322 Albany Avenue, Kingston


6 Beds
5½ Baths
3,972 Sqft
.8 Acres
2 Garages

An extraordinary house that pays you to live in it: This handsome center-hall estate house, born in the 1820s but updated and expanded since, is beautifully situated on one of Kingston's oldest streets and features 3 income-generating pieces: the stately main house with 3 bedrooms and 2.5 baths; an attached 2-story extended family and / or guest apartment with a bedroom, bath, living room and kitchenette; plus a completely separate building at the back of the spacious property, with twin one-bedroom, one-bath apartments. The main house is currently home to "The Antique Stone House," a successful, legally permitted Bed & Breakfast that consistently ranks near the top regionally for customer satisfaction on TripAdvisor and other popular travel websites. The ongoing B&B business and the separate 2-family building currently generate more than $45,000 in annual revenue, with potential for more. Upgrade the 2-family and the extended family suite for even more B&B potential, or live privately and stylishly in the main house while generating significant income with the other structures. Even without the B&B, you can pay your property taxes (plus!) with rental income. Beyond its savvy economics, the property is stunning and private, on almost an acre of land despite its central location convenient to Uptown Kingston. The main house features an unusual double-sized living room with 2 fireplaces, coffered ceiling and symmetrical floor-to-ceiling windows on three exposures, plus a large dining room (with fireplace) that can seat 24, a private paneled den, and a charming sun room overlooking a swimming pool and gardens with slate patios that mirror the house's exterior. The house has central air-conditioning and no fewer than 5 wood-burning fireplaces that are currently used by the owners and guests. Other bygone architectural elements include deeply inset interior doors with quarter-paneling and over-sized surrounds, heavy brass door hardware and hinges, built-in bookcases (and a bank safe), floor-to-ceiling windows throughout the ground floor, a tiled foyer, and back staircase. The main house is connected to the extended family suite and a massive 2-car windowed garage by a slate-floored greenhouse. Recent upgrades include new roofs on the main house and garage, a central A/C compressor, pool liner and a completely renovated master bathroom.

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