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    23-Unit Multifamily Portfolio in Hudson Title is generated by Realmo AI

    177-181 Main Street, Hudson Falls, NY 12839

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    Claim this Listing
    For Sale
    $2,700,000

    MULTI_FAMILY - Other - Hudson Falls, NY

    Property size:
    15,346 SF
    Lot size:
    1.30 Acres
    Price / SF:
    $175/SF
    Added:
    May 12, 2026
    Days on Market:
    56
    Last Refresh:
    Jul 6 at 6:06 am

    Property Features for 177-181 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    25
    Bathrooms
    23
    Rooms
    Bedroom 23, Bathroom 6, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 14, Bedroom 21, Bedroom 3, Bathroom 2, Bedroom 20, Bedroom 13, Bedroom 24, Bedroom 25, Bathroom 5, Bathroom 16, Bathroom 13, Bathroom 20, Bathroom 22, Bathroom 15, Bedroom 5, Bathroom 11, Bathroom 10, Bedroom 22, Bathroom 7, Bedroom 11, Bedroom 15, Bathroom 4, Bathroom 18, Bathroom 12, Bedroom 10, Bathroom 17, Bedroom 1, Bathroom 14, Bedroom 19, Bedroom 16, Bedroom 7, Bathroom 23, Bedroom 9, Bedroom 12, Bathroom 9, Bathroom 8, Bathroom 19, Bedroom 8, Bathroom 21, Bedroom 18, Bedroom 17
    Parking
    14
    Parking features
    Off Street
    Patio and Porch features
    Deck, Porch
    Basement
    Apartment, Walk-Out Access
    Standard status
    Active
    APN
    534401 154.14-7-72
    Size
    15,346 SF
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    21032

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1798
    Number of units
    23
    Flooring type
    Hardwood, Vinyl, Carpet
    Building materials
    Stone, Block, Vinyl Siding, Wood Siding
    Architectural style
    Other

    We can help!

    Contact an agent
    Jerid Meagan
    Jerid Meagan

    Listing agent Jerid Meagan License #10491209223

    Listing office Principles 2019 LLC 2 Progress Dr #4595, Clifton Park, NY

    Listing date May 12, 2026

    MLS# 202616961 Listing URL

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

    HighLights

    • 23‑unit multifamily portfolio in Hudson Falls, NY, consisting of three buildings
    • Unit mix includes one- and two‑bedroom apartments
    • Off‑street parking available
    • Public water and public sewer
    • Constructed with stone/block, with vinyl and wood siding
    • Heating includes electric and hot water/baseboard systems; flooring includes hardwood, vinyl, and carpet

    Overview

    This is a rare opportunity to own a 23-unit multifamily portfolio located in Hudson Falls, NY, just minutes from Glens Falls. The property consists of three buildings featuring a mix of one- and two-bedroom units. Off-street parking is available. The portfolio generates strong in-place income and offers additional upside through rent increases and expanding utility billbacks. A majority of the units are currently below market, and several leases are month-to-month, allowing for flexibility for near-term lease adjustments. Hudson Falls continues to attract tenants looking for more affordable housing options while remaining close to Glens Falls and surrounding employment centers, supporting consistent demand. The property is well-suited for investors looking for a stabilized asset with the ability to grow income over time. The property is situated on a 1.3-acre lot. The property size is 15346 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $303.9k $19.80
    − Vacancy −$15.8k −$1.03
    EGI $288.1k $18.77
    − OpEx −$129.6k −$8.45
    NOI $158.4k $10.32
    15,346 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.26M
    $1.98M – $2.64M (±1% cap)
    NOI $158,428 @ 7.0% cap · market cap 5.87%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.81M
    $3.33M – $4.44M (±1% cap)
    NOI $266,505 @ 7.0% cap · market cap 9.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Department Store Accounting Firm Auto Parts Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hudson Falls
    County
    Washington
    State
    New York
    Longitude
    -73.587032
    Latitude
    43.300733

    FAQs

    What type of property is this?
    Apartment building - Multifamily portfolio in Hudson Falls with income growth potential.
    Where is this apartment building located?
    The property is located at 177-181 Main Street Hudson Falls, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: 23‑unit multifamily portfolio in Hudson Falls, NY, consisting of three buildings; Unit mix includes one- and two‑bedroom apartments; Off‑street parking available
    More about this property
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