Ballston Spa Duplex Investment
31-33 Glen Street Ballston Spa, NY 12020
31-33 Glen Street, Ballston Spa, NY, 12020
$425,000
Pending
For Sale
$425,000
Pending
MULTI_FAMILY - Other - Ballston Spa, NY
Property Size2,264 SF
Lot Size0.18 Acres
Days on Market127
Property Features for 31-33 Glen Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Single Residence
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 6
- Parking features
- Off Street, Driveway, Garage
- Exterior features
- Garden
- Fencing
- Fenced
- Basement
- Full
- Standard status
- Pending
- APN
- 414201 203.71-1-30
- Size
- 2,264 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5071
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas, Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing agency
Tesoros Property Mgmt LLC
(518) 225-4703
Listed by
Gloria Herman · License #10491200011
(518) 225-4703
Added: Mar 19 Updated: Jun 8 at 4:38PM Checked: Jul 23 at 4:06AM
MLS# 202613564
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.
Located at 31-33 Glen Street in Ballston Spa, this duplex presents an opportunity for investors or owner-occupants seeking rental income. The property features two units, each with 3 bedrooms and 1.5 bathrooms. The units offer functional layouts with generous living areas and ample natural light. With a total of six bedrooms, the duplex offers income potential and long-term investment value. Situated in the Village of Ballston Spa, the property is conveniently located near local shops, restaurants, parks, and schools. It is also a short drive to Saratoga Springs and major commuting routes. The property size is 2264 square feet and the lot size is 0.18 acres.
Key Highlights
- Duplex at 31‑33 Glen Street with two units, each featuring 3 bedrooms and 1.5 bathrooms
- 6 total bedrooms across the property for flexible living or rental configuration
- Built in 1920 with vinyl siding exterior and vinyl flooring
Local 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 | $50.3k | $22.20 |
| − Vacancy | −$2.3k | −$1.00 |
| EGI | $48.0k | $21.20 |
| − OpEx | −$14.4k | −$6.36 |
| NOI | $33.6k | $14.84 |
2,264 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$480.0K
$420.0K – $560.0K
NOI $33,599 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$429.4K
$375.8K – $501.0K
NOI $30,061 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$677.6K
$592.9K – $790.6K
NOI $47,435 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-located duplex in Ballston Spa with income potential.
Where is this duplex located?
The property is located at 31-33 Glen Street Ballston Spa, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex at 31‑33 Glen Street with two units, each featuring 3 bedrooms and 1.5 bathrooms; 6 total bedrooms across the property for flexible living or rental configuration; Built in 1920 with vinyl siding exterior and vinyl flooring
