BEDS5
BATHS2 full
MLS#996901
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLKingston
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Electric
Heating: Electric
Lot Size: 0.56 Acres
Taxes: $13,156
Year Built: 1950
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Attic: Partially Finished
Building Area Total: 4544
Days on Site: 55
Exterior: Frame
On Market Date: 2026-05-21
Parcel Number: 510800.048.074-0001-046.000/0000
Parking Features: Parking Lot
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: Cable Available, Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Kingston High School
Middle School: J Watson Bailey Middle School
Elementary School: Harry L Edson School
School District: Kingston
Listed By / Shown By
Listing By
Agency Name: Exit Realty Connections
Agency Contact: 845-298-6034
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Estimated Payment
$ 2,090.64 per month $879.10 Principal & Interest $1,096.33 Property Tax $115.21 Homeowner's InsuranceChange Payment Information
Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
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460 Albany | MLS# 996901
This multi-family property located at 460 Albany, Kingston, NY 12401 is currently listed for sale with an asking price of $395,000. Albany is located within the Kingston school district. Search Kingston real estate on www.joycerealty.com today.