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  • $700,000

    60 Franklin Street, Kingston, NY 12401

    6beds
    --baths
    2,600sqft
    Quadruplex, Multi Family
    Built in 1940
    -- sqft lot
    $687,400 Zestimate®
    $269/sqft
    $-- HOA

    What's special

    Mix of unit sizesSpacious living arrangements
    Here's your chance to own a lucrative four-family property in the rapidly expanding city of Kingston! SELLER FINANCING is available for buyers interested in purchasing multiple—or all—properties in this portfolio. Fully occupied and producing a gross income of 78k annually and is at an 8 cap rate. This property is available for individual purchase, or you can acquire the entire portfolio, which includes five other investment properties—four in Kingston and one in Red Hook. This property is a fantastic opportunity for investors looking to capitalize on the area's growth. The property includes a mix of unit sizes to appeal to a broad range of tenants: two 2-bedroom, 1-bath units offering spacious living arrangements, and two 1-bedroom, 1-bath units perfect for singles or couples. The units range from 400 to 875 sq ft, catering to different tenant needs and maximizing rental potential. Tenants pay for all utilities except for water and sewer, keeping your expenses low and boosting your returns. This property is close to the city's growing selection of restaurants, shops, and cultural hotspots. The surge in popularity in Kingston make this an opportune time to invest, with the potential for increased rental income and property appreciation in the coming years. This option offers an incredible opportunity to expand your real estate holdings quickly and effectively. With Kingston's real estate market continuing to thrive, this is an opportunity you don't want to miss.
    55 days
    on Zillow
    |
    305
    |
    11
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    Zillow last checked: 7 hours ago

    Listing updated: April 21, 2025 at 04:43pm

    Listing by:

    Century 21 Alliance-NP 845-255-6163,

    Savannah Miceli 845-275-9259

    Source: HVCRMLS,MLS#: 20250494MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 60 Franklin Street.

    Next available tour time:Today at 7pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Appliances
    • Included: Refrigerator, Range
    Interior area
    • Total structure area: 2,600
    • Total interior livable area: 2,600 sqft
    • Finished area above ground: 2,600
    • Finished area below ground: 0

    Property

    Details
    • Additional structures: Garage(s)
    • Parcel number: 56.9313
    • Zoning: T4N-O - T4 Neig

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Kingston

    Financial & listing details

    • Price per square foot: $269/sqft
    • Tax assessed value: $240,000
    • Annual tax amount: $13,428
    • Date on market: 3/1/2025
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