$330,000
SOLD FEB 24, 2025

172 Downs St Kingston, NY 12401

4 Beds
2 Baths
1,560 Sq Ft
3,598 Sq Ft Lot

Recently Sold

$212 Per Sq Ft

94 Days on Market

About This Home

As of February 2025

Built in 1915, the current owners have made significant updates to the building, including a new roof, new TimberTech front porch, bathroom renovation in the downstairs unit, and new carpet in the upstairs unit.

Each unit is 780 square feet, with two bedrooms and one bathroom. The spacious backyard is ripe for landscaping to add value to the property. Apartment 1 rents at $1,380 monthly, and Apartment 2 rents at $1490 monthly, for a total monthly rent of $2,870, $34,400 annually. With low expenses, as tenants pay their own utilities, this is an estimated 8% cap rate at the asking price of $330,000.

Midtown continues to grow, with new businesses lining Broadway and the surrounding streets. Rental units are in high demand, and while these tenants are in good standing, market rate rents could improve the property’s cash flow and cap rate significantly.

Both units are occupied, proof of funds required for showing. Advance notice required. Showing times: Sundays 12-4pm

Last Agent to Sell the Property

Harry McNamara

Country House Realty Inc Brokerage Phone: 845-397-2590 License #10401358959 Listed on: 09/17/2024

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,066

Year Built

  • Built in 1915 | Remodeled in 2023

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • George Washington Elementary School
  • J Watson Bailey Middle School
  • Kingston High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Additional Features

  • 2-Story Property
  • 3,598 Sq Ft Lot
  • Unfinished Basement

Community Details

  • 2 Units
  • 2 Separate Electric Meters

Listing and Financial Details

  • Tenant pays for all utilities, electricity, heat, water
  • Assessor Parcel Number 0800-048.318-0006-004.000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,066

Year Built

Built in 1915 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Levels: Two
  • Year Built: 1915
  • Year Built Effective: 2023
  • Attribution Contact: 845-397-2590
  • ResoBuildingAreaSource: PublicRecords
  • CurrentPrice: 330000.00
  • MlsMajorChangeType: Sold
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 3995157.3850
  • CurrentPrice_By_BuildingAreaTotal: 211.53846
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Full Bathrooms: 2
  • Basement: Unfinished
  • Total Bedrooms: 4
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • Waterfront: No

Garage/Parking

  • Parking Description: On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Electric, Baseboard
  • Sewer: Public Sewer
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: J Watson Bailey Middle School

Lot Info

  • Lot Size Acres: 0.0826
  • Lot Size Sq Ft: 3598
  • Parcel Number: 0800-048.318-0006-004.000-0000
  • Property Attached: No

Rental Info

  • Tenant Pays: All Utilities, Electricity, Heat, Water

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Insurance Expense: 2928

Tax Info

  • Tax Annual Amount: 5066
  • Tax Year: 2024

MLS Schools

  • Elementary School: George Washington School
  • High School: Kingston High School

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
Nov 3, 2021
Sold by
Akter Lipe
Bought by
Ajaf 7 Llc
Seller's Agent
Cindy Van Steenburg
Win Morrison Realty
Buyer's Agent
Heather Quaintance
Country House Realty, Inc.
List Price
$179,000
Sold Price
$175,000
Premium/Discount to List
-$4,000
-2.23%
Current Estimated Value
$317,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,438
Avg. Annual Appreciation
15.47%

Purchase Details

Listed on
Nov 20, 2017
Closed on
Dec 27, 2017
Sold by
Deutsche Bk Natl T Co Tr
Bought by
Akter Lipe
Seller's Agent
Catherine Lenz
Howard Hanna Rand Realty
Buyer's Agent
Cindy Van Steenburg
Win Morrison Realty
List Price
$59,900
Sold Price
$52,500
Premium/Discount to List
-$7,400
-12.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.60%

Purchase Details

Closed on
Mar 3, 2006
Sold by
Tenchar Joan and Carey Jeff
Bought by
Wizard Associates Llc

Purchase Details

Closed on
Dec 30, 2005
Sold by
Diana Realty Corp
Bought by
Tenchar Joan and Carey Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,050
Interest Rate
8%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $175,000 None Available
Deed $52,500 --
Bargain Sale Deed -- None Available
Bargain Sale Deed $179,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $170,050 Balloon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2025 02/24/25 Sold $330,000 0.0% $212 / Sq Ft
12/20/2024 12/20/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $330,000 +88.6% $212 / Sq Ft
11/05/2021 11/05/21 Sold $175,000 -2.2% $112 / Sq Ft View Prior Sale
05/06/2021 05/06/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $179,000 +241.0% $115 / Sq Ft
12/27/2017 12/27/17 Sold $52,500 -12.4% $34 / Sq Ft View Prior Sale
12/18/2017 12/18/17 Pending -- -- --
11/20/2017 11/20/17 For Sale $59,900 -- $38 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,826 $122,000 $15,000 $107,000
2023 $6,464 $122,000 $15,000 $107,000
2022 $6,276 $122,000 $15,000 $107,000
2021 $6,276 $122,000 $15,000 $107,000
2020 $4,278 $122,000 $15,000 $107,000
2019 $2,526 $122,000 $15,000 $107,000
2018 $3,982 $110,000 $14,000 $96,000
2017 $4,255 $110,000 $14,000 $96,000
2016 $4,235 $110,000 $14,000 $96,000
2015 -- $110,000 $14,000 $96,000
2014 -- $110,000 $14,000 $96,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: H6328187

OneKey® MLS

APN: 0800-048.318-0006-004.000-0000