$700,000

60 Franklin St Kingston, NY 12401

$8,313
Closing credit¹
6 beds
2,600 sqft
$269 / sqft
Multi-Family

Property details

About 60 Franklin St

Here's your chance to own a lucrative four-family property in the rapidly expanding city of Kingston! SELLER FINANCING is available for buyers interested in purchasing multiple—or all—properties in this portfolio. Fully occupied and producing a gross income of 78k annually and is at an 8 cap rate. This property is available for individual purchase, or you can acquire the entire portfolio, which includes five other investment properties—four in Kingston and one in Red Hook. This property is a fantastic opportunity for investors looking to capitalize on the area's growth. The property includes a mix of unit sizes to appeal to a broad range of tenants: two 2-bedroom, 1-bath units offering spacious living arrangements, and two 1-bedroom, 1-bath units perfect for singles or couples. The units range from 400 to 875 sq ft, catering to different tenant needs and maximizing rental potential. Tenants pay for all utilities except for water and sewer, keeping your expenses low and boosting your returns. This property is close to the city's growing selection of restaurants, shops, and cultural hotspots. The surge in popularity in Kingston make this an opportune time to invest, with the potential for increased rental income and property appreciation in the coming years. This option offers an incredible opportunity to expand your real estate holdings quickly and effectively. With Kingston's real estate market continuing to thrive, this is an opportunity you don't want to miss.

Highlights

Home typeQuadruplex
StatusActive
Size2,600 sqft
Year built1940
MLS #20250494

Summary

  • Appliances: Refrigerator, Range
  • Total Bedroom Count: 6
  • List Price: $700,000
  • Price/SqFt: $269
  • Annual Tax Amount: $12,317
  • Tax Year: 2022
  • Directions: Turn right onto Franklin, property is .25 miles on your right.
  • Year Built: 1940
  • Living Area: 2,600 SqFt
  • MLS Number: 20250494
  • MLS Name: UlsterCounty
  • Office Name: Century 21 Alliance-NP
  • Office Phone: (845) 255-6163
  • Office Email: c21aliance@aol.com
  • Listing Agent: Savannah Miceli

IDX Copyright © 2025 Hudson Valley Catskill Region MLS. All rights reserved. Real estate listings of brokerage firms other than Hudson Valley Catskill Region MLS are marked with the IDX logo and the detailed information about them includes the listing broker's name. This 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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: 5/6/2025, 4:15:34 PM 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

italianate house featuring fence and cooling unit

$700,000

60 Franklin St

$8,313

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
May 10, 2022
Home Sold
$570,000
Mar 15, 2021
Home Sold
$400,000
Jul 11, 2019
Home Sold
$163,000
Oct 27, 2006
Home Sold
$244,563
Feb 11, 2000
Home Sold
$43,000

Tax history

YearAssessmentProperty Tax
2023$240,000$-
2022$240,000$12,317
2021$240,000$12,317
2020$240,000$12,317
2019$240,000$12,563
2018$218,000$11,720
2017$198,000$12,904

History based on county public records data.

Nearby schools

4

George Washington School

Public District PK-4

0.3 mi

67 Wall St

4

Harry L Edson School

Public District KG-4

1.2 mi

116 Merilina Ave

3

John F Kennedy School

Public District KG-4

1.6 mi

107 Gross St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $38,934. The majority of Kingston, NY residents have income less than $<35k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

46%
<35k
46%
35k-100k
8%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

51%
Single, No Kids
24%
Single, with Kids
12%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

22%
<11 yrs old
9%
12-17 yrs old
28%
18-34 yrs old
36%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Figure SkatingFigure Skating
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • BurlingtonBurlington
  • Family DollarFamily Dollar
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Church's ChickenChurch's Chicken
  • White CastleWhite Castle

What do the neighbors drive?

  • DodgeDodge
  • CadillacCadillac
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • RockRock
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 60 Franklin St in Kingston, NY and zip code 12401. This 2,600 square foot home was built in 1940. Features: 6 bedrooms, 0 bathroom. It has been listed on Rocket Homes since March 1, 2025 and is currently priced at $700,000.

Kingston, NY housing market in April 2025 saw over 12 listings sold above listed price, more than 2 sold at listed price and over 11 sold below. The number of homes for sale in Kingston, NY increased by 5.2% between March and April 2025. Listings spent 69 days on the market in April 2025, and had a median list price of $390,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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