22-24 Campbell Ave · Castleton-on-Hudson, NY 12033

$359,990

8 bd · 2.4 ba · 3,648 sqft · MultiFamily · 11 Days on market

Built 1922 0.39 ac lot $99/sqft · 53% below area

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Why this score? — see what drove the C+ 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 +26.9/30.0
• DSCR +9.3/10.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Schools +5.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

An amazing Duplex kept in mint condition by the owner. House has new furnace, new water heater and new roof in the last 5 years. Inside is painted regularly with vinyl floors throughout. Updated appliances in kitchens with cherry cabinets. New refrigerator and gas stove in unit 24 Bathrooms have updated sink, tubs, and floors. Each side has their own driveway and garage with lots of open space behind the house. Basement is separated into 2 sides for storage. Each unit has their own washer and dryer on the 1st floor. Unit 22 has a new dryer. Home is across from Castleton Elementary School with playground for young children. Home is in the award winning Schodack Central School District. Close to Albany, I-90, 9J , Rensselaer and Troy.

Key facts

• Updated appliances
• New furnace
• Cherry cabinets

Tags

• NEW FURNACE
• NEW WATER HEATER
• NEW ROOF
• VINYL FLOORS
• UPDATED APPLIANCES
• CHERRY CABINETS

What this means for you Summary

Snapshot

• This is a 2 × 4-bed/1.2-bath units multifamily listed at $360k.

Deal economics

• At list price, monthly cash flow is $997 ($12k/yr) — positive. Per door: $498/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $360k).
• Cap rate 9.6% vs local median 3.5% in Castleton-on-Hudson — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Schodack Central School District (rural): math 59% / reading 60% proficiency, ranked #216 of 590 in NY (top 37%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 13% free/reduced lunch — higher-income household profile.
• Market conditions: 59 active listings in the ZIP; 405 units permitted in Rensselaer County in 2024 (224 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Rensselaer County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $101k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $65k; list at $360k implies a 453% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $359,990

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.87%
• DSCR: 1.53
• GRM: 6.8

CMA / ARV

• ARV (median comp): $770,512
• List price: $359,990
• Delta: -53.28%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 1.4%
• Equity multiple: 1.05×
• Total profit: $5,225
• Equity at exit: $53,676

10-year hold

• IRR: 11.0%
• Equity multiple: 1.86×
• Total profit: $86,576
• Equity at exit: $31,125

Cash invested: $100,797 (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 12033

• Home prices YoY: -17.4%
• Active inventory: 59
• Price-to-rent: 13.6×

Monthly cashflow live

• Estimated rent: $4,411 medium
• Mortgage (P&I): −$1,888
• Tax est. 1.5%: −$450 /mo · $5,400/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$926
• Net cashflow: $997

Break-even live

Break-even rent $3,149

Max offer price $359,990

Occupancy floor 72%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	4	1.2	$4,410
Total (2 units)			$4,411

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: $89,998
• Closing costs: $10,800
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-05-02
   status Pending 745-char remark

   Show marketing remark (745 chars)

   An amazing Duplex kept in mint condition by the owner. House has new furnace, new water heater and new roof in the last 5 years. Inside is painted regularly with vinyl floors throughout. Updated appliances in kitchens with cherry cabinets. New refrigerator and gas stove in unit 24 Bathrooms have updated sink, tubs, and floors. Each side has their own driveway and garage with lots of open space behind the house. Basement is separated into 2 sides for storage. Each unit has their own washer and dryer on the 1st floor. Unit 22 has a new dryer. Home is across from Castleton Elementary School with playground for young children. Home is in the award winning Schodack Central School District. Close to Albany, I-90, 9J , Rensselaer and Troy.

2. 2026-04-19
   listed $359,990 Active 745-char remark

   Show marketing remark (745 chars)

   An amazing Duplex kept in mint condition by the owner. House has new furnace, new water heater and new roof in the last 5 years. Inside is painted regularly with vinyl floors throughout. Updated appliances in kitchens with cherry cabinets. New refrigerator and gas stove in unit 24 Bathrooms have updated sink, tubs, and floors. Each side has their own driveway and garage with lots of open space behind the house. Basement is separated into 2 sides for storage. Each unit has their own washer and dryer on the 1st floor. Unit 22 has a new dryer. Home is across from Castleton Elementary School with playground for young children. Home is in the award winning Schodack Central School District. Close to Albany, I-90, 9J , Rensselaer and Troy.

3. 2018-08-29
   soldstatus $65,100 Closed (Final Sale) 354-char remark

   Show marketing remark (354 chars)

   This 2 family home is located right across the street from Castleton Elementary School. In need of some TLC but this home is priced to sell. Unit 1 offers 2 bedroom and 1 bath and unit 2 has 4 bedroom and 1 bath. If you are looking to invest or live rent free this is the perfect home for you. This is a bank owned property and sold as-is. Fair Condition

4. 2018-08-03
   status Pend (Under Cntr) 354-char remark

   Show marketing remark (354 chars)

   This 2 family home is located right across the street from Castleton Elementary School. In need of some TLC but this home is priced to sell. Unit 1 offers 2 bedroom and 1 bath and unit 2 has 4 bedroom and 1 bath. If you are looking to invest or live rent free this is the perfect home for you. This is a bank owned property and sold as-is. Fair Condition

5. 2018-07-23
   listed $34,900 New 354-char remark

   Show marketing remark (354 chars)

   This 2 family home is located right across the street from Castleton Elementary School. In need of some TLC but this home is priced to sell. Unit 1 offers 2 bedroom and 1 bath and unit 2 has 4 bedroom and 1 bath. If you are looking to invest or live rent free this is the perfect home for you. This is a bank owned property and sold as-is. Fair Condition

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% 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: $52,932
• − Mortgage interest: −$20,165
• − Property taxes: −$5,400
• − Insurance: −$1,800
• − Repairs & maintenance: −$4,235
• − Management: −$4,235
• − Depreciation: −$10,472
• Taxable income: $6,626
• Est. tax owed @ 24.0%: −$1,590
• After-tax cash flow: $10,372/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: Schodack Central School District
• NCES district ID: 3626070
• Math proficiency: 59% ▼ -7.00%
• Reading proficiency: 60% ▲ 7.00%
• Median HH income: $73,695
• Composite: 52.93/100
• National rank: #1530
• State rank: #216 of 590 in NY

Livability — Castleton-on-Hudson

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Castleton-on-Hudson, NY
• Population (ZIP): 7,772

Population outlook (Rensselaer County) Hauer SSP2

• Today (2025): 162,400 people
• By 2030: 161,746 · -0.4%
• By 2040: 158,095 · -2.7%
• By 2050: 152,966 · -5.8%
• By 2075: 140,767 · -13.3%
• By 2100: 124,727 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 5% Black 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Dominican 2%
• Common ancestry: Iranian 8% Romanian 7% Lithuanian 5%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 7% German/W. Germanic 1%

Political lean MEDSL · Rensselaer

• 2024 margin: Toss-up / Even · D 50.7% · R 49.3%
• 2008→2024 swing: -8.0pp toward R · 2008: 9.3pp · 2024: 1.4pp
• All cycles: 2024: D+1.4 2020: D+5.6 2016: R+2.9 2012: D+11.8 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.57%
• Current HPI: 306.386
• 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

+931.5% since first listed

5 events — show timeline

• 2026-05-02 Pending — Global MLS
• 2026-04-19 Listed $359,990 Global MLS
• 2018-08-29 Sold (MLS) $65,100 Global MLS
• 2018-08-03 Pending — Global MLS
• 2018-07-23 Listed $34,900 Global MLS