Renovated Three-Unit
For Sale
$1,395,000
516518 516-518 State St, Hudson, NY 12534
Three connected residences feature individual kitchens, bedroom suites, and adaptable garden-level areas.
Property Size4,032 SF
Price / SF$345.98
Days on Market68
Property Features for 516518 516-518 State St
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
private rear garden
reserved parking
Building Details
Year Built
1910
Listing Agency:
Mahar Real Estate, LLC
Listed By:
Daniel Mahar
(518) 965-1465
Source:
Upstatecurious
Added: Aug 10
Changed: Oct 7
Last Checked: Oct 7 at 2:22PM
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.
Built in 1910, this 4,032-square-foot triplex at 516-518 State St comprises three attached townhomes. Each residence includes a kitchen and three bedrooms, with layouts that vary across the compound. Interior renovations introduce modern updates while retaining original architectural character. Connected garden-level rooms add storage and flexible space that can serve as media or guest areas. The property also includes separate utilities, a private rear garden, and reserved parking.
The compound is positioned near Warren Street in Hudson, with access to the Pocketbook Factory, The Maker Hotel, fine dining, and the Amtrak station. A restored front facade reinforces the building’s established architectural identity. Existing Airbnb and rental history provides an operating record for the three-unit configuration.
The compound is positioned near Warren Street in Hudson, with access to the Pocketbook Factory, The Maker Hotel, fine dining, and the Amtrak station. A restored front facade reinforces the building’s established architectural identity. Existing Airbnb and rental history provides an operating record for the three-unit configuration.
Key Highlights
- Three attached townhomes, each with a kitchen and three bedrooms
- 4,032 SF triplex built in 1910
- Renovated interiors combine modern updates with original architectural character
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,402
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?
Triplex - Three connected residences feature individual kitchens, bedroom suites, and adaptable garden-level areas.
Where is this triplex located?
The property is located at 516518 516-518 State St 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; 4,032 SF triplex built in 1910; Renovated interiors combine modern updates with original architectural character
