Updated Three-Family
For Sale
$365,000
472 Hudson Avenue, Albany, NY 12203
Three-family property with 10 bedrooms and recent improvements in Albany near area colleges.
Property Size3,197 SF
Price / SF$114.17
Days on Market98
Property Features for 472 Hudson Avenue
General Information
Standard status
Active
Size
3,197 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$62,400
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,055
Building Details
Year Built
1920
Listing Agency:
Re Max Solutions
Listed By:
Jonathan Lanahan · License #10401298349
(315) 749-8596
Source:
Capmarkrealty
Added: Jul 12
Changed: Oct 14
Last Checked: Oct 16 at 6:23AM
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
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Investment Insights
Based on property information with market context.
Built in 1920, this three-family property contains 10 bedrooms within approximately 3,197 square feet. The building has received updates throughout, providing an improved configuration for residential occupancy across its three-family layout.
The property is located at 472 Hudson Avenue in Albany, New York, within the city’s student-oriented area and minutes from area colleges. Its bedroom count and proximity to higher-education campuses support residential use aligned with the surrounding neighborhood context.
The property is located at 472 Hudson Avenue in Albany, New York, within the city’s student-oriented area and minutes from area colleges. Its bedroom count and proximity to higher-education campuses support residential use aligned with the surrounding neighborhood context.
Key Highlights
- Three‑family triplex with 10 bedrooms
- Approximately 3,197 square feet
- Updates completed throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,657
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,140
$653.1K
Cap Rate 7%
$466,529
$466.5K
Cap Rate 9%
$362,856
$362.9K
Market Conditions
NOI Build-Up for 3,197 SF
Gross rent
$63.3K $19.80/SF
− Vacancy
−$3.9K −$1.23/SF
EGI
$59.4K $18.57/SF
− OpEx
−$26.7K −$8.36/SF
NOI
$32.7K $10.21/SF
Area
Albany, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,140
Cap Rate 7%
$466,529
Cap Rate 9%
$362,856
Alternative Uses
Best Use
Multifamily LT 5
$520.1K
$455.1K – $606.8K
NOI $36,408 @ 7.0% cap · market cap 9.97%
Second Best
Apartment 5plus
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$843.5K
$738.0K – $984.0K
NOI $59,042 @ 7.0% cap · market cap 16.18%
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
2,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
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 - Three-family property with 10 bedrooms and recent improvements in Albany near area colleges.
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 $365,000.
What are key features of this property?
This property features: Three‑family triplex with 10 bedrooms; Approximately 3,197 square feet; Updates completed throughout the property
