Located in the heart of the rapidly evolving Midtown Kingston corridor, this mixed-use investment property offers immediate cash flow with substantial upside potential. The property consists of three units, including two occupied residential apartments and one vacant commercial space with the possibility of conversion to an additional residential unit, subject to municipal approvals.
Unit one features a spacious two-bedroom layout, while unit two offers a large two-bedroom floor plan with an additional den, ideal for a home office, guest room, or flex space. Both residential units are occupied by paying tenants in good standing, providing stable existing income from day one.
The vacant commercial space presents a compelling value-add opportunity for investors seeking to maximize returns through redevelopment or residential conversion. With a private parking lot and flexible configuration options, the property is well-positioned to capitalize on the continued growth and demand in Midtown Kingston.
Projected rental income has the potential to exceed $5,000 per month once fully optimized. Conveniently located near restaurants, shops, the arts district, Uptown Kingston, and the Rondout waterfront, this is an opportunity to invest in one of the Hudson Valley's most active and expanding markets.
Ideal for investors, owner-occupants, or those seeking a mixed-use asset with long-term growth potential.
Listing Details
$395,000
$13,156
Active
Single Family
996901
5/20/2026
17 Day(s) Ago
Property Details
460 Albany
Kingston
NY
12401
Ulster
4,544
5
2 full
Partially Finished
Frame
1950
