6631 Park Pl - Park Place Flats 10 Unit Apartment Building Offered at $1,475,000 at a 7.97% Cap Rate Hudson, NY 12534

Park-front scale, fully leased income, and proximity to Hudson. This 10-unit multifamily offering spans two buildings on a quiet dead-end road directly across from Stottville Park and Ball Field—a community amenity with sports fields, playground space, and access to the Empire State Trail. Near the gently flowing Claverack Creek, the property pairs a peaceful residential setting with a compelling, fully leased rental operation.
Originally developed as mill-worker housing, the property reflects Stottville’s industrial heritage while benefiting from extensive current-owner improvements. The offering includes three full-building units at 6627–6629 Park Place, along with the entire building at 6633 Park Place. Many apartments have been substantially renovated, including gut renovations, new kitchens, and new baths—creating a well-maintained foundation for continued ownership.
Located in historic Stottville, approximately three miles north of Hudson, the property offers tenants easy access to Hudson’s dining, shopping, galleries, Amtrak service, and cultural scene while retaining the quieter character of a creekside mill hamlet. With all 10 units fully leased, this is a stabilized multifamily asset with scale, recent capital improvements, and a desirable park-side setting.