INVESTOR ALERT: 10 Cap Rate Cash Cow in Midtown Kingston
135 Jansen Ave, Kingston, NY 12401
Unlock incredible yield in one of the Hudson Valley's most resilient rental markets. This turnkey duplex is a rare ''cash cow'' opportunity, boasting a 10 Cap Rate in the heart of thriving Kingston. Whether you are looking to expand your portfolio with high-performance multifamily or searching for the perfect house hack to live for free while your tenant pays the mortgage, this property delivers.
The Opportunity
High-Yield Performance: Solid 10 Cap Rate with consistent rental history.
Versatile Layout: Featuring two spacious units (3BR/2BA total building count per tax records), this property is designed for maximum occupancy and low vacancy.
Strategic Location: Situated in Midtown Kingston, you are steps away from the city's best cafes, including Monkey Joe Roasting Co and Village Coffee, and minutes from the historic Stockade and Rondout districts.
Property Highlights
Investor Ready: Strong rental demand driven by proximity to Kingston High School and local employment hubs.
House Hack Potential: Occupy one unit and utilize the premium market rents of Midtown to offset nearly all your carrying.
Proven Market: Kingston continues to see steady appreciation and a robust rental squeeze, making this a defensive and profitable asset for 2026 and beyond.
Don't miss out on a double-digit return in a market where they are increasingly hard to find. Properties with these numbers move fast--schedule your showing today and secure your next high-performing asset.
Accepted offer cts
$375,000
135 Jansen Avenue, Kingston, NY 12401
4beds
--baths
2sqft
Multi Family
Built in 1892
-- sqft lot
$378,800 Zestimate®
$187,500/sqft
$-- HOA
What's special
Turnkey duplex
- 28 days |
- 160 |
- 21 |
Zillow last checked:
Listing updated:
Listing by:
Kitchen Realty Group 845-389-2700,
Eric Kitchen 845-389-2700
Source: HVCRMLS,MLS#: 20261902
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Electric, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Gas Range
- Laundry: In Basement
Features
- High Ceilings, Open Floorplan
- Flooring: Hardwood
- Windows: Insulated Windows
Interior area
- Total structure area: 2
- Total interior livable area: 2 sqft
- Finished area above ground: 2
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Patio & porch: Deck, Porch
- Exterior features: Paved Walkway
- Fencing: Gate
Lot
- Size: 3,920.4 Square Feet
- Dimensions: 30 x 100
- Features: Back Yard, City Lot
Details
- Parcel number: 56.26918
- Zoning: T5N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1892
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Location
- Region: Kingston
Financial & listing details
- Price per square foot: $187,500/sqft
- Tax assessed value: $192,000
- Annual tax amount: $9,126
- Date on market: 4/28/2026
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity, Gas, Hot Water
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$378,800
$360,000 - $398,000
$2,362/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2026 | Contingent | $375,000$187,500/sqft |
Source:  HVCRMLS #20261902 Report a problem | ||
| 4/28/2026 | Listed for sale | $375,000+1.6%$187,500/sqft |
Source: HVCRMLS #20261902 Report a problem | ||
| 10/1/2025 | Listing removed | $1,975$988/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/25/2025 | Listed for rent | $1,975$988/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/5/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/23/2025 | Price change | $369,000-19.6%$184,500/sqft |
Source: Owner Report a problem | ||
| 7/11/2025 | Listed for sale | $459,000+24.1%$229,500/sqft |
Source: Owner Report a problem | ||
| 7/18/2024 | Listing removed | -- |
Source: HVCRMLS #20242962 Report a problem | ||
| 6/28/2024 | Listed for sale | $370,000+64.4%$185,000/sqft |
Source: HVCRMLS #20242962 Report a problem | ||
| 10/7/2021 | Sold | $225,000+0%$112,500/sqft |
Source: HVCRMLS #20212076 Report a problem | ||
| 7/29/2021 | Pending sale | $224,900$112,450/sqft |
Source:  HVCRMLS #20212076 Report a problem | ||
| 7/29/2021 | Contingent | $224,900$112,450/sqft |
Source: HVCRMLS #20212076 Report a problem | ||
| 6/3/2021 | Listed for sale | $224,900+2.7%$112,450/sqft |
Source: HVCRMLS #20212076 Report a problem | ||
| 3/3/2020 | Listing removed | $219,000$109,500/sqft |
Source: Coldwell Banker Village Green #20193069 Report a problem | ||
| 9/26/2019 | Price change | $219,000-4.4%$109,500/sqft |
Source: Coldwell Banker Village Green #20193069 Report a problem | ||
| 7/19/2019 | Listed for sale | $229,000+154.4%$114,500/sqft |
Source: Coldwell Banker Village Green #20193069 Report a problem | ||
| 6/6/2003 | Sold | $90,000+50.8%$45,000/sqft |
Source: Public Record Report a problem | ||
| 1/28/1998 | Sold | $59,700+8.5%$29,850/sqft |
Source: Public Record Report a problem | ||
| 11/23/1994 | Sold | $55,000$27,500/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $192,000 |
| 2024 | -- | $192,000 |
| 2023 | -- | $192,000 |
| 2022 | -- | $192,000 |
| 2021 | -- | $192,000 |
| 2020 | -- | $192,000 |
| 2019 | -- | $192,000 +4.9% |
| 2018 | -- | $183,000 +5.2% |
| 2017 | $6,241 | $174,000 |
| 2016 | -- | $174,000 +6.1% |
| 2015 | -- | $164,000 |
| 2014 | -- | $164,000 -3.5% |
| 2013 | -- | $170,000 -11% |
| 2011 | -- | $191,000 -9% |
| 2010 | -- | $210,000 -5% |
| 2009 | -- | $221,000 |
| 2008 | -- | $221,000 +624.6% |
| 2007 | -- | $30,500 |
| 2006 | -- | $30,500 |
| 2005 | -- | $30,500 |
| 2004 | -- | $30,500 |
| 2003 | -- | $30,500 |
| 2002 | -- | $30,500 |
| 2001 | -- | $30,500 |
| 2000 | -- | $30,500 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 12401
Nearby schools
GreatSchools rating
- 2/10John F. KennedyGrades: K-4Distance: 1 mi
- 4/10M Clifford Miller Middle SchoolGrades: 5-8Distance: 3.6 mi
- 4/10Kingston High SchoolGrades: 9-12Distance: 0.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Ulster County
- Kingston
- 12401
- 135 Jansen Avenue
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