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Four-Unit Quadplex with Lake Views
For Sale
$349,000

348-354 Binnewater Road, Kingston, NY 12401

Three buildings combine a main residence, studio, and additional rental units overlooking a lake.

Property SizeContact for details
Lot Size6.00 Acres
Days on Market31

Property Features for 348-354 Binnewater Road

General Information

Standard status Active
Lot size 6.00 Acres
Property subtype Residential Income

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: Millenniumhomes
Added: Aug 20 Changed: Sep 18 Last Checked: Sep 18 at 3:38PM

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 four-unit property includes three separate buildings arranged across 6 acres. The main residence offers 3 bedrooms and 1 bathroom, with a studio apartment positioned at the rear. A second building contains 1 bedroom and 1 bathroom, while the third provides 2 bedrooms and 1 bathroom. The layout supports multiple residential configurations within one property, subject to applicable requirements.

Constructed in 1930, the property overlooks a lake and requires renovation. Its acreage, separate structures, and varied unit sizes create a residential compound with room for improvements and reconfiguration.

Key Highlights

  • Four rental units across 3 buildings
  • 6 acres overlooking a lake
  • Main residence with 3 bedrooms and 1 bathroom

Property Analytics

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Current Use

Quadplexes

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Three buildings combine a main residence, studio, and additional rental units overlooking a lake.
Where is this quadplex located?
The property is located at 348-354 Binnewater Road Kingston, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Four rental units across 3 buildings; 6 acres overlooking a lake; Main residence with 3 bedrooms and 1 bathroom
More about this property
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