2096 Ulster Avenue, Ulster, NY, 12449 | $775,000

Opportunity Knocks! This fully renovated triplex offers a rare combination of quality craftsmanship, energy efficiency, and strong income potential. Major upgrades include brand-new central heating and air conditioning systems, hot water heaters, updated electrical and plumbing, a new roof, and newly paved driveway and parking areas. The property has also been extensively enhanced with 6-inch spray foam insulation throughout the building and attached garage, improving energy efficiency while creating the potential for additional rental income through valuable storage space. A newly installed sprinkler system provides an added layer of safety and peace of mind. Each unit features a private entrance, offering convenience and privacy for tenants. The first-floor unit provides generous living space and a spacious bedroom. The second-floor unit includes one bedroom plus a dedicated office, ideal for remote work or additional living flexibility. Unit 3 is the standout feature of the property. Upon entry, you'll find a full apartment, complemented by a stunning staircase leading to a third-floor loft area. This unique space includes a second full bathroom, wet bar, large gathering room, and a separate office, creating an exceptional living environment. Ideally located between Kingston and Saugerties, with convenient access to the New York State Thruway, this property enjoys a highly desirable setting. Outdoor enthusiasts will appreciate its proximity to Windham Mountain Club, Hunter Mountain, and Mohonk Mountain, as well as the renowned HITS Hudson Valley Horse Show Series. Exceptional craftsmanship and quality finishes throughout provide years of low-maintenance ownership. With an attractive cap rate and extensive renovations already completed, this turnkey investment property is ready to generate income from day one!

Features

  • Bedrooms: 4
  • Units: 3
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Style: Cape Cod
  • Year Built: 1952
  • Garage: 1-car Attached
  • Heating: Central, Electric, Separate Meters, Zoned
  • Cooling: Central Air, Electric, Multi Units, Zoned
  • Acreage: 1.79
  • Est. Taxes: $5,584
  • Lot Desc: Paved, Sloped
  • School District: Kingston
  • Appliances: Gas Range, Refrigerator
  • Owner Pays: All Utilities, See Remarks
  • MLS#: 20263172
  • Days on Market: 19 days
  • Website: https://www.raveis.com
    /prop/20263172/2096ulsteravenue_ulster_ny?source=qrflyer
Copyright © 2026  Hudson Valley Catskill Region MLS
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
Listing courtesy of HOWARD HANNA RAND REALTY

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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2096 Ulster Avenue, Ulster, NY, 12449

$775,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $620,000 $620,000 $620,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.230% 6.512% 5.866%
Monthly Tax Payment $465 $465 $465
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,668 $3,868 $5,107
Total Monthly Payment $4,225 $4,425 $5,664

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.