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Updated Triplex Investment Property

472 Hudson Avenue Albany, NY 12203

Claim this Listing
New
For Sale
$409,900

MULTI_FAMILY - Other - Albany, NY

Property size:
3,197 SF
Lot size:
0.06 Acres
Price / SF:
$128/SF
Added:
Jul 10, 2026
Days on Market:
1
Last Refresh:
Jul 10 at 11:06 pm

Property Features for 472 Hudson Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
3
Rooms
Bedroom 3, Bedroom 7, Bedroom 10, Bedroom 2, Bedroom 9, Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 1
Basement
Full
Standard status
Active
APN
010100 65.61-3-45
Size
3,197 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Annual Amount
8055

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public

Building Details

Year built
1920
Number of units
3
Flooring type
Tile, Wood, Vinyl
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Asphalt, Rubber
Architectural style
Other

Listing agent Jonathan Lanahan License #10401298349

Listing office RE/MAX Solutions 112 N Greenbush Rd Suite C, Clifton Park, NY

Listing date Jul 10, 2026

MLS# 202621496 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.


Investment Insights

Based on property information with market context.

This updated 3-family (triplex) property contains a total of 10 bedrooms and is offered for sale at 472 Hudson Avenue in Albany, NY. The listing notes recent updates throughout the building.

The property is described as generating $5,200 per month in income. It is positioned in Albany with access to nearby area colleges described in the remarks.

With a listed property size of 3,197 square feet on a 0.06-acre lot, this is a straightforward multi-family option for investors seeking an income-producing residence configured as three separate units.

Key Highlights

  • Updated 3‑family property with 10 bedrooms total
  • Reported income of $5,200/month
  • Public water and public sewer

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 (±1% cap)
NOI $36,408 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$466.5K
$408.2K – $544.3K (±1% cap)
NOI $32,657 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$843.5K
$738.0K – $984.0K (±1% cap)
NOI $59,042 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency HVAC Service Acupuncture Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Furniture & Home Goods (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Updated 3-family property with 10 total bedrooms, listed for sale at 472 Hudson Avenue in Albany, NY.
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 total; Reported income of $5,200/month; Public water and public sewer
Contact an agent
More about this property
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