- Bedrooms: 3
- Bathrooms: 2
- Price: $399,999
Income-Generating Multifamily Property in the Heart of Kingston, NY & the Numbers Speak for Themselves. 25 South Prospect Street is a well-maintained 2-unit property currently generating rental income, offering an investor or owner-occupant immediate, stabilized returns in one of Ulster County's most vibrant and sought-after rental markets. Unit Breakdown: • Unit 1 — 2 Bedrooms | 1 Full Bath | Fixed-Term Lease • Unit 2 — 1 Bedroom | 1 Full Bath | Month-to-Month Tenant With one unit secured by a fixed-term lease and a second on a flexible month-to-month arrangement, this property offers the best of both worlds—guaranteed short-term stability combined with the option to reset rents, reposition the unit, or owner-occupy at your own pace. Beyond the income, this property offers the kind of outdoor amenities that renters prioritize and owners love. A fully fenced backyard provides rare private outdoor space in an urban setting—a premium feature that ensures tenant loyalty and justifies top-of-market rents. The deck adds further outdoor living appeal, while the shed offers practical storage that renters truly appreciate. A private driveway plus street parking ensures each tenant has a re