171-175 Henry St 4 Unit Apartment Building $744,109 CAD ($186,027 CAD/Unit) 9.52% Cap Rate Kingston, NY 12401

Positioned between Midtown and the Rondout, 171–175 Henry Street sits in one of Kingston’s most actively evolving residential pockets — close enough to walk to Broadway, local cafés, neighborhood restaurants, and the growing energy around the arts corridor, while still feeling grounded in a residential part of the city. The property consists of four fully occupied apartments producing immediate in-place income in a market where rental inventory remains persistently tight.
The scale is part of the appeal. Four units allows for operational simplicity without sacrificing meaningful cash flow, making it well suited for investors seeking Kingston exposure without the complexity of larger assets. The building benefits from steady tenant demand driven by the city’s continued growth, proximity to major Hudson Valley destinations, and increasing pressure on the local housing supply.
Located within a Qualified Opportunity Zone, the property also carries long-term strategic value beyond current income. Whether approached as a stable hold, light repositioning opportunity, or long-term appreciation play, this is the kind of Kingston multifamily asset that remains consistently liquid because it sits directly inside the path of the city’s ongoing reinvestment.