- 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 reliable place to park—one less headache for everyone.
Basement laundry facilities add significant everyday convenience while keeping tenants comfortable and sticky—one of the most requested features in today's Kingston rental market.
Located on South Prospect Street in Kingston, NY, this property falls within the Kingston City School District and enjoys the full lifestyle appeal that has made Kingston one of the most sought-after cities in the Hudson Valley. Within walking distance of Uptown Kingston's acclaimed dining scene, boutique shops, and arts community, and just minutes from the Rondout Waterfront, Amtrak train service in Rhinecliff, and the I-87 corridor—this location attracts and retains quality tenants with ease.
Grossing income with room to grow, a turnkey outdoor package, and a Kingston address that sells itself—this is exactly the kind of asset Hudson Valley investors are actively competing for. Don't let this opportunity pass you by.
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