Turnkey Five-Unit Townhouse Apartment
100 1/2 Kingston Ave Port Jervis, NY 12771
100 1/2 Kingston Ave, Port Jervis, NY, 12771
$1,300,000
For Sale
$1,300,000
Built in 1990, this 5-unit townhouse-style apartment building is turnkey and currently fully occupied.
Property Size6,706 SF
Price / SF$193.86
Days on Market8
Property Features for 100 1/2 Kingston Ave
General Information
- Standard status
- Active
- Size
- 6,706 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing Agency
Keller Williams Hudson Valley Realty & United
(845) 610-6065
Listed by
Cory Puopolo · License #10401312176
(845) 610-6065
Source
Elliman
Added: Jul 9 Checked: Jul 16 at 10:00 am
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 Keller Williams Hudson Valley Realty & United
Investment Insights
Based on property information with market context.
Built in 1990, this well-maintained five-unit townhouse-style apartment building offers a turnkey income stream and a layout designed for tenant privacy. The property contains four spacious 3-bedroom, 2-bath units and one accessible 2-bedroom, 1.5-bath single-level apartment. Each residence features a private entrance, a welcoming foyer with a coat closet, in-unit laundry nook with washer/dryer hookups, generous living areas with high ceilings, and sliding glass doors that open to a private patio. Exterior features include a covered front porch, a private fenced patio, and a dedicated parking space off a freshly paved driveway. Recent capital improvements include a new roof, siding, and gutters completed within the past two years.
The building is located about 0.8 miles from the Port Jervis Metro-North/NJ Transit train station and within a walkable area to downtown Port Jervis, restaurants, shopping, and schools. The property is currently 100% occupied, with all tenants on month-to-month leases. Current gross rental income is $106,200 annually, and tenants pay their own gas, electric, and heat.
The building is located about 0.8 miles from the Port Jervis Metro-North/NJ Transit train station and within a walkable area to downtown Port Jervis, restaurants, shopping, and schools. The property is currently 100% occupied, with all tenants on month-to-month leases. Current gross rental income is $106,200 annually, and tenants pay their own gas, electric, and heat.
Key Highlights
- 1990‑built 5‑unit townhouse‑style multifamily with approximately 6,706 SF and four 3BR/2BA plus one accessible 2BR/1.5BA single‑level unit
- Currently 100% occupied with all tenants on month‑to‑month leases
- Recent exterior improvements within the past two years include a new roof, siding, and gutters
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.4k | $15.12 |
| − Vacancy | −$8.3k | −$1.24 |
| EGI | $93.1k | $13.88 |
| − OpEx | −$41.9k | −$6.25 |
| NOI | $51.2k | $7.63 |
6,706 SF · lease $15.12/SF/yr · vacancy 8.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$731.3K
$639.9K – $853.2K
NOI $51,194 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,755 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1990, this 5-unit townhouse-style apartment building is turnkey and currently fully occupied.
Where is this apartment building located?
The property is located at 100 1/2 Kingston Ave Port Jervis, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1990‑built 5‑unit townhouse‑style multifamily with approximately 6,706 SF and four 3BR/2BA plus one accessible 2BR/1.5BA single‑level unit; Currently 100% occupied with all tenants on month‑to‑month leases; Recent exterior improvements within the past two years include a new roof, siding, and gutters
