Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    23-Unit Multifamily Portfolio in Hudson Title is generated by Realmo AI

    177-181 Main Street, Hudson Falls, NY 12839

    View on Map
    Claim this Listing
    New
    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:
    5
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 177-181 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    25
    Bathrooms
    23
    Rooms
    Bathroom 5, Bedroom 20, Bedroom 15, Bathroom 6, Bedroom 10, Bedroom 21, Bedroom 8, Bedroom 25, Bedroom 3, Bedroom 1, Bathroom 21, Bathroom 8, Bedroom 2, Bathroom 15, Bathroom 11, Bedroom 14, Bathroom 4, Bedroom 19, Bedroom 24, Bathroom 9, Bedroom 5, Bathroom 22, Bathroom 1, Bathroom 10, Bathroom 20, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 12, Bedroom 23, Bathroom 14, Bathroom 12, Bathroom 13, Bedroom 16, Bathroom 18, Bedroom 13, Bathroom 19, Bedroom 18, Bedroom 17, Bathroom 3, Bedroom 22, Bathroom 16, Bathroom 17, Bedroom 4, Bedroom 9, Bathroom 23, Bathroom 7, Bedroom 11
    Parking
    14
    Parking features
    Off Street
    Patio and Porch features
    Porch, Deck
    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), Hot Water(Heating), Baseboard
    Water source
    Public

    Building Details

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

    We can help!

    Listing Contact
    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

    • Strong in‑place income from a 23‑unit multifamily portfolio
    • Opportunity for increased income through rent increases
    • Potential to expand utility billbacks for additional revenue
    • Majority of units are below market value, providing immediate upside
    • Several month‑to‑month leases allow flexibility for near‑term adjustments
    • Off‑street parking available for tenants

    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.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $1.76M
    NOI $158,428 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.26M
    NOI $158,428 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.17M
    NOI $158,428 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Apartment 5plus

    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 Use Scenarios

    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 Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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

    Nearby Similar for Sale

    • $295,000
      2,193 SF

      Updated Two-Unit Property

      Updated two-unit property in Hudson Falls, steps from Main Street.
      73 John Street, Hudson Falls, NY 12839
      View Details
    • $200,000
      2,627 SF

      Hudson Falls Two-Family Property

      Two-family property in Hudson Falls with detached garage.
      8 Mechanic Street, Hudson Falls, NY 12839
      View Details
    • $259,500
      1,914 SF

      Hudson Falls Duplex Investment Opportunity

      Vacant duplex in Hudson Falls with upside potential.
      21-23 Maple Avenue, Hudson Falls, NY 12839
      View Details
    • $180,000
      1,756 SF

      Hudson Falls Multifamily Investment Property

      Two-unit multifamily property in Hudson Falls with long-term tenants.
      9 School Street, Hudson Falls, NY 12839
      View Details
    • $399,000
      2,450 SF

      Former Bank Branch on Route 4

      2,450 SF former bank branch with five-lane drive-thru.
      14 Main Street, Hudson Falls, NY, 12839
      View Details
    • $259,500
      1,914 SF

      Hudson Falls Vacant Duplex

      Vacant duplex in Hudson Falls with upside potential.
      21-23 Maple Avenue, Hudson Falls, NY 12839
      View Details
    • $180,000
      1,756 SF

      Two-Family Property in Hudson Falls

      Two-unit residential property with long-term tenants and upgrade potential.
      9 School Street, Hudson Falls, NY 12839
      View Details
    • Contact for pricing
      11,950 SF

      Former Walgreens Retail/Office Opportunity

      11,950 SF building on 0.86 acres in Hudson Falls.
      92 Main St, Hudson Falls, NY 12839
      View Details

    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: Strong in‑place income from a 23‑unit multifamily portfolio; Opportunity for increased income through rent increases; Potential to expand utility billbacks for additional revenue
    (518) 330-3160
    We can help!
    Listing Contact
    Jerid Meagan
    Jerid Meagan
    Real Estate License ID: 10491209223
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    177-181 Main Street, Hudson Falls, NY 12839
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!