205 Kallop Road, Kingston

Some properties hold history. This one holds it and pays rent.

Tucked in the village of Rosendale, a quietly hip hamlet in the Hudson Valley, this well-maintained three-unit multifamily carries the warmth and character of the 19th century into a decidedly 21st-century investment opportunity.

The first-floor tenant is already in place, contributing 2,200 per month toward your mortgage from closing day. That's not a projection, that's income on the books. Upstairs, two additional units offer a rare kind of optionality: keep them as separate rentals and maximize your cash flow, or open the connecting space and create a gracious three-bedroom single-family residence for yourself. This smart purchase provides a life changing flexibility to live beautifully, offset your expenses, and call the Hudson Valley home.

Beyond the units themselves, a climate-controlled studio workshop rounds out the property, a space that speaks to creatives, makers, remote workers, or anyone who values a dedicated place to build, think, or create. With its own HVAC, it functions year-round and lends the property an uncommon versatility rarely found in this price range.

The mature landscaping frames the property with the kind of natural beauty that takes decades to cultivate. There's a settledness here, a sense that the land and the structure have grown into each other, that you simply cannot manufacture in new construction.

Rosendale itself is no secret among those who know the Valley well. Straddling the Rondout Creek, it punches well above its size in culture, community, and charm. And its location is a genuine asset: Kingston is minutes away with its thriving restaurant scene, Woodstock and Saugerties are an easy drive, and New Paltz and the Shawangunk Ridge are just down Route 32. You're central to everything that makes Ulster County extraordinary.