Turnkey 4-Unit Residential
For Sale
$874,900
Pending
825 Union Street, Hudson, NY 12534
Four 1-bedroom units feature in-unit washer/dryer hookups, separate utilities, and off-street parking.
Property Size3,414 SF
Days on Market196
Property Features for 825 Union Street
General Information
Standard status
Pending
Size
3,414 SF
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,441
Building Details
Building Size
3,414 SF
Year Built
1974
Tenancy
Multi
Listing Agency:
Mahar Real Estate, LLC
Listed By:
Daniel Mahar
(518) 965-1465
Source:
Tkgre
Added: Apr 13
Changed: Oct 20
Last Checked: Oct 23 at 4:33PM
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 turnkey 4-unit residential building includes four 1-bedroom apartments, each with a comfortable living area, dining space, full kitchen, full bath, and in-unit washer/dryer hookups. The property is set up with separate utilities, including four hot water boilers, four gas meters, and five electric services (including a landlord meter), supporting efficient operation.
Exterior amenities include an enclosed front entry, a rear patio, a second-floor balcony, a sizable backyard, a gardening shed, and off-street parking. Rental income is currently generated through a mix of short-term rentals, long-term tenants, and parking fees, with two long-term tenants in place for over five years.
Located on Union Street in Hudson, the building is described as being just steps from Warren Street, with walkability to downtown shops, restaurants, boutiques, art galleries, nightlife, and year-round local events.
Exterior amenities include an enclosed front entry, a rear patio, a second-floor balcony, a sizable backyard, a gardening shed, and off-street parking. Rental income is currently generated through a mix of short-term rentals, long-term tenants, and parking fees, with two long-term tenants in place for over five years.
Located on Union Street in Hudson, the building is described as being just steps from Warren Street, with walkability to downtown shops, restaurants, boutiques, art galleries, nightlife, and year-round local events.
Key Highlights
- Four 1‑bedroom apartments in a 1974‑built multi‑family building.
- Each unit includes a full kitchen, full bath, and in‑unit washer/dryer hookups.
- Separate utilities include four hot water boilers, four gas meters, and five electric services (including a landlord meter).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,109
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,180
$642.2K
Cap Rate 7%
$458,700
$458.7K
Cap Rate 9%
$356,767
$356.8K
Market Conditions
NOI Build-Up for 3,414 SF
Gross rent
$61.5K $18.00/SF
− Vacancy
−$3.1K −$0.90/SF
EGI
$58.4K $17.10/SF
− OpEx
−$26.3K −$7.69/SF
NOI
$32.1K $9.41/SF
Area
Columbia County, NY
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,180
Cap Rate 7%
$458,700
Cap Rate 9%
$356,767
Alternative Uses
Best Use
Apartment 5plus
$458.7K
$401.4K – $535.2K
NOI $32,109 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$844.6K
$739.1K – $985.4K
NOI $59,125 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,313
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?
Multifamily property - Four 1-bedroom units feature in-unit washer/dryer hookups, separate utilities, and off-street parking.
Where is this multifamily property located?
The property is located at 825 Union Street Hudson, NY.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: Four 1‑bedroom apartments in a 1974‑built multi‑family building.; Each unit includes a full kitchen, full bath, and in‑unit washer/dryer hookups.; Separate utilities include four hot water boilers, four gas meters, and five electric services (including a landlord meter).
