Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    34 3Rd Ave Gloversville, NY 12078

    View on Map
    Sponsored
    For Sale
    $220,000

    MULTI_FAMILY - Other - Gloversville, NY

    Property size:
    3,248 SF
    Lot size:
    0.20 Acres
    Days on Market:
    0
    Last Refresh:
    Mar 10 at 11:06 pm

    Property Features for 34 3Rd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 7, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 1, Bathroom 2
    Bedrooms
    7
    Bathrooms
    3
    APN
    170500 134.19-7-4
    Parking
    5
    Parking features
    Garage, Driveway, Off Street, Open
    Basement
    Full
    Size
    3,248 SF
    Lot size
    0.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Clapboard
    Architectural style
    Other

    We can help!

    Listing Contact
    Burhan Helou

    Helou International Realty Corp (518) 844-2447

    Listing agent Burhan Helou License #10311202641

    Listing date Mar 11, 2026

    MLS# 202613091 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 Three-Family Investment Opportunity

    This three-family property presents an investment opportunity, situated in close proximity to shopping, dining, schools, and transportation options. The property includes a vacant 3-bedroom apartment, suitable for immediate occupancy or rental income, along with two additional rented apartments. Recent improvements to the property feature newer windows and updated plumbing, as well as other upgrades. The lot size is 0.2 acres and the property size is 3248 square feet. Located in Gloversville, Fulton County, New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloversville
    County
    Fulton
    State
    New York
    Longitude
    -74.339877
    Latitude
    43.055635

    Nearby Similar for Sale

    • $250,000
      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
    • New
      $159,900

      Renovated Garage/Office in Gloversville

      Renovated commercial building suitable for garage or office complex.
      85 E Fulton 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
    • $134,999
      Pending

      Gloversville Two-Family Investment Opportunity

      Two-unit property with income potential near shopping and amenities.
      30 2Nd Ave, Gloversville, NY 12078
      View Details
    • $139,000
      Pending

      Gloversville Multifamily Investment Opportunity

      Multifamily property with long-term tenants and off-street parking.
      92-94 Washington St, Gloversville, NY 12078
      View Details
    • $249,900
      3,064 SF

      Four-Unit Multifamily Investment Opportunity

      Two multi-family homes on one parcel in Gloversville, NY.
      68 E Pine St, Gloversville, NY 12078
      View Details
    • New
      $249,000
      2,503 SF

      Gloversville Commercial Building with Development Potential

      Mixed-use building with storefronts and apartment development potential.
      95 E Fulton St, Gloversville, NY 12078
      View Details
    • New
      $195,300
      Pending

      Turnkey Two-Family Home

      Two-family home in Gloversville, NY, generating $2,190/month.
      6 Meadow St, Gloversville, NY 12078
      View Details
    • $224,999
      2,184 SF

      Multifamily Property in Gloversville, NY

      Multifamily property with two buildings on one lot in Gloversville.
      22 Lexington Ave, Gloversville, NY 12078
      View Details
    • $169,900
      2,340 SF

      Updated Two-Family Home, Income Potential

      Well-maintained two-family home with modern updates and strong income potential.
      18 W 8Th Ave, Gloversville, NY 12078
      View Details
    • $68,500
      1,428 SF

      Gloversville Multifamily Investment Opportunity

      Two-unit property ideal for investors or owner-occupants in Gloversville, NY.
      16 E 11Th Ave, 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

    FAQs

    What type of property is this?
    Triplex - Three-family property near amenities with a vacant 3-bedroom apartment.
    Where is this triplex located?
    The property is located at 34 3Rd Ave Gloversville, NY.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Convenient location near shopping, dining, schools, and transportation.; - Vacant 3-bedroom apartment available for immediate occupancy or rental income.; - Excellent investment opportunity for investors or owner-occupants.
    (518) 844-2447
    Request Owner's contact information
    34 3Rd 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.
    34 3Rd 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
    34 3Rd 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
    Burhan Helou
    Real Estate License ID: 10311202641
    (518) 844-2447
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!