Two-Unit Duplex with Hardwood
For Sale
$289,900
162 Ridge Street, Glens Falls, NY 12801
MultiFamily, Glens Falls, NY
Property Size1,958 SF
Lot Size0.14 Acres
Price / SF$148.06
Days on Market95
Property Features for 162 Ridge Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2
Parking
4
Parking features
Off Street
Patio and Porch features
Porch
Basement
Full, Unfinished
Lot features
Level, Landscaped
High school
Glens Falls
Elementary school district
Glens Falls
Middle school district
Glens Falls
High school district
Glens Falls
Directions
Start in Downtown Glens Falls near Centennial Circle. Head south on Glen Street (US-9). Continue straight for approximately 0.5 miles. Turn right onto Ridge Street. Continue on Ridge Street for about 0.3 miles. 162 Ridge St will be on your right.
Standard status
Active
APN
520500 302.20-11-11
Size
1,958 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4916
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
banister staircase
central air
porch
backyard
full unfinished basement
washer-dryer hookup
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Building materials
Asbestos
Roof type
Slate
Architectural style
Other
Listing Agency:
Revision Real Estate
(518) 438-2221
Listed By:
Jerome P Newkirk · License #10371200504
(518) 229-0366
Added: Jul 23
Changed: Oct 2
Last Checked: Oct 25 at 6:06PM
MLS# 202622508
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex in Glens Falls contains four bedrooms and two full bathrooms across 1,958 square feet. Hardwood flooring and a banister staircase are among its interior features. The lower apartment has central air, while the full basement is unfinished and has a washer-dryer hookup. A porch, small backyard, attached garage, and off-street parking round out the property. Built in 1920, the home sits on a 0.14-acre lot and is zoned Multi Residence.
Downtown Glens Falls is a short distance away, with restaurants, shops, theaters, and year-round events. The property also has a history of use as an Airbnb, and the Lake George region is within a short drive.
Downtown Glens Falls is a short distance away, with restaurants, shops, theaters, and year-round events. The property also has a history of use as an Airbnb, and the Lake George region is within a short drive.
Key Highlights
- Two‑unit property with 4 bedrooms and 2 full bathrooms
- 1,958 square feet on a 0.14‑acre lot
- Zoned Multi Residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,896
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,920
$357.9K
Cap Rate 7%
$255,657
$255.7K
Cap Rate 9%
$198,844
$198.8K
Market Conditions
NOI Build-Up for 1,958 SF
Gross rent
$27.5K $14.04/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$25.6K $13.06/SF
− OpEx
−$7.7K −$3.92/SF
NOI
$17.9K $9.14/SF
Area
Warren County, NY
Vacancy
7.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,920
Cap Rate 7%
$255,657
Cap Rate 9%
$198,844
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.7K – $298.3K
NOI $17,896 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$233.3K
$204.1K – $272.1K
NOI $16,328 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$586.1K
$512.8K – $683.7K
NOI $41,024 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 12801, NY
14,850
Population
7,287
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
90%
High-School Grad
3.8 sq mi
ZIP Area
3,908
Density / Sq Mi
$70,019
Median Household Income
$46,700
Median Earnings
$1,050
Median Rent
$196,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes a separate apartment, an unfinished basement, and off-street parking in Glens Falls.
Where is this duplex located?
The property is located at 162 Ridge Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑unit property with 4 bedrooms and 2 full bathrooms; 1,958 square feet on a 0.14‑acre lot; Zoned Multi Residence
