460 Albany, Kingston, NY 12401
Ulster County
Key Facts
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 Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1950
Living Area
4,544 sq ft
Lot Size
24,282 sq ft
Days on Market
30
MLS® Listing#
996901
Property Features
Cooling
Heating
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Harry L Edson School
- Middle:
- J Watson Bailey Middle School
- High:
- Kingston High School
Financial Details
Annual Taxes
$13,156
Parcel Number
510800.048.074-0001-046.000/0000
Affordability Calculator
$79,000
Estimated monthly payment
$2,102/mo
Principal $316,000 · Est. interest $440,848 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Kingston, NY
- $477,273
- Median Listing Price
- 45
- Median Days on Market
- 1,750
- Median Sq Ft
- $293
- Median Price / Sq Ft
- 65
- Active Listings
- This home’s price is 17% below the area median.
- Its price per sq ft is 70% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Kingston, NY.
Location
Points of Interest in Kingston, NY
Showing the Kingston area map.
Nearby Schools
Winter Bear Montessori School
Elementary · 0.8 mi away
Kingston City School District
School · 0.8 mi away
Frank L Meagher School
School · 0.8 mi away
Good Shepherd School
School · 1.0 mi away
Kingston High School
Secondary · 1.1 mi away
Fair Street Nursery School
School · 1.1 mi away
Chambers Elementary School
Elementary · 1.2 mi away
St Joseph's School
School · 1.2 mi away
Aunt Jenn's Early Learning Center
School · 1.2 mi away
George Washington Elementary School
Elementary · 1.3 mi away
Kingston Catholic School
School · 1.4 mi away
John F Kennedy Elementary School
Elementary · 1.5 mi away
J Watson Bailey Middle School
Secondary · 1.7 mi away
Harry L Edson Elementary School
Elementary · 1.8 mi away
Montessori School
Elementary · 1.9 mi away
Little Red School House
School · 2.0 mi away
M. Clifford Miller Middle School
Secondary · 2.7 mi away
E.R. Crosby Elementary School
Elementary · 2.9 mi away
Kristen Centers
School · 3.1 mi away
Robert Graves Elementary School
Elementary · 3.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5 Wilbur Avenue, Kingston, NY | $359,900 | 4 | 2 | 2,000 |
| 169 E Chester Street, Kingston, NY | $375,000 | 4 | 2 | 1,626 |
| 99 Moore Street, Kingston, NY | $377,000 | 4 | 2 | 1,623 |
| 94 Tammany Street, Kingston, NY | $424,900 | 4 | 3 | 1,804 |
| 233 Forest Hill Drive, Kingston, NY | $425,000 | 4 | 2 | 2,945 |
| 235 Smith Avenue, Kingston, NY | $449,000 | 6 | 3 | 2,583 |
Moving Cost Estimate
EXIT Agents in Kingston
Listing Courtesy: Exit Realty Connections - 8452986034
Fair Housing Notice