8-Bedroom
New
For Sale
$329,000
530 Hudson Avenue, Albany, NY 12203
Completed improvements are in place across this two-unit residential property.
Property Size2,200 SF
Price / SF$149.55
Days on Market7
Property Features for 530 Hudson Avenue
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
HS Capital Realty LLC
Listed By:
Elizabeth Koprucki · License #33788
(518) 795-7016
Source:
518realty
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 28 at 5:35AM
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 HS Capital Realty LLC
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Investment Insights
Based on property information with market context.
This duplex contains 8 bedrooms within 2,200 square feet. The property was built in 1890, and improvements have been completed.
Located at 530 Hudson Avenue in Albany, the property is identified as being in Pine Hills.
Located at 530 Hudson Avenue in Albany, the property is identified as being in Pine Hills.
Key Highlights
- Eight‑bedroom duplex
- 2,200 square feet
- Built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,054
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,080
$501.1K
Cap Rate 7%
$357,914
$357.9K
Cap Rate 9%
$278,378
$278.4K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$38.3K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.8K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$25.1K $11.39/SF
Area
Albany, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,080
Cap Rate 7%
$357,914
Cap Rate 9%
$278,378
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.2K – $417.6K
NOI $25,054 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$321.0K
$280.9K – $374.6K
NOI $22,473 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,969
Businesses Nearby
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Business Placement
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Completed improvements are in place across this two-unit residential property.
Where is this duplex located?
The property is located at 530 Hudson Avenue Albany, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Eight‑bedroom duplex; 2,200 square feet; Built in 1890
