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 23 at 12:24PM
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.
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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
