460 Albany, Kingston, NY, 12401
$395,000
activeBedrooms
5
Bathrooms
2
Lot Size
24,282 sqft
Year Built
1950
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Siobhan Brosnan, Exit Realty Connections
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jun 20, 2026, 5:09 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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