Log In/Sign Up
Your email has been sent.
86-90 Pine St 6 Unit Apartment Building $660,000 ($110,000/Unit) 7.26% Cap Rate Kingston, NY 12401
Investment Highlights
- 6-unit multifamily in the heart of Kingston — one of the Hudson Valley's strongest and fastest-appreciating rental markets.
- Desirable unit mix — two renovated studios and four one-bedrooms, appealing to a broad and steady renter pool.
- Owner-operator or portfolio play — clean, manageable six-unit footprint ideal for first-time multifamily buyers or investors scaling in the region.
- Significant value-add upside — several legacy units renting well below market, with a clear path to higher rents as tenants turn over.
- Stabilized, income-producing asset — fully tenanted with reliable cash flow from day one.
- Strong rental demand — Kingston continues to draw renters priced out of the metro area, keeping quality multifamily tight and well-occupied.
Executive Summary
A six-unit multifamily building in the heart of Kingston, one of the Hudson Valley's strongest and fastest-appreciating rental markets. Six units under one roof -- a clean, manageable footprint ideal for an owner-operator or an investor establishing a foothold in the region.
The unit mix spans two studios and four one-bedrooms, with several units currently renting well below market. For the right buyer, that gap is the opportunity: a stabilized, income-producing asset today with clear room to grow as legacy units turn over and rents reset to current Kingston levels.
Kingston continues to draw renters priced out of the metro area -- demand that has kept quality multifamily tight and well-occupied.
This is the kind of building you buy for the cash flow and hold for the upside.
Financials and full rent roll available upon request.
The unit mix spans two studios and four one-bedrooms, with several units currently renting well below market. For the right buyer, that gap is the opportunity: a stabilized, income-producing asset today with clear room to grow as legacy units turn over and rents reset to current Kingston levels.
Kingston continues to draw renters priced out of the metro area -- demand that has kept quality multifamily tight and well-occupied.
This is the kind of building you buy for the cash flow and hold for the upside.
Financials and full rent roll available upon request.
Property Facts
| Price | $660,000 | Apartment Style | Low-Rise |
| Price Per Unit | $110,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.26% | Building Size | 6,874 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-2 | ||
| Price | $660,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,874 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0800-056.108-0003-001.000-0000 | Improvements Assessment | $171,000 |
| Land Assessment | $24,000 | Total Assessment | $195,000 |
Property Taxes
Parcel Number
0800-056.108-0003-001.000-0000
Land Assessment
$24,000
Improvements Assessment
$171,000
Total Assessment
$195,000
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
86-90 Pine St