Search
Multifamily Property Overlooking a Lake
For Sale
$375,000

348-354 Binnewater Rd, Kingston, NY 12401

Multiple buildings provide a four-unit configuration with a main residence, studio, and two additional homes.

Property SizeContact for details
Lot Size6.00 Acres
Days on Market11

Property Features for 348-354 Binnewater Rd

General Information

Standard status Active
Lot size 6.00 Acres
Property subtype Investment

Property Condition

Severity Repairs Needed
Evidence needs TLC

Units

Unit Mix 1 x 3BR/1BA, 1 x studio, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $12,941

Building Details

Year Built 1930
Buildings 3
Units 4
Listing Agency: K. Fortuna Realty, Inc.
Listed By: Josephine Diego · License #10401249553
Source: Elliman
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 30 at 4:25PM

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 K. Fortuna Realty, Inc.

Investment Insights

Based on property information with market context.

This multifamily property includes three separate buildings arranged as four rental units. The primary residence contains three bedrooms and one bathroom, with a rear studio apartment. Two additional buildings provide one-bedroom, one-bathroom and two-bedroom, one-bathroom residences. The overall layout supports a mix of living arrangements within one property.

Set across 6 acres with a lake outlook, the property offers substantial land surrounding the buildings. Originally built in 1930, the improvements require renovation and provide a project-oriented opportunity for an owner seeking to update the existing residences. The configuration allows the buildings and units to be evaluated individually while retaining the advantages of a single multifamily property.

Key Highlights

  • Three buildings totaling 4 rentals
  • 6‑acre property overlooking a lake
  • Main residence has 3 bedrooms and 1 bathroom

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Repair Shop Barber Shop Travel Agency Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 12401, NY

35,493
Population
16,914
Households
2.1
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
58.9 sq mi
ZIP Area
603
Density / Sq Mi
$67,426
Median Household Income
$42,503
Median Earnings
$1,300
Median Rent
$285,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Multifamily property - Multiple buildings provide a four-unit configuration with a main residence, studio, and two additional homes.
Where is this multifamily property located?
The property is located at 348-354 Binnewater Rd Kingston, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three buildings totaling 4 rentals; 6‑acre property overlooking a lake; Main residence has 3 bedrooms and 1 bathroom
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