Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 E 11Th Ave Gloversville, NY 12078

    Sponsored
    For Sale
    Under Contract
    $68,500

    MULTI_FAMILY - Gloversville, NY

    Property size:
    1,428 SF
    Lot size:
    0.36 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 22 at 4:06 pm

    Property Features for 16 E 11Th Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    Multi Residence
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 4
    Bedrooms
    6
    Bathrooms
    2
    APN
    170500 134.11-10-9
    Parking
    6
    Parking features
    Off Street, Driveway
    Interior features
    Paddle Fan, Built-in Features
    Basement
    Full
    Size
    1,428 SF
    Lot size
    0.36 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1896
    Number of units
    2
    Flooring type
    Carpet, Linoleum
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Amanda Caldwell

    KW Platform (518) 724-5800 [email protected]

    Listing agent Amanda Caldwell (518) 921-5553 License #10401380164

    Listing date Jan 19, 2026

    MLS# 202529784 Listing URL

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Gloversville Multifamily Investment Opportunity

    This two-unit multifamily property in Gloversville, NY, presents an opportunity for investors or future owner-occupants. The property, situated on a 0.36-acre lot, offers potential for building a rental portfolio or renovation for resale. With 1,428 square feet of space, the property includes spacious bedrooms and upside potential. Its location provides convenient access to local establishments such as Harold's Restaurant & Lounge and Parkhurst Field, as well as shopping, schools, and other conveniences, supporting strong rental demand. The property's zoning is Multi Residence. The property offers the flexibility to update and increase value, create long-term rental income, or occupy one unit while the other helps cover expenses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gloversville
    County
    Fulton
    State
    New York
    Longitude
    -74.339081
    Latitude
    43.063549

    Nearby Similar for Sale

    • New
      $155,000
      2,752 SF

      Gloversville Multifamily Investment Opportunity

      Multifamily property with long-term tenants and off-street parking.
      92-94 Washington St, Gloversville, NY 12078
      View Details
    • $157,900
      2,088 SF

      Gloversville Duplex with Income Potential

      Charming duplex in Gloversville with income potential and recent upgrades.
      7 Smith St, Gloversville, NY 12078
      View Details
    • New
      $125,000
      2,078 SF

      Gloversville Multifamily Investment Opportunity

      Multifamily property in Gloversville, NY, with long-term tenants.
      67 6Th Ave, Gloversville, NY 12078
      View Details
    • $169,000
      2,340 SF

      Updated Two-Family Home, Income Potential

      Well-maintained, updated two-family home with immediate rental income.
      18 W 8Th Ave, Gloversville, NY 12078
      View Details
    • $195,300
      2,064 SF

      Turnkey Two-Family Home

      Two-family home in Gloversville, NY, generating $2,190/month.
      6 Meadow St, Gloversville, NY 12078
      View Details
    • $495,000
      816 SF

      Gloversville Warehouse with Auto Shops

      13,000+ Sq. Ft. warehouse with auto mechanic shop.
      275 S Main St, Gloversville, NY 12078
      View Details
    • New
      $158,500
      Pending

      Gloversville Three-Family Investment Opportunity

      Well-maintained three-family property with income potential in Gloversville, NY.
      67 W 8Th Ave, Gloversville, NY 12078
      View Details
    • $175,000
      1,320 SF

      Gloversville Mixed-Use Investment Opportunity

      Mixed-use property with renovated apartments and commercial space.
      25 S Main St, Gloversville, NY 12078
      View Details
    • $224,900
      3,428 SF

      Income-Producing Four-Unit Multifamily Property

      Four units, one bedroom, one bath, detached two-car garage.
      10 2Nd Ave, Gloversville, NY 12078
      View Details
    • New
      $124,999
      Pending

      Well-Maintained Two-Family Property

      Two-unit property with strong income potential in Gloversville, NY.
      70 6Th Ave, Gloversville, NY 12078
      View Details
    • $149,900
      2,345 SF

      Mixed-Use Property in Gloversville, NY

      Well-maintained mixed-use property with commercial space and residential unit.
      226 East Fulton St, Gloversville, NY 12078
      View Details
    • $275,000
      8,295 SF

      Gloversville Commercial Building For Sale

      Commercial building in Gloversville, NY with long-term tenant.
      35-37 N Main St, Gloversville, NY 12078
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property ideal for investors or owner-occupants in Gloversville, NY.
    Where is this duplex located?
    The property is located at 16 E 11Th Ave Gloversville, NY.
    What is the asking price?
    The asking price for this property is $68,500.
    What are key features of this property?
    This property features: - Ideal investment opportunity with strong rental demand due to its convenient location near amenities.; - Two-unit property provides flexibility for rental income or owner-occupancy.; - Large lot and spacious bedrooms offer potential for renovation and increased value.
    (518) 921-5553
    Request Owner's contact information
    16 E 11Th Ave Gloversville, NY 12078
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 E 11Th Ave
    Gloversville, NY 12078
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 E 11Th Ave Gloversville, NY 12078
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Amanda Caldwell
    Real Estate License ID: 10401380164
    (518) 921-5553
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.