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Lake Katrine, NY Multifamily Home for Sale

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    $875,000

    • 7 Beds
    • 4 Baths
    • 3,584 Sq Ft

    16 Fording Place Rd, Lake Katrine, NY 12449

    Discover an exceptional investment opportunity with this recently renovated and well maintained 4-unit building, perfectly positioned to generate steady rental income with a CAP rate at 8. Nestled on a lovely 0.60-acre lot, this custom 4 unit home sits atop a full, poured concrete foundation allowing for the possibility of additional rental income from the storage space below.This property

    Rodney Batista Howard Hanna Rand Realty

    16 Fording Place Rd, Lake Katrine, NY 12449

Why Live in Lake Katrine

Lake Katrine, NY, is a small hamlet situated between the Town of Saugerties and Kingston. Divided by U.S. Route 9W, the area features large chain stores and residential streets bordering Esopus Creek, popular for fishing and boating. The western side of Lake Katrine includes quiet neighborhoods with older starter homes, split-level, bi-level, and ranch-style houses, as well as minimalist Colonial Revivals. The community also hosts Watermill Townhouses, a 55-plus community attracting retirees. East of Route 9W, undeveloped woodlands and secluded properties like midcentury modern designs and log cabins offer scenic views and private docks. Recreational opportunities abound with Ulster Landing County Park, Charles Rider Park, and Robert E. Post Memorial Park providing riverfront amenities such as picnic areas, playgrounds, and hiking trails. Sojourner Truth State Park offers paved trails and a modern pavilion, while Bluestone Wild Forest is known for ice fishing. Route 9W is a hub for shopping and dining, featuring major retailers like Target and Sam's Club, and local favorites like Casa Vallarta Mexican Restaurant and Reginato Ristorante. Kingston High School, part of the Kingston City School District, is highly rated and offers various extracurricular activities. Residents enjoy proximity to annual events like the Hudson Valley Garlic Festival and Kingston's weekly live music and celebrations. Commuting is convenient with Ulster County Area Transit bus services and access to the New York State Thruway, leading to Albany International Airport 60 miles north and New York City 103 miles south.

Home Trends in Lake Katrine, NY

Housing Trends

Median Sale Price
$350,000
Median Single Family Sale Price
$380,000
Median Townhouse Sale Price
$319,000
Median 2 Bedroom Sale Price
$350,000
Average Price Per Sq Ft
$236
Number of Homes for Sale
6
Last 12 months Home Sales
36
Months of Supply
2.00
Median List Price
$350,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
25%
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