Two-Family Residential Investment
For Sale
$750,000
24 Aitken Avenue, Hudson, NY 12534
Two rented units each offer three bedrooms, a living room, kitchen, and one full bath, with separate utilities.
Property Size2,772 SF
Days on Market95
Property Features for 24 Aitken Avenue
General Information
Standard status
Active
Size
2,772 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,721
Building Details
Building Size
2,772 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
Red Apple Realty
Listed By:
Jahorul Liton · License #10401343987
Source:
C21newwest
Added: Jul 15
Changed: Oct 1
Last Checked: Oct 16 at 5:54PM
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 Red Apple Realty
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Investment Insights
Based on property information with market context.
This two-family residential property features two units, each with three bedrooms, a living room, kitchen, and one full bath. Interior details include original hardwood flooring, doors, and natural woodwork. The building is served by two 100-amp electric services, with two separate gas and electric meters so each tenant pays their own utilities.
Both units are currently rented. The property is located near Warren Street and Amtrak, providing convenient access to area amenities in Hudson.
With separate metering and clearly defined unit layouts, the building is well suited for an owner seeking a straightforward, income-producing residential investment.
Both units are currently rented. The property is located near Warren Street and Amtrak, providing convenient access to area amenities in Hudson.
With separate metering and clearly defined unit layouts, the building is well suited for an owner seeking a straightforward, income-producing residential investment.
Key Highlights
- 1924‑built 2‑family on Aitken Ave in the City of Hudson with both units currently rented
- Each unit features 3 bedrooms, a living room, a kitchen, and one full bath
- Unit 1 rents for $2,500/month; Unit 2 rents for $2,200/month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,706
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,120
$594.1K
Cap Rate 7%
$424,371
$424.4K
Cap Rate 9%
$330,067
$330.1K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$44.9K $16.20/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$42.4K $15.31/SF
− OpEx
−$12.7K −$4.59/SF
NOI
$29.7K $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 Rate 5%
$594,120
Cap Rate 7%
$424,371
Cap Rate 9%
$330,067
Alternative Uses
Best Use
Multifamily LT 5
$424.4K
$371.3K – $495.1K
NOI $29,706 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$372.4K
$325.9K – $434.5K
NOI $26,071 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$685.8K
$600.1K – $800.1K
NOI $48,007 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
802
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two rented units each offer three bedrooms, a living room, kitchen, and one full bath, with separate utilities.
Where is this duplex located?
The property is located at 24 Aitken Avenue Hudson, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1924‑built 2‑family on Aitken Ave in the City of Hudson with both units currently rented; Each unit features 3 bedrooms, a living room, a kitchen, and one full bath; Unit 1 rents for $2,500/month; Unit 2 rents for $2,200/month
