260-264 Clinton Avenue

Description

Located in one of the Hudson Valley's most walkable and vibrant neighborhoods, 260 & 264 Clinton Avenue present an opportunity to own two fully rented, income-producing multifamily assets at the heart of Uptown Kingston. Built circa 1900, these three-story buildings embody classic Hudson Valley architecture and solid construction. On separate parcels, 264 Clinton Avenue offers 12 units on 0.19 acres, while 260 Clinton Avenue includes 20 units on 0.33 acres. A total of 32 units, neither building is restricted by ETPA laws. Offered at a generous 10 cap rate, the diverse tenant base provides a stable rent roll, with 12 units supported by nonprofit agencies through subsidized rental income. Owner-paid utilities (except cable and internet) further simplify tenant management and support long-term occupancy. Priced well below a replacement cost at 115,000 per unit, the property delivers dependable returns, making it a compelling acquisition for seasoned investors and ideal for 1031 exchange buyers seeking immediate income stability with significant future upside potential. Positioned within Kingston's T5 Neighborhood Zone, the area's most flexible mixed-use district, the property sits in the center of a thriving cultural and commercial scene. Just steps from Uptown Coffee, Le Canard, Chleo, Lola's, the Kingston Farmers Market, and Hotel Kingsley, residents benefit from walkable access to restaurants, galleries, and nightlife. As part of the Uptown Historic Stockade District--one of the fastest-appreciating submarkets in the Hudson Valley--this offering combines reliable performance today with the upside of long-term repositioning potential.