Victorian Two-Family
For Sale
$899,000
514-516 Union Street, Hudson, NY 12534
Two apartments include a first-floor residence with two bedrooms and an office, plus a three-bedroom unit above.
Property Size2,800 SF
Days on Market11
Property Features for 514-516 Union Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,535
Amenities
front porch
gardens
Building Details
Building Size
2,800 SF
Year Built
1880
Buildings
1
Construction
Victorian
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Chris Getman
(203) 554-5032
Source:
Gristmillrealestate
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 24 at 9:57PM
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 Houlihan Lawrence Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1880, this Victorian-influenced duplex is configured as two apartments. The first-floor unit has two bedrooms, a home office, and a kitchen with direct access to the backyard. Architectural details include coffered ceilings, historic windows, inlay hardwood floors, and beveled-glass French doors. The upper apartment has three bedrooms.
The property occupies a double lot with gardens and a double front porch. Off-street parking is available, with access from Cherry Alley. Warren Street’s cafes, restaurants, galleries, and shops are nearby, and the Amtrak station is a 10-minute walk away.
The property occupies a double lot with gardens and a double front porch. Off-street parking is available, with access from Cherry Alley. Warren Street’s cafes, restaurants, galleries, and shops are nearby, and the Amtrak station is a 10-minute walk away.
Key Highlights
- Two‑family duplex built in 1880
- First‑floor apartment has two bedrooms, an office, and backyard access from the kitchen
- Upper‑floor apartment has three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,006
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,120
$600.1K
Cap Rate 7%
$428,657
$428.7K
Cap Rate 9%
$333,400
$333.4K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$45.4K $16.20/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$42.9K $15.31/SF
− OpEx
−$12.9K −$4.59/SF
NOI
$30.0K $10.72/SF
Area
Columbia County, NY
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,120
Cap Rate 7%
$428,657
Cap Rate 9%
$333,400
Alternative Uses
Best Use
Multifamily LT 5
$428.7K
$375.1K – $500.1K
NOI $30,006 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$376.2K
$329.2K – $438.9K
NOI $26,334 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$692.7K
$606.2K – $808.2K
NOI $48,492 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 12534, NY
17,539
Population
9,613
Households
1.8
Avg Household Size
46
Median Age
33%
College-Educated
88%
High-School Grad
88.6 sq mi
ZIP Area
198
Density / Sq Mi
$76,086
Median Household Income
$40,823
Median Earnings
$1,296
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments include a first-floor residence with two bedrooms and an office, plus a three-bedroom unit above.
Where is this duplex located?
The property is located at 514-516 Union Street Hudson, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family duplex built in 1880; First‑floor apartment has two bedrooms, an office, and backyard access from the kitchen; Upper‑floor apartment has three bedrooms
