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Turnkey Investment Property in Gloversville

148 North Arlington, Gloversville, NY 12078

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For Sale

$299,999

Multi-Unit (5+) - Gloversville, NY

Property size:

3,500 SF

Price / SF:

$85/SF

HighLights

High Cap Rate (approximately 17%) indicating a high‑yield investment opportunity.
Strong, immediate cash flow potential with an estimated $51,000 net operating income annually.
Separately metered gas and electric for each unit, allowing tenants to pay their own utilities.
Turnkey, fully renovated 5‑family property requiring minimal ongoing expenses.
Additional income potential from the detached 3‑car garage.
Private entrances and individual porch/balcony space for each unit.

We can help!

Listing Contact

Angela Gonyo

For Sale

$299,999

Multi-Unit (5+) - Gloversville, NY

Property size:

3,500 SF

Price / SF:

$85/SF

Added:: Apr 7, 2026
Days on Market:: 69
Last Refresh:: Jun 14 at 2:06 pm

Property Features for 148 North Arlington

General Information

Property type: Residential Multi Family
Property subtype: Other
Bathrooms: 5
Rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
Parking features: Garage, Garage - Detached
Interior features: Corner Unit
Exterior features: Corner Unit
Basement Y/N: 1
Standard status: Active
Size: 3,500 SF

Taxes and HOA fees

Tax Annual Amount: 2670

Utilities

Heating system: Forced Air, Natural Gas

Building Details

Year built: 1940
Year renovated: 1940
Floors in Building: 2
Flooring type: Hardwood
Roof type: Asphalt
Architectural style: Other

We can help!

Listing Contact

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

HighLights

High Cap Rate (approximately 17%) indicating a high‑yield investment opportunity.
Strong, immediate cash flow potential with an estimated $51,000 net operating income annually.
Separately metered gas and electric for each unit, allowing tenants to pay their own utilities.
Turnkey, fully renovated 5‑family property requiring minimal ongoing expenses.
Additional income potential from the detached 3‑car garage.
Private entrances and individual porch/balcony space for each unit.

Overview

Located in Gloversville, this turnkey, fully renovated 5-family investment property offers over 3,000 square feet. Each unit has been updated with hardwood flooring, fresh paint, updated electrical outlets, switches, lighting fixtures, and smoke and carbon monoxide detectors. Each unit is separately metered for gas and electric, allowing tenants to pay their own utilities. All units feature private entrances along with individual porch or balcony space. The property also offers front and backyard space. The layout includes large bedrooms and spacious living areas. Situated on a corner lot, the property benefits from visibility, natural light, and accessibility. Additional income potential is provided by the detached 3-car garage, which can be rented for parking or storage. Projected rental income is approximately $4,750 per month, or $57,000 annually. With operating expenses around $6,000 per year, including taxes, National Grid, and water, the property generates an estimated $51,000 net operating income. The property size is 3500 Square Feet and the lot size is 0 acres. All mechanical systems are operational, and appliances are in place, allowing for immediate tenant placement and income generation. This property is well-suited for buy-and-hold investors, BRRRR strategy, portfolio expansion, or those seeking passive income.

Property Profile Location Intelligence

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Apartment buildings

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Location Insight

Map
Local Demand

City: Gloversville
County: Fulton
State: New York
Longitude: -74.347993
Latitude: 43.056226

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For sale
Apartment buildings
NY
Gloversville
12078
148 North Arlington

What type of property is this?

Apartment building - Fully renovated 5-unit property with strong cash flow potential.

Where is this apartment building located?

The property is located at 148 North 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: High Cap Rate (approximately 17%) indicating a high‑yield investment opportunity.; Strong, immediate cash flow potential with an estimated $51,000 net operating income annually.; Separately metered gas and electric for each unit, allowing tenants to pay their own utilities.

148 North Arlington, Gloversville, NY 12078

Multi-Unit (5+) - Gloversville, NY

Property Features for 148 North Arlington

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Historic Gloversville Building with Grant

Turn-Key Auto Body Shop

Turnkey Auto Body Shop

Three-Family Residential Income Property

Two-Unit Duplex with Separate Utilities

Gloversville Two-Family Home with Upgrades

Gloversville Commercial Building For Sale

Four-Unit Multifamily Investment Opportunity

Six-Unit Multifamily Investment Opportunity

Renovated Garage/Office in Gloversville

Two-Family Residential Income Property

Multifamily Property in Gloversville, NY

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