Charming farmhouse-style 2-family investment property in the heart of Port Ewen, New York a rare turnkey opportunity in one of Ulster County's most sought-after hamlets. Set on a quiet street just minutes from the Village of Kingston, this beautifully maintained multi-family home offers 1,952 total square feet across two well-appointed units, each featuring 2 bedrooms and 1 full bath. Both units are currently leased to quality tenants under fixed-term leases, making this an immediate income-producing asset from day one no vacancy, no waiting. Whether you're a seasoned investor looking to expand your Hudson Valley rental portfolio or a buyer seeking a smart house-hack opportunity, 167 Salem Street delivers steady cash flow in a market with consistently strong rental demand. The farmhouse aesthetic lends warmth and character that tenants love and the market rewards. Additional highlights include basement laundry a highly desirable feature that adds everyday convenience for both units private driveway parking, and street parking for added flexibility. Ideally situated in Port Ewen within the Kingston School District and offering easy access to Route 9W, I-87, and the Rhinecliff Bridge, this location is a commuter's dream and a tenant's haven. Minutes from the vibrant arts scene, dining, and waterfront charm of Kingston, New York, and surrounded by the natural beauty of the Hudson River Valley. Multi-family properties with active leases, farmhouse character, and this level of location appeal in Ulster County are exceptionally rare at this price point. Investors add this one to your must-see list. It won't last.
| MLS # | 984047 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 121 |
| Listing Provided By | Keller Williams Realty | Richard Baxter |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,952 |
| Garage | 1 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.14 |
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Open Kitchen |
| Construction Materials | Frame |
|---|
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway |
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 152400 |
| Tax Annual Amount | 6717.97 |
| Tax Lot | 40 |
| State | NY |
|---|---|
| County | Ulster County |
| City | Port Ewen |
| Zip Code | 12429 |
| School District | Kingston High School |
| Elementary School | Robert R Graves School |
| High School | Kingston High School |
| Listing VS Median (in 12429) | |
Price: $459,999 low | high Med: $459,999 sqft: 1,952 low | high Med: 1,952 $ / sqft: $236 low | high Med: $236 On site: 121 low | high Med: 121 | |
| State | NY |
|---|---|
| County | Ulster County |
| City | Port Ewen |
| Zip Code | 12429 |
| School District | Kingston High School |
| Elementary School | Robert R Graves School |
| High School | Kingston High School |
| Listing VS Median (in 12429) | |
Price: $459,999 low | high Med: $459,999 sqft: 1,952 low | high Med: 1,952 $ / sqft: $236 low | high Med: $236 On site: 121 low | high Med: 121 | |