24 W Union Street, Kingston
MLS® # 20251265
Located in one of the most walkable and vibrant corners of the Hudson Valley, 95 Green Street is a rare opportunity to own a fully rented, 14-unit multifamily asset in the cultural and commercial core of Kingston. Built circa 1900, the building retains classic Hudson Valley charm and solid construction, with all units recently renovated. The units are 7 studios, including one oversized, and one with a balcony, 2 one bedroom apartments, 1 two bedroom apartment, and 4 efficiencies that share two bathrooms. 13 of the 14 units are subsidized with rental income largely coming from outside agencies which offer income stability. Aside from cable / internet, utilities are paid by the owner, simplifying tenant experience and stabilizing occupancy.
The structure rises 3 stories and includes a finished basement, with all units improved in the past 3 years, in addition to improvements to plumbing / septic, common areas, mailboxes, exterior paint, new hot water heater, new interior and exterior staircase, and lead paint removal. At just under 90K/unit, the property sits well below replacement cost, while still delivering stable rents from qualified tenants—making it an appealing asset for both seasoned investors and 1031 exchange buyers. Situated in the T5 Neighborhood zone—Uptown's most flexible, mixed-use district—this 6,600+ sq ft building is already performing, with immediate income and future potential.
The site sits on a 65' x 150' lot just steps from Rough Draft Bar & Books, Kingston Farmers Market, Hotel Kinsley, and the growing scene of restaurants, galleries, and nightlife that make Kingston one of the most desirable growth markets in the Hudson Valley. Whether you're looking to hold a stable income property or reposition down the line, this location supports it. You're in the heart of Kingston's Uptown Historic Stockade District—a rapidly appreciating area drawing attention from NYC buyers, boutique developers, and regional operators alike.
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