Furnished Two-Unit
For Sale
Contact for pricing
854 Columbia Street, Hudson, NY 12534
Two furnished units with updated kitchens, two bedrooms each, and updated full baths in a walkable Hudson setting.
Property Size2,280 SF
Price / SF$208.33
Days on Market67
Property Features for 854 Columbia Street
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multifamily
Zoning
R5
Building Details
Year Built
1900
Units
2
Listing Agency:
William Raveis Real Estate
Listed By:
Dana Fuchs · License #10401397162
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 8 at 3:13PM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This furnished two-unit duplex offers two separate residential units, each laid out with a spacious living room, formal dining room, updated kitchen, two bedrooms, and an updated full bath. Original wood floors and paneled doors help preserve the home’s character, while thoughtful updates provide comfortable, move-in-ready living throughout. The property is presented as furnished, supporting immediate occupancy or streamlined transition for a new owner.
The location places everyday destinations within a walkable area, with restaurants, shops, galleries, and an Amtrak station described as just minutes away. The convenience of this setting can be a practical advantage for tenants and can also support flexible future use if the property is maintained as a duplex or adapted to changing needs.
For buyers seeking a residential income property, the combination of two well-appointed units, furnished presentation, and established rental history provides a straightforward path for continuing the duplex setup. Alternatively, the existing two-unit configuration can be useful for owners who want options while retaining the property’s character and functional updates.
The location places everyday destinations within a walkable area, with restaurants, shops, galleries, and an Amtrak station described as just minutes away. The convenience of this setting can be a practical advantage for tenants and can also support flexible future use if the property is maintained as a duplex or adapted to changing needs.
For buyers seeking a residential income property, the combination of two well-appointed units, furnished presentation, and established rental history provides a straightforward path for continuing the duplex setup. Alternatively, the existing two-unit configuration can be useful for owners who want options while retaining the property’s character and functional updates.
Key Highlights
- 1900‑built two‑unit property with established rental history
- Each unit has 2 bedrooms, a spacious living room, and a formal dining room
- Both units include updated kitchens and an updated full bath
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
$24,433
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
5.14%
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%
$488,660
$488.7K
Cap Rate 7%
$349,043
$349.0K
Cap Rate 9%
$271,478
$271.5K
Market Conditions
NOI Build-Up for 2,280 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
$36.9K $16.20/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$34.9K $15.31/SF
− OpEx
−$10.5K −$4.59/SF
NOI
$24.4K $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%
$488,660
Cap Rate 7%
$349,043
Cap Rate 9%
$271,478
Alternative Uses
Best Use
Multifamily LT 5
$349.0K
$305.4K – $407.2K
NOI $24,433 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$306.3K
$268.0K – $357.4K
NOI $21,443 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$564.1K
$493.6K – $658.1K
NOI $39,486 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,182
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?
Duplex - Two furnished units with updated kitchens, two bedrooms each, and updated full baths in a walkable Hudson setting.
Where is this duplex located?
The property is located at 854 Columbia Street Hudson, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1900‑built two‑unit property with established rental history; Each unit has 2 bedrooms, a spacious living room, and a formal dining room; Both units include updated kitchens and an updated full bath
