58 St James St Kingston, NY 12401
Estimated payment $13,080/month
About This Home
Own a piece of Kingston's storied charm with this fully stabilized, income-generating 17-unit apartment complex in the heart of Uptown. Featuring old-world architectural details like stamped tin ceilings, original hardwood floors, crown moldings, and restored trim work, this property offers historic character, modern upgrades, and ready to underwrite cashflow. The complex consists of a 14-unit main building and a detached 3-unit carriage house with a 1-car garage—ideal for long-term value and diverse rental income.
This asset has been thoughtfully updated over the past several years, with most units renovated and improved. Interiors feature refinished hardwood floors (some exposed, some protected under carpet or newer flooring), fresh kitchens and baths, and maintained mechanical systems. The main building runs on a natural gas boiler and water heater, while the carriage house uses a separate forced-air gas furnace and hot water heater. Utilities are currently paid by the owner, simplifying tenant experience and stabilizing occupancy.
Just steps from the Stockade District, your tenants will enjoy walkable access to some of Kingston's best—Rough Draft Bar & Books, Front Street Tavern, Kingston Farmers Market, Hotel Kinsley, and a growing list of boutiques, coworking spaces, and creative venues. Located in one of the Hudson Valley's fastest-growing, most culture-rich neighborhoods, this is a rare opportunity to buy into a 10 cap property with both immediate income and long-term upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,193
Year Built
- Built in 1960
Lot Details
- 0.29 Acre Lot
Home Design
- 6,055 Sq Ft Home
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Community Details
- 16 Units
Listing and Financial Details
- Legal Lot and Block 056 / 092
- Assessor Parcel Number 56.92-4-8
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | For Sale | $2,000,000 | +25.8% | $330 / Sq Ft |
| 03/01/2023 03/01/23 | Sold | $1,590,000 | 0.0% | -- |
| 12/04/2022 12/04/22 | Off Market | $1,590,000 | -- | -- |
| 12/04/2022 12/04/22 | Pending | -- | -- | -- |
| 11/16/2022 11/16/22 | For Sale | $1,695,000 | 0.0% | -- |
| 10/28/2022 10/28/22 | Pending | -- | -- | -- |
| 10/04/2022 10/04/22 | Price Changed | $1,695,000 | -5.6% | -- |
| 09/19/2022 09/19/22 | Price Changed | $1,795,000 | -4.3% | -- |
| 08/26/2022 08/26/22 | Price Changed | $1,875,000 | -1.1% | -- |
| 07/11/2022 07/11/22 | Price Changed | $1,895,000 | -4.1% | -- |
| 06/08/2022 06/08/22 | Price Changed | $1,975,000 | -1.3% | -- |
| 05/20/2022 05/20/22 | For Sale | $2,000,000 | +185.7% | -- |
| 12/18/2019 12/18/19 | Sold | $700,000 | 0.0% | -- |
| 04/01/2019 04/01/19 | Off Market | $700,000 | -- | -- |
| 11/28/2018 11/28/18 | Price Changed | $875,000 | -2.2% | -- |
| 11/01/2018 11/01/18 | Price Changed | $895,000 | -10.5% | -- |
| 10/06/2018 10/06/18 | For Sale | $1,000,000 | -- | -- |
Source: Hudson Valley Catskills Region Multiple List Service
MLS Number: 20252542
APN: 510800 56.92-4-8
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