1432 Hudson Ave · Stillwater, NY 12170

$169,000

2 bd · 1.0 ba · 1,344 sqft · SingleFamily public records · 49 Days on market

Built 1915 0.61 ac lot $126/sqft · 54% below area

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.7/30.0
• Appreciation +10.0/10.0
• DSCR +8.5/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Schools +5.2/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Opportunity knocks on the Hudson! This 3-bedroom, 1-bath waterfront property offers direct frontage on the Hudson River and incredible upside for the right buyer. Whether you're looking to renovate and resell, create a seasonal getaway, or build long-term rental value, this property is full of potential. Some renovation work has already been started, giving you a head start on transforming this fixer-upper into a standout riverfront home. The setting is the real highlight--enjoy scenic water views, peaceful surroundings, and the rare chance to own true waterfront at an attractive price point. The property is being sold as-is and will require further improvements. There an active stop work order in place for unpermitted work. Buyers should perform their own due diligence. There is currently a partially shared driveway. Buyer could make their own if they desire. Condition of the well and septic system is unknown.

Key facts

• Waterfront property
• Scenic water views
• 0.61 acre lot

Tags

• WATERFRONT PROPERTY
• SCENIC WATER VIEWS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $-23 ($-281/yr) — negative.
• To cash-flow at today's rent, offer at most $165k (2.4% below list).
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $164k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#509 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety D-.
• Stillwater Central School District (suburban): math 56% / reading 60% proficiency, ranked #238 of 590 in NY (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 45 active listings in the ZIP; 1,132 units permitted in Saratoga County in 2024 (378 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Saratoga County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $47k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($164k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; flood insurance adds $427/mo; built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $163,930 (3.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.29% ✓
• Cap rate: 9.16%
• Cash-on-cash: 10.22%
• DSCR: 1.45
• GRM: 6.5

CMA / ARV

• ARV (median comp): $364,295
• List price: $169,000
• Delta: -53.61%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
65 Marcellus Ln	0.72mi	2/1.0	1,200 (-11%)	5mo	$195,000	$163	44
43 Russell Dr	0.72mi	3/2.0 (+1)	1,248 (-7%)	6mo	$265,000	$212	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.9%
• Equity multiple: 2.92×
• Total profit: $90,938
• Equity at exit: $152,249

10-year hold

• IRR: 21.3%
• Equity multiple: 6.70×
• Total profit: $269,739
• Equity at exit: $328,330

Cash invested: $47,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12170

• Home prices YoY: 7.4%
• Active inventory: 45
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,178 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$361 /mo · $4,331/yr
• Insurance: −$70
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $-23

Break-even live

Break-even rent $2,208

Max offer price $164,865

Occupancy floor 96%

Sensitivity live

Price	-10% $72	-5% $24	+0% $-23	+5% $-71	+10% $-119
Rent	-10% $-195	-5% $-109	+0% $-23	+5% $63	+10% $149
Rate	-1.0pp $62	-0.5pp $20	base $-23	+0.5pp $-67	+1.0pp $-112

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-14
   status $169,000 Pending 49 DOM
2. 2026-06-10
   pricedays on market $169,000 Active 49 DOM
3. 2026-06-09
   days on market $189,000 Active 48 DOM
4. 2026-06-08
   days on market $189,000 Active 47 DOM
5. 2026-06-07
   days on market $189,000 Active 46 DOM
6. 2026-06-05
   days on market $189,000 Active 43 DOM
7. 2026-06-03
   days on market $189,000 Active 42 DOM
8. 2026-06-02
   days on market $189,000 Active 41 DOM
9. 2026-06-01
   days on market $189,000 Active 40 DOM
10. 2026-05-31
    days on market $189,000 Active 39 DOM
11. 2026-05-31
    days on market $189,000 Active 38 DOM
12. 2026-05-06
    price $189,000 924-char remark

    Show marketing remark (924 chars)

    Opportunity knocks on the Hudson! This 3-bedroom, 1-bath waterfront property offers direct frontage on the Hudson River and incredible upside for the right buyer. Whether you're looking to renovate and resell, create a seasonal getaway, or build long-term rental value, this property is full of potential. Some renovation work has already been started, giving you a head start on transforming this fixer-upper into a standout riverfront home. The setting is the real highlight--enjoy scenic water views, peaceful surroundings, and the rare chance to own true waterfront at an attractive price point. The property is being sold as-is and will require further improvements. There an active stop work order in place for unpermitted work. Buyers should perform their own due diligence. There is currently a partially shared driveway. Buyer could make their own if they desire. Condition of the well and septic system is unknown.

13. 2026-04-22
    listed $199,900 Active 924-char remark

    Show marketing remark (924 chars)

    Opportunity knocks on the Hudson! This 3-bedroom, 1-bath waterfront property offers direct frontage on the Hudson River and incredible upside for the right buyer. Whether you're looking to renovate and resell, create a seasonal getaway, or build long-term rental value, this property is full of potential. Some renovation work has already been started, giving you a head start on transforming this fixer-upper into a standout riverfront home. The setting is the real highlight--enjoy scenic water views, peaceful surroundings, and the rare chance to own true waterfront at an attractive price point. The property is being sold as-is and will require further improvements. There an active stop work order in place for unpermitted work. Buyers should perform their own due diligence. There is currently a partially shared driveway. Buyer could make their own if they desire. Condition of the well and septic system is unknown.

14. 2021-02-08
    soldstatus $148,200

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $4,331 · $361/mo
• Projected year-2 tax: $4,331 · $361/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,137
• − Mortgage interest: −$9,467
• − Property taxes: −$4,331
• − Insurance: −$5,964
• − Repairs & maintenance: −$2,091
• − Management: −$2,091
• − Depreciation: −$4,916
• Taxable loss: −$2,722
• Est. tax savings @ 24.0%: +$653
• After-tax cash flow: $372/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Stillwater Central School District
• NCES district ID: 3628110
• Math proficiency: 56% ▼ -13.00%
• Reading proficiency: 60% ▲ 2.00%
• Median HH income: $72,025
• Composite: 51.51/100
• National rank: #1721
• State rank: #238 of 590 in NY

Livability — Stillwater

• Score: 69/100
• State rank: #509
• US rank: #8993

Category grades

Amenities F Commute F Cost of living C Crime A+ Employment A+ Housing A+ Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,225

Population outlook (Saratoga County) Hauer SSP2

• Today (2025): 238,889 people
• By 2030: 243,681 · +2.0%
• By 2040: 249,118 · +4.3%
• By 2050: 248,638 · +4.1%
• By 2075: 241,675 · +1.2%
• By 2100: 213,150 · -10.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 9% Two or more races 6% Black 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Dominican 2%
• Common ancestry: Romanian 7% Lithuanian 6% Iranian 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Saratoga

• 2024 margin: Toss-up / Even · D 50.9% · R 49.1%
• 2008→2024 swing: -1.6pp toward R · 2008: 3.4pp · 2024: 1.8pp
• All cycles: 2024: D+1.8 2020: D+5.4 2016: R+4.4 2012: D+2.1 2008: D+3.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 25.13%
• Current HPI: 363.0428
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+27.5% since first listed

3 events — show timeline

• 2026-05-06 Price Changed $189,000 Global MLS
• 2026-04-22 Listed $199,900 Global MLS
• 2021-02-08 Sold (Public Records) $148,200 Public Records

Property tax history

+2.1%/yr

Latest (2025): $4,331 · +1.2% YoY. Source: county tax records.