134 Hunter St 9 Unit Apartment Building $1,787,279 CAD ($198,587 CAD/Unit) 6.95% Cap Rate Kingston, NY 12401

A substantial legacy brick multifamily building just steps from Kingston’s Rondout waterfront in one of the city’s most established districts. Built in 1950, the property contains nine apartments across approximately 7,560 square feet, with a distinctive layout shaped by former commercial spaces that now give the building a more layered and character-driven feel than a typical apartment asset.
Positioned within the T5N zoning district and a Qualified Opportunity Zone, the property benefits from both strong current demand and meaningful future flexibility. Separate electric meters and individual hot water systems support cleaner operations, while owner-paid heat presents a clear opportunity for future efficiency improvements and NOI growth. On-site parking only further strengthens the asset in a part of Kingston where walkability often comes at the expense of convenience.
The Rondout has become one of the Hudson Valley’s most recognizable urban districts — a walkable waterfront neighborhood defined by historic architecture, restaurants, marinas, galleries, and a growing mix of full-time residents and second-home owners. 134 Hunter sits directly within that energy while offering the scale and infrastructure serious investors look for: durable construction, strong location fundamentals, and multiple paths toward long-term appreciation.