16 Fording Place Rd Lake Katrine, NY 12449
Property details
About 16 Fording Place Rd
Discover an exceptional investment opportunity with this recently renovated and well maintained 4-unit building, perfectly positioned to generate steady rental income with a CAP rate at 8. Nestled on a lovely 0.60-acre lot, this custom 4 unit home sits atop a full, poured concrete foundation allowing for the possibility of additional rental income from the storage space below. This property features three spacious 2-bedroom units and one 1-bedroom unit, thoughtfully designed for accessibility. Each 830 sq. ft. apartment boasts its own high-efficiency boiler, hot water heater, washer/dryer, and air conditioner—ensuring comfort and independence for every tenant. Step outside to a serene backyard oasis—the lower-level units enjoy a covered porch, while the upper units feature private balconies with mountain views. The full basement includes two garage bays and four private storage rooms, while the paved driveway offers ample off-street parking for each tenant. This Lake Katrine gem is conveniently located within 15 minutes of Saugerties, Woodstock, and Rhinebeck and only 5 minutes from all the amenities of the town of Ulster. With a strong rental history and room for growth, this property presents an incredible turnkey investment in a highly desirable area.
Highlights
Summary
- MLS Number: 824674
- MLS Name: ONEKEY2
- Office Name: Howard Hanna Rand Realty
- Office Phone: (845) 338-5252
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/22/2025, 8:11:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$899,900
16 Fording Place Rd
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 02, 2024 | Home Sold | $695,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $150,800 | $- |
| 2022 | $150,800 | $2,990 |
| 2021 | $150,800 | $2,990 |
| 2020 | $150,800 | $2,990 |
| 2019 | $150,800 | $8,849 |
| 2018 | $150,800 | $8,679 |
| 2017 | $150,800 | $8,518 |
History based on county public records data.
Nearby schools
7
E R Crosby Elementary School
Public District KG-4
0.1 mi
•767 Neighborhood Rd
2
Chambers School
Public District KG-4
1.6 mi
•945 Morton Blvd
4
Harry L Edson School
Public District KG-4
3.7 mi
•116 Merilina Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,061. The most common annual income of people living in Lake Katrine, NY is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
PGA/LPGA
Pro Wrestling
Where do the neighbors shop?
Kmart
Stein Mart
Family Dollar
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Arbys
What do the neighbors drive?
Buick
Lincoln
Ford
What do the neighbors listen to?
Oldies
News/Talk/Information
New Country
This home is located at 16 Fording Place Rd in Lake Katrine, NY and zip code 12449. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 18, 2025 and is currently priced at $899,900.