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21 Main St 11 Unit Apartment Building $2,172,800 CAD ($197,527 CAD/Unit) 9.06% Cap Rate Kingston, NY 12401
Investment Highlights
- High-yield, 11 unit multifamily in Uptown Kingston
- Strong unit mix of studios and one-bedrooms with consistent demand
- Located in T5N zoning allowing flexible residential and mixed-use strategies
- Newly reimagined rear cottage delivered as fully leased 4-bedroom at closing
- Recent upgrades include kitchens, baths, boiler, and hot water systems
- Not subject to ETPA per housing office guidance
Executive Summary
Built in the early 1900's, this classic Kingston Victorian has the kind of presence you can't
replicate--steep front gable, layered rooflines, projecting bay windows, and a full-width covered porch that still functions as intended. The original structure remains intact in all the ways that matter: clapboard siding, strong proportions, and a raised foundation that gives the building both scale and durability. With the exception of the rear cottage, 10 units are fully leased, and none are subject to Kingston's ETPA rent control laws.
The main building offers a balanced mix of studios and one-bedroom units, supported by new roofs, recent improvements to kitchens, baths, and core systems, along with extensive copper plumbing infrastructure and updated mechanicals. Tenant-paid heating in newly configured units further sharpens operational efficiency, and a complete reimagining of the rear cottage into a refined four-bedroom residence will be delivered fully leased at closing.
Set within the flexible T5N zoning district and moments from the Stockade District, Uptown
retail, and regional transit, the property holds long-term optionality while performing today. The location, infrastructure, and tenant profile converge into a clean, efficient investment--one that feels considered rather than assembled, and positioned to hold its ground and grow in value as the market continues to mature.
replicate--steep front gable, layered rooflines, projecting bay windows, and a full-width covered porch that still functions as intended. The original structure remains intact in all the ways that matter: clapboard siding, strong proportions, and a raised foundation that gives the building both scale and durability. With the exception of the rear cottage, 10 units are fully leased, and none are subject to Kingston's ETPA rent control laws.
The main building offers a balanced mix of studios and one-bedroom units, supported by new roofs, recent improvements to kitchens, baths, and core systems, along with extensive copper plumbing infrastructure and updated mechanicals. Tenant-paid heating in newly configured units further sharpens operational efficiency, and a complete reimagining of the rear cottage into a refined four-bedroom residence will be delivered fully leased at closing.
Set within the flexible T5N zoning district and moments from the Stockade District, Uptown
retail, and regional transit, the property holds long-term optionality while performing today. The location, infrastructure, and tenant profile converge into a clean, efficient investment--one that feels considered rather than assembled, and positioned to hold its ground and grow in value as the market continues to mature.
Property Facts
| Price | $2,172,800 CAD | Building Class | C |
| Price Per Unit | $197,527 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 6,684 SF |
| Cap Rate | 9.06% | No. Stories | 3 |
| No. Units | 11 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 0.9/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | T5-N - T5N | ||
| Price | $2,172,800 CAD |
| Price Per Unit | $197,527 CAD |
| Sale Type | Investment |
| Cap Rate | 9.06% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,684 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.9/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | T5-N - T5N |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0800-048.331-0004-014.000-0000 | Improvements Assessment | $594,804 CAD |
| Land Assessment | $152,096 CAD | Total Assessment | $746,900 CAD |
Property Taxes
Parcel Number
0800-048.331-0004-014.000-0000
Land Assessment
$152,096 CAD
Improvements Assessment
$594,804 CAD
Total Assessment
$746,900 CAD
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