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17 Downs Street

Kingston, NY 12401
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Bed 8

Bed

Bath 0

Bath

SqFt4,074

Sqft

Acres0.15

Acre(Lot)

A rare six-unit asset in one of Kingston's most opportunistic zoning transects. 17 Downs Street delivers a strong 8.19 cap rate on a 625,000 ask while sitting in a T5-Neighborhood (T5N) zone built for exactly the kind of upside that's getting harder to find in the Hudson Valley. The unit mix is purpose-built for flexibility: two 2-bedrooms, two 1-bedrooms, and two studios, a spread that lets an owner play multiple tenant profiles -- long-term residential stability in the larger units, premium furnished or transitional rents in the smaller ones. Here's where T5N earns its keep. Kingston's form-based code reserves its full short-term-rental (STR-F) permit type for T4 and T5 transects only -- 17 Downs sits in that eligible band. The same zone is written to encourage a diverse mix of resid ential building types, general retail, and small to medium-sized neighborhood-supporting commercial uses, putting boutique lodging, live-work, and ground-floor hospitality concepts genuinely on the table for a creative buyer. In a walkable, restaurant-dense city that has become a legitimate Hudson Valley destination, that hospitality optionality is the differentiator -- most multifamily product can't touch it. Built in 1950, with the bones and scale that make Kingston's housing stock so livable, this is a clean opportunity with a second gear for an operator who wants to lean into Kingston's visitor economy.

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Detail Ic Property Details

Property Type : Residential Income

Price : $625,000

AD Id : 81594269

MLS Id : 20263090

Beds : 8

Lot Size : 0.15 Acre

Living Area Size : 4,074

Tax Amount : 16462.00

Year Built : 1950

County : Ulster

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Feature Features

  • Bedroom Information

    Total beds: 8

  • Building Information

    Year Built: 1950 Building Area Total: 4074 Private Pool: No

  • Lot Information

    Main Square Feet: 0.15 Acres Lot Size Acres: 0.1492 Lot Size Square Feet: 6499.15

  • Listing Price Information

    Listing Price: $625000

  • Tax Information

    Parcel Number: 56.25-1-24 Tax Lot: 24 Tax Block: 1 Annual Tax: $16462
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
76 Stephan Street, Kingston, NY, 12401 $350,000 3 2 -- 0.11 Acre
465 Abeel Street, Kingston, NY, 12401 $449,000 3 2 1,848 0.13 Acre
465 Abeel Street, Kingston, NY, 12401 $449,000 3 2 -- 0.13 Acre
71 Garden Street, Kingston, NY, 12401 $317,610 3 2 1,401 0.25 Acre
118 Grand Street, Kingston, NY, 12401 $299,900 -- 2 1,264 0.06 Acre
118 Grand Street, Kingston, NY, 12401 $325,000 -- -- -- 0.06 Acre
5 Wilbur Avenue, Kingston, NY, 12401 $315,000 4 2 2,000 0.09 Acre
5 Wilbur Avenue, Kingston, NY, 12401 $315,000 4 2 -- 0.09 Acre
11-13 Wiltwyck Avenue, Kingston, NY, 12401 $495,000 3 3 2,408 0.11 Acre
11-13 Wiltwyck Avenue, Kingston, NY, 12401 $495,000 3 3 -- 0.11 Acre

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Ulster County Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Ulster County Board of REALTORS®, Inc.

ByOwner last updated this listing 09/12/2026 @ 00:04

MLS: 20263090 LISTED BY: Sheneur Menaker, Hudson Modern SOURCE: Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS)

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