Turn-Key Furnished
For Sale
$299,900
162 Ridge Street, Glens Falls, NY 12801
MULTI_FAMILY - Other - Glens Falls, NY
Property Size1,958 SF
Lot Size0.14 Acres
Price / SF$153.17
Days on Market9
Property Features for 162 Ridge Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking
4
Parking features
Off Street
Patio and Porch features
Porch
Basement
Full, Unfinished
Lot features
Level, Landscaped
High school
Glens Falls
Elementary school district
Glens Falls
Middle school district
Glens Falls
High school district
Glens Falls
Directions
Start in Downtown Glens Falls near Centennial Circle. Head south on Glen Street (US-9). Continue straight for approximately 0.5 miles. Turn right onto Ridge Street. Continue on Ridge Street for about 0.3 miles. 162 Ridge St will be on your right.
Standard status
Active
APN
520500 302.20-11-11
Size
1,958 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4916
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Building materials
Asbestos
Roof type
Slate
Architectural style
Other
Listing Agency:
Revision Real Estate
(518) 438-2221
Listed By:
Jerome P Newkirk · License #10371200504
(518) 229-0366
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 31 at 5:06AM
MLS# 202622508
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.
Investment Insights
Based on property information with market context.
This turn-key duplex at 162 Ridge Street offers a straightforward, move-in-ready setup. The property is being offered fully furnished, with that furniture inclusion noted as negotiable, supporting either immediate occupancy or an income-focused approach. The offering is described as being well-maintained and currently positioned for short-term rental use.
The property is located in Glens Falls, New York, within Multi Residence zoning. The listing indicates a 1,958-square-foot structure on a 0.14-acre lot.
Buyers are presented with a flexible configuration through the furnished condition and the home’s demonstrated use as a successful Airbnb, providing an owner-occupant path or a turnkey rental start for small investors.
The property is located in Glens Falls, New York, within Multi Residence zoning. The listing indicates a 1,958-square-foot structure on a 0.14-acre lot.
Buyers are presented with a flexible configuration through the furnished condition and the home’s demonstrated use as a successful Airbnb, providing an owner-occupant path or a turnkey rental start for small investors.
Key Highlights
- Built in 1920 with hardwood flooring throughout
- Heating: forced air (natural gas); cooling: central air
- Public utilities: public water and public sewer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $14.04 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $25.6k | $13.06 |
| − OpEx | −$7.7k | −$3.92 |
| NOI | $17.9k | $9.14 |
1,958 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.7K – $298.3K
NOI $17,896 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$233.3K
$204.1K – $272.1K
NOI $16,328 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$586.1K
$512.8K – $683.7K
NOI $41,024 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 12801, NY
14,850
Population
7,287
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
90%
High-School Grad
3.8 sq mi
ZIP Area
3,908
Density / Sq Mi
$70,019
Median Household Income
$46,700
Median Earnings
$1,050
Median Rent
$196,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully furnished duplex offered for sale with Multi Residence zoning in Glens Falls, NY.
Where is this duplex located?
The property is located at 162 Ridge Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Built in 1920 with hardwood flooring throughout; Heating: forced air (natural gas); cooling: central air; Public utilities: public water and public sewer
