Updated Three-Family
For Sale
$365,000
472 Hudson Avenue, Albany, NY 12203
MultiFamily, Albany, NY
Property Size3,197 SF
Lot Size0.06 Acres
Price / SF$114.17
Days on Market98
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Property Features for 472 Hudson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 9, Bedroom 10, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 5
Basement
Full
Elementary school
Pine Hills
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
quail street to Hudson property on the left
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
Vinyl, Tile, Wood
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Rubber, Asphalt
Architectural style
Other
Listing Agency:
Re Max Solutions · RE/MAX International
(518) 318-3800
Listed By:
Jonathan Lanahan · License #10401298349
(315) 749-8596
Added: Jul 10
Changed: Oct 2
Last Checked: Oct 15 at 1:06PM
MLS# 202621496
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 three-family triplex at 472 Hudson Avenue contains 3,197 square feet with 10 bedrooms and 3 bathrooms. Built in 1920, the property has received many recent updates and combines aluminum and vinyl siding with tile, wood, and vinyl flooring. Heating is provided by a hot-water system, while the roof materials include rubber and asphalt.
The property occupies 0.06 acres in Albany’s student neighborhood, with area colleges located minutes away. Public water and public sewer serve the building, and cable is available. Its three-family configuration and bedroom count provide a substantial residential layout for an income-property buyer.
The property occupies 0.06 acres in Albany’s student neighborhood, with area colleges located minutes away. Public water and public sewer serve the building, and cable is available. Its three-family configuration and bedroom count provide a substantial residential layout for an income-property buyer.
Key Highlights
- Three‑family triplex with 10 bedrooms and 3 bathrooms
- 3,197 square feet on a 0.06‑acre lot
- Many recent updates 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.
How Realmo checks its estimates
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
Check the figures for this property
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 - Updated residential income property with public water and sewer, multiple flooring types, and hot-water heating.
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 and 3 bathrooms; 3,197 square feet on a 0.06‑acre lot; Many recent updates throughout the property
