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    Turnkey 5-Unit Multifamily Property Title is generated by Realmo AI

    148 N Arlington, Gloversville, NY 12078

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    For Sale
    $299,999

    COMMERCIAL - Gloversville, NY

    Property size:
    3,500 SF
    Price / SF:
    $85/SF
    Added:
    Apr 7, 2026
    Days on Market:
    88
    Last Refresh:
    Jul 3 at 7:06 pm

    Property Features for 148 N Arlington

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 4, Bathroom 3
    Standard status
    Active
    Size
    3,500 SF

    Taxes and HOA fees

    Tax Annual Amount
    2670

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Flooring type
    Hardwood
    Roof type
    Asphalt

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    Angela Gonyo

    Listing agent Angela Gonyo

    Listing office WOLF RIVER REAL ESTATE LLC 1425 State St, SCHENECTADY, NY

    Listing date Apr 7, 2026

    MLS# 11688241 Listing URL

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

    HighLights

    • 5‑family investment property in Gloversville built in 1940 with over 3,000 sq ft total
    • Hardwood flooring and updated unit finishes, including fresh paint and updated electrical outlets, switches, and lighting fixtures
    • Each unit is separately metered for gas and electric so tenants pay their own utilities
    • Private entrances plus individual porch or balcony space; also includes front and backyard space
    • Detached 3‑car garage can add additional rental/parking or storage income potential
    • Projected income: $4,750/month (~$57,000/year) with estimated operating expenses ~$6,000/year for ~$51,000 NOI; listed at $299,999 (~17% cap rate)

    Overview

    Turnkey, fully renovated 5-family investment property offering over 3,000 square feet of income-producing living space. Each unit features updated hardwood flooring, fresh paint, and refreshed electrical outlets, switches, and lighting fixtures, along with smoke and carbon monoxide detectors. Tenants also benefit from private entrances and individual outdoor space, with each unit including its own porch or balcony. Additional amenities include front and backyard space, and the layout includes larger bedrooms and spacious living areas. For flexibility, a detached 3-car garage is included and may be used for parking or storage.

    The property is located at 148 N Arlington in Gloversville, New York, on a corner lot. The corner configuration supports natural light and accessibility, with front and outdoor space contributing to usability for residents.

    Designed to reduce day-to-day owner expenses, the building has separate utility metering for gas and electric, allowing tenants to pay their own utilities. The mechanical systems are operational and appliances are in place to support immediate occupancy. The seller-provided projections estimate approximately $4,750 per month in rental income, with operating expenses around $6,000 per year (including taxes, National Grid, and water), resulting in estimated net operating income of about $51,000. This setup may appeal to investors seeking a manageable, update-complete multifamily asset with consistent resident-focused features.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Nursing Home Cafe & Coffee Shop Auto Parts Store Travel Agency Cosmetic Store Tech Support Center Hotel & Motel Carpet & Flooring Store Barber Shop 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
    -74.347993
    Latitude
    43.056226

    FAQs

    What type of property is this?
    Apartment building - Fully renovated five-unit with separate gas and electric metering to help keep expenses straightforward for an owner.
    Where is this apartment building located?
    The property is located at 148 N Arlington Gloversville, NY.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: 5‑family investment property in Gloversville built in 1940 with over 3,000 sq ft total; Hardwood flooring and updated unit finishes, including fresh paint and updated electrical outlets, switches, and lighting fixtures; Each unit is separately metered for gas and electric so tenants pay their own utilities
    More about this property
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