| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 55th | Fair |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 Fairview Ave, Hudson, NY, 12534, US |
| Region / Metro | Hudson |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | 2007-05-24 |
| Transaction Price | $1,475,690 |
| Buyer | HOUSING RESOURCES OF COLU MBIA COUNTY INC |
| Seller | GREENORT ASSOC |
500 Fairview Ave Hudson NY Multifamily Investment
Stabilized renter demand and a moderate rent-to-income profile in the surrounding neighborhood point to steady leasing potential, according to WDSuite’s CRE market data. Positioned in suburban Hudson, the asset benefits from local amenity access and a renter base that supports occupancy durability over time.
Hudson’s suburban neighborhood around 500 Fairview Ave shows balanced livability with practical access to daily needs. Amenity access ranks competitive among 45 Hudson-area neighborhoods (ranked 2 of 45), while national comparisons are closer to mid-pack, indicating local convenience that can help with tenant retention. Grocery and pharmacy density also place above metro median locally, supporting everyday needs without long commutes.
The neighborhood’s housing stock skews older than the property-level vintage, with the average construction year around 1951 (ranked 14 of 45). By contrast, the property’s 1989 vintage positions it newer than much of the surrounding stock, which can be an advantage versus older comparables while still leaving room for targeted modernization of exteriors, interiors, and building systems as part of a value-add plan.
Occupancy for the neighborhood sits above the metro median (ranked 12 of 45) but trails national benchmarks, suggesting generally stable local absorption with less outperformance at the national scale. Renter-occupied housing share is higher locally (ranked 5 of 45), signaling a deeper tenant base that typically supports leasing velocity for multifamily. Household sizes are modest and above national averages, indicating demand for functional unit mixes rather than oversized floor plans.
Within a 3-mile radius, population and household counts have grown in recent years, and WDSuite’s data indicates further increases ahead, pointing to a larger tenant base over the medium term. Forecasts show households expanding notably while average household size trends down, a pattern that often supports sustained multifamily demand as more households seek rental options. Median home values in the neighborhood are moderate relative to major coastal markets, and with rent-to-income around a mid-20s share locally, affordability pressures appear manageable, supporting lease retention and measured pricing power for well-maintained assets.
Comparable, neighborhood-level crime estimates are not available in WDSuite’s dataset for this location, so safety should be assessed in the context of broader Hudson and Columbia County trends rather than block-level claims. Investors commonly review multi-year regional indicators and qualitative factors such as lighting, visibility, and property upkeep to gauge tenant comfort and potential retention impacts.
Regional employers within commuting range help underpin renter demand, with technology and professional services representing a meaningful share of the employment base noted below.
- IBM — technology & services (25.3 miles)
This 24-unit property, built in 1989, stands newer than much of the surrounding housing stock, offering relative competitiveness versus older product and potential value-add upside through selective renovations. The neighborhood shows above-median occupancy locally with a higher renter concentration, while 3-mile demographics indicate population growth and a forecasted increase in households that can expand the tenant base. According to CRE market data from WDSuite, local rent levels and rent-to-income metrics suggest manageable affordability pressure, supporting retention for well-operated assets.
Key considerations include occupancy that trails national levels and a smaller asset scale that may require active management to optimize expenses and leasing. Even so, the combination of steady renter demand, demographic tailwinds, and modernization potential positions the property as a pragmatic hold for investors targeting durable cash flows with measured upside.
- Newer 1989 vintage versus neighborhood average, enabling competitive positioning and targeted value-add
- Above-median local occupancy and deeper renter base support leasing stability
- 3-mile population and household growth expand the tenant pool and support long-term demand
- Moderate rent-to-income context aids retention and measured pricing power
- Risks: occupancy below national benchmarks and small scale may require disciplined operations