Renovated Triplex
For Sale
$1,395,000
516-518 State Street, Hudson, NY 12534
Three attached townhomes provide individual kitchens, three bedrooms each, and connected garden-level areas for added flexibility.
Property Size4,032 SF
Days on Market162
Property Features for 516-518 State Street
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,427
Amenities
private rear garden
reserved parking
separate utilities
Building Details
Building Size
4,032 SF
Year Built
1910
Listing Agency:
Mahar Real Estate, LLC
Listed By:
Daniel Mahar
(518) 965-1465
Source:
C21newwest
Added: May 9
Changed: Oct 13
Last Checked: Oct 16 at 4:39PM
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 Mahar Real Estate, LLC
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Investment Insights
Based on property information with market context.
This triplex property consists of three attached townhomes, each with a kitchen and three bedrooms. The residences feature updated interiors alongside original architectural details, while differing layouts provide flexibility across the compound. Two garden-level areas are connected, adding storage and adaptable rooms that may serve as media or guest spaces. Separate utilities serve the property, and the rear yard includes reserved parking and a private garden.
Constructed in 1910, the building has a recently restored front facade. The property is located near Warren Street, the Pocketbook Factory, The Maker Hotel, fine dining, and the Amtrak station in Hudson. A documented Air BNB and rental history adds operational context for the three-unit configuration.
Constructed in 1910, the building has a recently restored front facade. The property is located near Warren Street, the Pocketbook Factory, The Maker Hotel, fine dining, and the Amtrak station in Hudson. A documented Air BNB and rental history adds operational context for the three-unit configuration.
Key Highlights
- Three attached townhomes, each with a kitchen and three bedrooms
- 1910 construction with recently restored front facade
- Updated interiors retain original architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,208
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,160
$864.2K
Cap Rate 7%
$617,257
$617.3K
Cap Rate 9%
$480,089
$480.1K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$65.3K $16.20/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$61.7K $15.31/SF
− OpEx
−$18.5K −$4.59/SF
NOI
$43.2K $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%
$864,160
Cap Rate 7%
$617,257
Cap Rate 9%
$480,089
Alternative Uses
Best Use
Multifamily LT 5
$617.3K
$540.1K – $720.1K
NOI $43,208 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$541.7K
$474.0K – $632.0K
NOI $37,921 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$997.5K
$872.9K – $1.16M
NOI $69,828 @ 7.0% cap · market cap 5.01%
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
1,459
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three attached townhomes provide individual kitchens, three bedrooms each, and connected garden-level areas for added flexibility.
Where is this triplex located?
The property is located at 516-518 State Street Hudson, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Three attached townhomes, each with a kitchen and three bedrooms; 1910 construction with recently restored front facade; Updated interiors retain original architectural details
