Three-Unit Triplex with Updated
New
For Sale
$460,000
346 Hudson Avenue, Albany, NY 12210
Residential Income, Albany, NY
Property Size2,222 SF
Lot Size0.04 Acres
Price / SF$207.02
Days on Market2
Property Features for 346 Hudson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4
Patio and Porch features
Deck
High school district
000000
Directions
Take I-87 South (Northway) to Exit 1E for I-90 East. Merge onto I-787 South toward Albany. Take Exit 3A toward Empire State Plaza, continue to South Swan Street, then turn left onto Jay Street, right onto Dove Street, and right onto Hudson Avenue. Property is located at 346 Hudson Avenue near Lark Street
Standard status
Active
APN
010100 76.24-5-7
Size
2,222 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8167
Utilities
Heating system
Radiant, Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
shared basement laundry
Building Details
Year built
1885
Number of units
3
Flooring type
Tile, Vinyl, Hardwood, Carpet
Building materials
Brick
Listing Agency:
Miranda Real Estate Group Inc
(518) 348-2060
Listed By:
Amanda L Hart
(518) 366-6974
Added: Oct 16
Last Checked: Oct 17 at 9:06PM
MLS# 12030579
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick triplex contains 2,222 square feet across three units on a 0.04-acre lot. The basement apartment is vacant, and the building has shared basement laundry. Kitchens and bathrooms have been updated in both the basement and second-floor units; the kitchens include stainless steel appliances. Hardwood flooring is present on the first and second floors, while tile finishes the basement unit. The property also has a deck and a new roof and sewer line.
Built in 1885, the building is in Albany, near Washington Park, Albany Medical Center, St. Peter’s Hospital, SUNY Albany, Lark Street, downtown, and the State Capitol.
Built in 1885, the building is in Albany, near Washington Park, Albany Medical Center, St. Peter’s Hospital, SUNY Albany, Lark Street, downtown, and the State Capitol.
Key Highlights
- Three‑unit brick triplex with 2,222 square feet of building area
- 0.04‑acre lot in Albany
- Vacant basement unit and shared basement laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,305
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,100
$506.1K
Cap Rate 7%
$361,500
$361.5K
Cap Rate 9%
$281,167
$281.2K
Market Conditions
NOI Build-Up for 2,222 SF
Gross rent
$38.7K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.1K $16.27/SF
− OpEx
−$10.8K −$4.88/SF
NOI
$25.3K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,100
Cap Rate 7%
$361,500
Cap Rate 9%
$281,167
Alternative Uses
Best Use
Multifamily LT 5
$361.5K
$316.3K – $421.8K
NOI $25,305 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$324.2K
$283.7K – $378.3K
NOI $22,697 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$586.2K
$513.0K – $683.9K
NOI $41,036 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A vacant basement apartment offers immediate occupancy, with shared laundry in the basement.
Where is this triplex located?
The property is located at 346 Hudson Avenue Albany, NY.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Three‑unit brick triplex with 2,222 square feet of building area; 0.04‑acre lot in Albany; Vacant basement unit and shared basement laundry
