Updated 3-Family Income
472 Hudson Avenue Albany, NY 12203
472 Hudson Avenue, Albany, NY, 12203
$409,900
For Sale
$409,900
Updated 3-family property with 10 bedrooms and reported $5,200/month rental income.
Property Size3,197 SF
Price / SF$128.21
Days on Market21
Property Features for 472 Hudson Avenue
General Information
- Standard status
- Active
- Size
- 3,197 SF
- Property subtype
- Multi Family / Triplex
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Solutions
(315) 749-8596
Listed by
Jonathan Lanahan · License #10401298349
(315) 749-8596
Source
Compass
Added: Jul 2 Updated: Jul 21 at 5:30AM Checked: Jul 21 at 5:30AM
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 RE/MAX Solutions
Investment Insights
Based on property information with market context.
This for-sale, updated 3-family income property offers a total of 10 bedrooms across three units. The public remarks indicate many recent updates throughout the building. Reported rental income is $5,200 per month.
Located at 472 Hudson Avenue in Albany, New York, the property is described as being just minutes from area colleges and positioned in Albany’s student neighborhood. For investors seeking a multi-family asset with documented income and ongoing improvements, this 3-family setup provides a straightforward structure for generating rental revenue.
Located at 472 Hudson Avenue in Albany, New York, the property is described as being just minutes from area colleges and positioned in Albany’s student neighborhood. For investors seeking a multi-family asset with documented income and ongoing improvements, this 3-family setup provides a straightforward structure for generating rental revenue.
Key Highlights
- Updated 3‑family property with 10 bedrooms in Albany’s student neighborhood
- Reported rental income of $5,200/month
- Year built 1920 with full basement
Local Financial Insights For Multifamily LT 5
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 | $55.6k | $17.40 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $52.0k | $16.27 |
| − OpEx | −$15.6k | −$4.88 |
| NOI | $36.4k | $11.39 |
3,197 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$520.1K
$455.1K – $606.8K
NOI $36,408 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$843.5K
$738.0K – $984.0K
NOI $59,042 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Updated 3-family property with 10 bedrooms and reported $5,200/month rental income.
Where is this triplex located?
The property is located at 472 Hudson Avenue Albany, NY.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Updated 3‑family property with 10 bedrooms in Albany’s student neighborhood; Reported rental income of $5,200/month; Year built 1920 with full basement
