Turnkey 4-Unit Residential
For Sale
$874,900
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 Market150
Property Features for 825 Union Street
General Information
Standard status
Active
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: Aug 14
Last Checked: Sep 8 at 10:08AM
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
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 = 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
$32,109
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
3.67%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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).
