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Three-Building Multifamily Property
For Sale
$309,000

348-354 Binnewater Road, Kingston, NY 12401

Residential Income, Kingston, NY

Property SizeContact for details
Lot Size6.10 Acres
Days on Market47

Property Features for 348-354 Binnewater Road

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Basement, Bedroom 6, Bedroom 5
Parking features On Street, Driveway
Basement Unfinished, Partial
Elementary school Ernest C Myer School
Middle school J Watson Bailey Middle School
High school Kingston High School
Elementary school district Kingston
Middle school district Kingston
High school district Kingston
Standard status Active
APN 4600-062.011-0001-011.100-0000
Lot size 6.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 12942

Utilities

Utilities Propane
Sewer type Septic Tank
Heating system Oil
Water source Public

Building Details

Year built 1930
Number of units 4
Building materials Vinyl Siding
Listing Agency: K. Fortuna Realty, Inc.
Listed By: Josephine Diego · License #10401249553
Added: Aug 20 Changed: Oct 3 Last Checked: Oct 5 at 9:06AM
MLS# 1039795

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property consists of three residential buildings with four rentals. The primary house has three bedrooms and a rear studio apartment; a second building contains a one-bedroom unit, and the third has two bedrooms. The buildings have vinyl siding, and the property requires renovation work.

The grounds overlook a lake. Heating is oil, propane is available, water is public, and wastewater is handled by a septic tank. Parking includes a driveway and on-street spaces.

Key Highlights

  • Three residential buildings containing four rentals
  • Primary home has three bedrooms and a rear studio apartment
  • Separate one‑bedroom building and two‑bedroom building

Property Analytics

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Current Use

Multifamily properties

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

6
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?
Multifamily property - Four rental spaces are distributed among the property's separate residential structures.
Where is this multifamily property located?
The property is located at 348-354 Binnewater Road Kingston, NY.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Three residential buildings containing four rentals; Primary home has three bedrooms and a rear studio apartment; Separate one‑bedroom building and two‑bedroom building
More about this property
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