36 Fairview Ave 12 Unit Apartment Building $2,995,000 ($249,583/Unit) 7.45% Cap Rate Hudson, NY 12534

Discover Fairview Commons — a pair of well-kept multifamily buildings at 34–36 Fairview Street in Hudson, New York. Twelve bright, spacious two-bedroom apartments sit behind classic porches and crisp lines, the kind of architecture that feels both sturdy and intentional. The buildings mirror each other across a quiet, tree-lined street, offering a clean, well-scaled investment that performs as well as it presents.
With large market rate two-bedroom units in short supply, and no rent regulations in place, Fairview Commons operates with flexibility rarely found in established markets. Current leases remain well below the city’s growing demand curve, allowing room for thoughtful repositioning and long-term value growth. Combined with low vacancy rates and steady tenant demand, the property offers both stability and strategic potential in one of upstate New York’s most resilient rental corridors.
Hudson has become one of the Hudson Valley’s most magnetic small cities — a place where 19th-century brick warehouses now house design studios, wine bars, and galleries, and where weekenders and locals mingle over coffee on Warren Street. The city’s walkability is unmatched: everything from the waterfront to the farmers market is a short stroll, and the Amtrak station connects directly to New York City in just over two hours, drawing a steady stream of creative professionals, part-time residents, and full-time tenants who want both access and escape.