experience and stabilizing occupancy. Located just steps from the Stockade District, your tenants will enjoy walkable access to some of Kingston’s best—Rough Draft Bar & Books, Front Street Tavern, Kingston Farmers Market, Hotel Kinsley, and a growing list of boutiques, coworking spaces, and creative venues in one of the Hudson Valley’s fastest-growing, most culture-rich neighborhoods. A rare opportunity to buy into a 10% cap property with both immediate income and long-term upside.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

17

PRICE/UNIT

$117,647

CAP RATE

9.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

O-2

APN/PARCEL ID

0800-056.092-0004-008.000-0000

ASK ABOUT THIS PROPERTY

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

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

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

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