58 Street James Street, Kingston, NY

About 58 Street James Street

Own a piece of Kingston's storied charm with this fully stabilized, income-generating 17-unit apartment complex in the heart of Uptown. Featuring old-world architectural details like stamped tin ceilings, original hardwood floors, crown moldings, and restored trim work, this property offers historic character, modern upgrades, and ready to underwrite cashflow. The complex consists of a 14-unit main building and a detached 3-unit carriage house with a 1-car garage—ideal for long-term value and diverse rental income. This asset has been thoughtfully updated over the past several years, with most units renovated and improved. Interiors feature refinished hardwood floors (some exposed, some protected under carpet or newer flooring), fresh kitchens and baths, and maintained mechanical systems. The main building runs on a natural gas boiler and water heater, while the carriage house uses a separate forced-air gas furnace and hot water heater. Utilities are currently paid by the owner, simplifying tenant experience and stabilizing occupancy. Just steps from the Stockade District, your tenants will enjoy walkable access to some of Kingston's best—Rough Draft Bar & Books, Front Street Tavern, Kingston Farmers Market, Hotel Kinsley, and a growing list of boutiques, coworking spaces, and creative venues. Located in one of the Hudson Valley's fastest-growing, most culture-rich neighborhoods, this is a rare opportunity to buy into a 10 cap property with both immediate income and long-term upside.

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