17 Downs Street, Kingston, NY 12401
Local realty services provided by:CENTURY 21 New West Properties
17 Downs Street,Kingston, NY 12401
$595,000
- 8 Beds
- - Baths
- 4,074 sq. ft.
- Multi-family
- Active
Listed by: sheneur menaker, zev eisenberg
Office: hudson modern
MLS#:20263090
Source:NY_MLSUC
Price summary
- Price:$595,000
- Price per sq. ft.:$146.05
About this home
A rare six-unit asset in one of Kingston's most opportunistic zoning transects. 17 Downs Street delivers a strong 8.19 cap rate on a 625,000 ask while sitting in a T5-Neighborhood (T5N) zone built for exactly the kind of upside that's getting harder to find in the Hudson Valley.
The unit mix is purpose-built for flexibility: two 2-bedrooms, two 1-bedrooms, and two studios, a spread that lets an owner play multiple tenant profiles -- long-term residential stability in the larger units, premium furnished or transitional rents in the smaller ones.
Here's where T5N earns its keep. Kingston's form-based code reserves its full short-term-rental (STR-F) permit type for T4 and T5 transects only -- 17 Downs sits in that eligible band. The same zone is written to encourage a diverse mix of residential building types, general retail, and small to medium-sized neighborhood-supporting commercial uses, putting boutique lodging, live-work, and ground-floor hospitality concepts genuinely on the table for a creative buyer. In a walkable, restaurant-dense city that has become a legitimate Hudson Valley destination, that hospitality optionality is the differentiator -- most multifamily product can't touch it.
Built in 1950, with the bones and scale that make Kingston's housing stock so livable, this is a clean opportunity with a second gear for an operator who wants to lean into Kingston's visitor economy.
Contact listing agent for offering memorandum and financials....
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Home facts
- Year built:1950
- Listing ID #:20263090
- Added:138 day(s) ago
- Updated:October 25, 2026 at 03:54 PM
Rooms and interior
- Bedrooms:8
- Living area:4,074 sq. ft.
Structure and exterior
- Year built:1950
- Building area:4,074 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$595,000
- Price per sq. ft.:$146.05
- Tax amount:$16,462
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