Two-Family Foursquare with
For Sale
$640,000
10 Oakwood Boulevard, Hudson, NY 12534
Historic 1910 American Foursquare with two-family setup and a two-story barn/garage with electricity.
Property Size1,912 SF
Price / SF$334.73
Days on Market85
Property Features for 10 Oakwood Boulevard
General Information
Standard status
Active
Size
1,912 SF
Total Parking Spaces
4
Property subtype
Multi Family / Duplex
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,220
Amenities
None, No
Hot Water, Zoned, Natural Gas, Yes
Unfinished
200+ Amp Service
Vinyl Siding
Vinyl
Laundry Room
Other
Covered, Front Porch
Building Details
Year Built
1910
Stories
3
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 929-4519
Listed By:
Elizabeth Hendler · License #10401284368
(518) 929-4519
Source:
Compass
Added: Jun 9
Changed: Aug 31
Last Checked: Aug 30 at 11:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
This beautifully maintained 1910 American Foursquare is a legal two-family residence currently configured as a spacious single-family home with an in-law apartment on the second floor. The first and second floors total approximately 1,912 square feet of living space, with an additional partially finished third floor of about 400 square feet that includes an egress window and separate electrical service. Original details are preserved throughout, including refinished hardwood floors, high ceilings, and rich woodwork, while updates include an updated kitchen with new appliances, a center island, ample cabinetry, luxury vinyl flooring, and direct access to the laundry room with pantry storage. The main level also features a remodeled handicap-accessible full bathroom. The second floor offers two additional bedrooms, an updated full bathroom, a large kitchen, and a cozy den with a private entrance.
Recent improvements include a new roof, Buderus boiler, updated windows, plumbing updates, interior painting, and masonry work. The property also includes a 660-square-foot, two-story barn/garage built in 1910 with electricity, providing flexible space for uses such as a workshop, studio, storage, or a home-based business (subject to applicable approvals).
Conveniently located in an established residential neighborhood, the home is described as within walking distance to schools and shopping, and minutes from downtown Hudson and the Amtrak station.
Recent improvements include a new roof, Buderus boiler, updated windows, plumbing updates, interior painting, and masonry work. The property also includes a 660-square-foot, two-story barn/garage built in 1910 with electricity, providing flexible space for uses such as a workshop, studio, storage, or a home-based business (subject to applicable approvals).
Conveniently located in an established residential neighborhood, the home is described as within walking distance to schools and shopping, and minutes from downtown Hudson and the Amtrak station.
Key Highlights
- Historic 1910 American Foursquare with legal two‑family setup, currently used as a spacious single‑family home plus an in‑law apt.
- Approximately 1,912 sq ft on the first and second floors, plus about 400 sq ft on the third floor.
- Refinished original hardwood floors, high ceilings, and rich original woodwork throughout.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,490
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,800
$409.8K
Cap Rate 7%
$292,714
$292.7K
Cap Rate 9%
$227,667
$227.7K
Market Conditions
NOI Build-Up for 1,912 SF
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.
Gross rent
$31.0K $16.20/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$29.3K $15.31/SF
− OpEx
−$8.8K −$4.59/SF
NOI
$20.5K $10.72/SF
Area
Columbia County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,800
Cap Rate 7%
$292,714
Cap Rate 9%
$227,667
Alternative Uses
Best Use
Multifamily LT 5
$292.7K
$256.1K – $341.5K
NOI $20,490 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$256.9K
$224.8K – $299.7K
NOI $17,982 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$473.0K
$413.9K – $551.9K
NOI $33,113 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Explore this area
Business Placement
Demographics for 12534, NY
17,539
Population
9,613
Households
1.8
Avg Household Size
46
Median Age
33%
College-Educated
88%
High-School Grad
88.6 sq mi
ZIP Area
198
Density / Sq Mi
$76,086
Median Household Income
$40,823
Median Earnings
$1,296
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Historic 1910 American Foursquare with two-family setup and a two-story barn/garage with electricity.
Where is this duplex located?
The property is located at 10 Oakwood Boulevard Hudson, NY.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Historic 1910 American Foursquare with legal two‑family setup, currently used as a spacious single‑family home plus an in‑law apt.; Approximately 1,912 sq ft on the first and second floors, plus about 400 sq ft on the third floor.; Refinished original hardwood floors, high ceilings, and rich original woodwork throughout.
