518 Hudson Avenue, Albany, NY 12203
MULTI_FAMILY - Other - Albany, NY
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 518 Hudson Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 13
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 8, Bedroom 2, Bathroom 7, Bathroom 4, Bedroom 13, Bedroom 10, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 12, Bathroom 5, Bedroom 11, Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 6, Bedroom 9, Bedroom 1
- Parking
- 12
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Interior features
- High Speed Internet
- Basement
- Unfinished, Partial
- Standard status
- Active
- APN
- 010100 65.61-3-15
- Size
- 3,000 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7319
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 6
- Flooring type
- Hardwood, Vinyl
- Building materials
- Aluminum Siding, Vinyl Siding
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Douglas S Schenk License #30SC0782781 (518) 221-2949
Listing office RE/MAX Capital 12 Wade Rd, Latham, NY (518) 724-6800
Listing date Jun 23, 2026
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.
HighLights
- Generates net income over $62,000 with month‑to‑month tenants and many long‑term tenants
- Unit mix includes 3 one‑bedroom units, 2 four‑bedroom units, and 1 three‑bedroom unit
- Up to 12 off‑street parking spaces plus a driveway
- Built in 1920 with aluminum and vinyl siding, and a rubber roof
- Public water and public sewer connected; natural gas hot water heating
- Porch on site; high‑speed internet available
Overview
The building is located at 518 Hudson Avenue in Albany, New York. The public remarks describe convenient access to downtown, nearby colleges, a bus line, and shopping and dining.
For investors or owner-operators, the unit mix may support a range of tenant needs across one- to four-bedroom configurations. The listing also notes that the building has month-to-month tenants and includes many long-term residents, and it references net income over $62,000 in the public remarks. Interested parties should review current lease terms and financial documentation to confirm income and tenant status.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $19.80 |
| − Vacancy | −$3.7k | −$1.23 |
| EGI | $55.7k | $18.57 |
| − OpEx | −$25.1k | −$8.36 |
| NOI | $30.6k | $10.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.78127
- Latitude
- 42.662133
