For saleVirtual tour

$460,000

2,222 SF building0.04 acre lotBuilt 1885

346 Hudson AvenueAlbany, NY 12210

Multifamily property · MLS 12030579 · Listed 19 days ago (Oct 16, 2026)

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Active: Listed and available according to the MyStateMLS feed.

About this property

Fantastic opportunity for owner-occupants or investors in the heart of Albany's highly desirable Center Square/Hudson Park neighborhood! Meticulously maintained and filled with charm, this spacious 3-unit property offers incredible income potential with over $4,500/month in projected rental income when fully occupied! Offering immediate owner-occupancy potential with a vacant basement unit, this property is ideal for those looking to live in one unit while generating rental income from the others. Both the basement and second-floor units have been updated, featuring updated kitchens with stainless steel appliances and updated bathrooms. Beautiful hardwood flooring flows throughout the first and second floors, while the basement unit features new tile flooring. Each unit is filled with natural light, charm, and character, creating warm and inviting living spaces. Additional highlights include a new roof, new sewer line, and the convenience of shared basement laundry. Location, location, location! Just minutes from Washington Park, Albany Medical Center, St. Peter's Hospital, SUNY Albany, Lark Street, downtown Albany, state offices, the Capitol, and an abundance of coffee shops, restaurants, art galleries, nightlife, and other desirable downtown attractions. Whether you're looking to expand your investment portfolio or enjoy city living while collecting rental income, this is an opportunity you won't want to miss! Schedule your showing today!

Description provided by the listing brokerage.

Key facts

Asking price
$460,000
Status
For sale
Property type
MultifamilyFrom the MLS property class
Building area
2,222 SFSource field LivingArea
Land area
0.04 acresSource field LotSizeAcres
Year built
1885
MLS number
12030579

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.

Price

Asking price
$460,000
Price per SF of building
$207/SFAsking price ÷ 2,222 SF reported building area
Annual taxes
$8,167

Building and site

Units
3Source field NumberOfUnitsTotal
County
Albany County

Investment figures reported in the description

Occupancy
100% (described as pro forma or projected)"…projected rental income when fully occupied! offering immediate owner-occ…"

These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.

Reported features

  • Public water (from a listing field)

A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.

Listing details

Flooring

  • Vinyl
  • Tile
  • Hardwood
  • Carpet

Basement

  • Finished

Heating

  • Radiant
  • Hot Water
  • Natural Gas

Construction

  • Brick

Water

  • Public (Water Source)

Sewer

  • Other

Virtual tours and video

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Albany or multifamily property in Albany.

Why this listing is on Commercial Only

  • Multi-unit income property class. (PropertyTypeDetail: multi-unit)

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Price and status history

    Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.

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    Guides

    Listing courtesy of Miranda Real Estate Group Inc. Listing agent: Amanda Hart. Listings provided by MyStateMLS.

    Listing last modified at the source Oct 22, 2026, 11:50 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 4:01 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.