Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Renovated Triplex with Garage Title is generated by Realmo AI

    117 Clinton Avenue, Kingston, NY 12401

    View on Map
    Claim this Listing
    New
    For Sale
    $825,000

    Fully occupied, renovated in 2023, with separately sub-metered apartments and garage storage income potential.

    Type:Multi Family
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 2:24 am

    Property Features for 117 Clinton Avenue

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Nan Potter

    Listing agent Nan Potter

    Listing office Potter Realty

    Listing date Jun 1, 2026

    Source Stonehouseproperties

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Potter Realty

    HighLights

    • Fully occupied residential income property renovated in 2023
    • 3 apartments with separate sub‑metering for utilities
    • Mitsubishi ductless Hyper‑Heat systems in each apartment for year‑round comfort
    • 3‑bay garage currently rented as storage space for additional income
    • New plumbing plus new water heaters, and in‑unit washer/dryer installed in 2025
    • Off‑street parking, with basement internet service and exterior security cameras for remote monitoring

    Overview

    This fully renovated, fully occupied residential income property is configured as three apartments plus a highly desirable three-bay garage. The garage is currently generating additional income as rented storage space, supporting a turnkey investment profile with multiple revenue streams. Renovated in 2023, the building includes new luxury vinyl plank flooring throughout, all new plumbing, and new water heaters, with in-unit washer/dryer installed in 2025. Each apartment is separately sub-metered and equipped with efficient Mitsubishi ductless Hyper-Heat systems for year-round comfort. For convenience and oversight, an internet service provider is installed in the basement for tenant internet access, and exterior security cameras are connected to the system for remote property monitoring. Ample off-street parking further strengthens tenant appeal.

    Located in the heart of Kingston’s vibrant Midtown district, the property offers a walkable setting near both Uptown Kingston’s historic Stockade District and the thriving Midtown arts and dining corridor. The area continues to benefit from Kingston’s growth and ongoing rental demand.

    Designed for investors seeking a low-maintenance, income-producing asset, this triplex offers separately metered units, modern mechanical and interior upgrades, and existing occupancy. The added rented storage income from the three-bay garage can help support steady performance while keeping operational complexity relatively contained.
    Location Intelligence

    Current Use by Public Records

    Tiano Electric Electrical Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -74.0124231
    Latitude
    41.9293066

    Nearby Similar for Sale

    • $1,495,000
      4,280 SF

      Kingston Mixed-Use Commercial Property

      19.6-acre mixed-use property with recreational attractions and mountain views.
      167 Hill Road, Kingston, NY 12401
      View Details
    • $529,999
      2,682 SF

      Two-Family Property, Strong Rental Potential

      Two-family property in Saugerties, NY, with strong rental potential.
      252-254 Partition Street, Kingston, NY 12477
      View Details
    • $399,999
      1,344 SF

      Kingston Multi-Family Income Property

      Income-producing multi-family property in Kingston, New York.
      25 S Prospect Street, Kingston, NY 12401
      View Details
    • $269,900
      1,239 SF

      Kingston Medical Office Condo Units

      Medical office condo unit with garage parking in Kingston, NY.
      117 Marys Avenue, Kingston, NY 12401
      View Details
    • $299,000
      3,360 SF

      Entitled Triplex Development Parcel

      Fully approved three-unit triplex project with verified utility capacity and stamped plans, ready to move quickly to construction.
      65 First Avenue, Kingston, NY 12401
      View Details
    • $995,000
      9,407 SF

      Kingston Commercial Condominium For Sale

      First-floor condominium with offices, therapy area, and storage.
      371 Broadway, Kingston, NY 12401
      View Details
    • $399,900
      2,784 SF

      Spacious Kingston Two-Family Home

      Centrally located two-family home with separate utilities and large yard.
      100 Gage Street, Kingston, NY 12401
      View Details
    • $350,000
      2,340 SF

      Kingston Townhouse Office/Residential Opportunity

      Townhouse in Kingston's Rondout district, configured as professional office space.
      74 Broadway, Kingston, NY 12401
      View Details
    • $299,000
      3,300 SF

      Kingston Mixed-Use Commercial Building

      Commercial building in Kingston's Stockade District with mixed-use potential.
      57 N Front Street, Kingston, NY 12401
      View Details
    • $464,999
      2,327 SF

      Kingston Multi-Unit Income Property

      Well-maintained two-unit property in Kingston with convenient access to amenities.
      212 Ten Broeck Ave, Kingston, NY 12401
      View Details
    • $379,999
      1,810 SF

      Kingston Triplex Investment Opportunity

      Triplex in Kingston near shops, restaurants, and transportation.
      171 Greenkill Ave, Kingston, NY 12401
      View Details
    • $450,000

      Kingston Two-Family Home with Yard

      Meticulously maintained two-family home near Kingston's urban center.
      127 E Chester Street, Kingston, NY 12401
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully occupied, renovated in 2023, with separately sub-metered apartments and garage storage income potential.
    Where is this triplex located?
    The property is located at 117 Clinton Avenue Kingston, NY.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Fully occupied residential income property renovated in 2023; 3 apartments with separate sub‑metering for utilities; Mitsubishi ductless Hyper‑Heat systems in each apartment for year‑round comfort
    We can help!
    Listing Contact
    Nan Potter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    117 Clinton Avenue, Kingston, NY 12401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!