Property Description

Income-producing multi-family in the heart of Kingston, New York - and the numbers speak for themselves. 25 South Prospect Street is a well-maintained 2-family property currently generating rental income, offering an investor or owner-occupant an immediate, stabilized return in one of Ulster County's most vibrant and in-demand rental markets.Unit Breakdown: Unit 1 - 2 Bedrooms | 1 Full Bath |Fixed Term Lease Unit 2 - 1 Bedroom | 1 Full Bath | Month-to-Month TenantWith one unit secured on a fixed-term lease and a second on a flexible month-to-month arrangement, this property offers the best of both worlds - guaranteed near-term stability paired with the option to reset rents, reposition the unit, or owner-occupy at your own pace.Beyond the income, this property delivers the kind of exterior amenities that tenants prioritize and landlords love. A fully fenced backyard provides rare private outdoor space in an urban setting - a premium feature that commands tenant loyalty and justifies top-of-market rents. The deck adds additional outdoor living appeal, while the shed offers practical storage that tenants genuinely appreciate. A private driveway plus street parking ensures every tenant has a reliable place to park - one less headache for everyone.The basement washer and dryer hookups add significant everyday convenience, keeping tenants comfortable and long-term - one of the most requested features in the Kingston rental market today.Located on South Prospect Street in Kingston, New York, this property sits 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. Walkable to Uptown Kingston's acclaimed restaurant scene, boutique shops, and arts community, and minutes from the Rondout Waterfront, Amtrak rail service in Rhinecliff, and the I-87 corridor - this location draws and retains quality tenants with ease.Gross income with room to grow, a turnkey exterior 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 one pass you by.

Property Features

Local Schools