Two-Unit Duplex with
For Sale
$485,000
544 State Street, Hudson, NY 12534
Two-family duplex with one unit over another, featuring tall ceilings and a welcoming front porch.
Property Size2,156 SF
Days on Market104
Property Features for 544 State Street
General Information
Standard status
Active
Size
2,156 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,441
Building Details
Building Size
2,156 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
KW Platform
Listed By:
Rebecca Sullivan · License #10401312551
(518) 267-9983
Source:
Tkgre
Added: May 31
Changed: Sep 9
Last Checked: Sep 10 at 6:25AM
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 KW Platform
Investment Insights
Based on property information with market context.
This two-family duplex is arranged one unit over another, offering a straightforward vertical configuration. The property features early 1900s character elements, including classic gable lines and scalloped exterior detail, along with a front porch. Inside, both units have tall ceilings and natural light with layouts that include period trim. The upstairs unit includes a bright front room, while the downstairs unit provides an easy flow from living space to kitchen.
Located in Hudson in a walkable area near Warren Street and the riverfront, the property is close to parks, dining, art, and shopping. The Amtrak station is also within quick access.
Sold AS IS. The configuration supports either continued rental use or flexible owner-occupant options.
Located in Hudson in a walkable area near Warren Street and the riverfront, the property is close to parks, dining, art, and shopping. The Amtrak station is also within quick access.
Sold AS IS. The configuration supports either continued rental use or flexible owner-occupant options.
Key Highlights
- Two‑family duplex built in 1910 with one unit over another layout
- Welcoming front porch and classic gable‑line exterior with scalloped exterior detail
- Upstairs unit features a bright front room with period trim and tall ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,104
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,080
$462.1K
Cap Rate 7%
$330,057
$330.1K
Cap Rate 9%
$256,711
$256.7K
Market Conditions
NOI Build-Up for 2,156 SF
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.
Gross rent
$34.9K $16.20/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$33.0K $15.31/SF
− OpEx
−$9.9K −$4.59/SF
NOI
$23.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,080
Cap Rate 7%
$330,057
Cap Rate 9%
$256,711
Alternative Uses
Best Use
Multifamily LT 5
$330.1K
$288.8K – $385.1K
NOI $23,104 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$289.7K
$253.5K – $338.0K
NOI $20,277 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$533.4K
$466.7K – $622.3K
NOI $37,338 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with one unit over another, featuring tall ceilings and a welcoming front porch.
Where is this duplex located?
The property is located at 544 State Street Hudson, NY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑family duplex built in 1910 with one unit over another layout; Welcoming front porch and classic gable‑line exterior with scalloped exterior detail; Upstairs unit features a bright front room with period trim and tall ceilings
