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377 Washington Avenue

Kingston, NY 12401
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Bed 2

Bed

Bath 3

Bath

SqFt2,236

Sqft

Acres0.10

Acre(Lot)

An exceptional turnkey investment or owner-occupant opportunity in vibrant Uptown Kingston. Situated in the flexible T4N-O zoning district, this 2-story converted mixed-use building consists of a ground-floor commercial storefront and two residential apartments. Whether you are looking to occupy the freshly renovated upper apartment while receiving strong rental income from the ground floor to subsidize your mortgage, or seeking a fully operational income-producing property, 377 Washington Ave is ready to perform. Ground-Floor Commercial Storefront (Unit 0):Size: ~750 sq. ft. Tenant/Status: Occupied by an established tattoo shop (Lease through Sept 30, 2028, with annual rent escalations). Rent: 1,250/month + utilities. Features: Fully renovated space complete with a new dedicated heat pump system (heating & cooling), renovated bathroom, new lighting, flooring, and paint. Apartment 1 (Rear, First Floor) Status: Occupied by a long-term, month-to-month tenant. Rent: 1,400/month. Features: Complete gut renovation featuring a reframed structural floor system with proper dimensional lumber, new kitchen with new cabinets and appliances, new bathroom, ductless mini-split heat pump system, and fresh flooring and paint. Apartment 2 (Second Floor) Status: Vacant (deliberately held vacant to accommodate an owner-occupant buyer or immediate move-in). Market Rent: 1,650/month. Features: Recently renovated and move-in ready with a renovated bathroom, updated flooring, and fresh paint. (Note: All existing leases reserve the owner's right to terminate upon sale of the building with 60 days' notice, giving a buyer the flexibility to take the property vacant or with current tenants in place.) Extensive Capital & Building Improvements The current owners have completed extensive capital upgrades throughout the entire structure, ensuring peace of mind for the incoming buyer. HVAC & Energy: Independent heat pump / mini-split systems installed in both the commercial unit and Apartment 1 for efficient heating and cooling. Roofing: Brand-new shingled roof installed over the rear addition in 2025. Plumbing & Utilities: New gas meter installed, new backflow preventer installed to meet City of Kingston commercial building codes, and building-wide electrical/utility upgrades. Structural: Reframed structural floor system in Apartment 1. Financial Highlights Full Occupancy Gross Potential Income: 51,600 / year (4,300/month) Operating Expenses: ~21,303.49 / year (includes county/school real estate taxes, insurance, municipal water/sewer, lawn/snow, and maintenance reserve) Net Operating Income (NOI): ~30,296.51 / year

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Detail Ic Property Details

Property Type : Residential Income

Price : $549,000

AD Id : 90945995

MLS Id : 20265046

Beds : 2

Lot Size : 0.10 Acre

Living Area Size : 2,236

Tax Amount : 14723.00

Year Built : 1960

County : Ulster

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Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 3
  • Flooring Information

    Wood
  • Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle Appliances: Electric Oven, Electric Range, Refrigerator Laundry Features: None
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Ductless, Electric, Hot Water, Natural Gas, Heat Pump Has Cooling: Yes Cooling: Ductless, Heat Pump, Multi Units

  • Building Information

    Year Built: 1960 Building Area Total: 2236 Construction Materials: Clapboard, Stone Stories: 2 Frontage Length: 65 ft. Patio And Porch Features: Patio Private Pool: No

  • Lot Information

    Lot Dimensions: 65' x 69' Main Square Feet: 0.1 Acres Lot Size Acres: 0.103 Lot Size Square Feet: 4486.68 Lot Description: City Lot, Near Public Transit

  • Listing Price Information

    Listing Price: $549000

  • Tax Information

    Parcel Number: 48.330-1-4 Tax Lot: 4 Tax Block: 1 Annual Tax: $14723

  • Parking Information

    Additional Parking, Driveway, Off Street, On Site, Paved

  • Utility Information

    Natural Gas Available, Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

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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 09/06/2026 @ 13:56

MLS: 20265046 LISTED BY: Robert Leone, Hudson Valley Real Estate Brok SOURCE: Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS)

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