16 Montcalm Street, Glens Falls, NY 12801
Updated two-unit duplex offers private front and rear entrances, a detached garage, and a large basement for added utility.
- Added:
- Mar 25, 2026
- Days on Market:
- 78
- Last Refresh:
- Jun 5 at 2:07 am
Property Features for 16 Montcalm Street
General Information
- Standard status
- Active
- Size
- 2,049 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1889
Listing agent Jeffrey D Andre (518) 639-4663
Listing office Berkshire Hathaway HomeServices Blake,REALTORS
Listing date Mar 25, 2026
Source Signatureonerealtygroup
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HighLights
- Updated 2‑unit duplex with private front and rear entrances for each unit
- Detached two‑car garage plus a clear, private backyard
- Large basement for additional space
- Downstairs unit generates $1,400/month income; upstairs unit currently vacant
- Upstairs apartment is currently vacant
- Property pressure washed on 04/30/26
Overview
The layout is supported by a detached two-car garage and a clear, private backyard. Additional space is available in a large basement, which can support storage or other uses depending on tenant and owner needs. The property is centrally located within walking distance to local schools and a playground.
For buyers seeking a live-in arrangement, the vacant upstairs unit can be occupied while maintaining rental income from the downstairs tenant. The downstairs tenant would like to remain in place, which may help provide continuity for a new owner. For investors, the two-unit structure and recent updates offer a practical foundation for managing a stabilized residential income property.
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 | $28.8k | $14.04 |
| − Vacancy | −$2.0k | −$0.98 |
| EGI | $26.8k | $13.06 |
| − OpEx | −$8.0k | −$3.92 |
| NOI | $18.7k | $9.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Glens Falls
- County
- Warren
- State
- New York
- Longitude
- -73.6526088
- Latitude
- 43.3081244
