Turn-Key Furnished
162 Ridge Street Glens Falls, NY 12801
New
For Sale
$299,900
MULTI_FAMILY - Other - Glens Falls, NY
Property Size1,958 SF
Lot Size0.14 Acres
Price / SF$153.17
Days on Market2
Property Features for 162 Ridge Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi Residence
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Parking
- 4
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Basement
- Full, Unfinished
- 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
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
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: Jul 24
Last Checked: Jul 24 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This turn-key duplex at 162 Ridge Street offers a straightforward, move-in-ready setup. The property is being offered fully furnished, with that furniture inclusion noted as negotiable, supporting either immediate occupancy or an income-focused approach. The offering is described as being well-maintained and currently positioned for short-term rental use.
The property is located in Glens Falls, New York, within Multi Residence zoning. The listing indicates a 1,958-square-foot structure on a 0.14-acre lot.
Buyers are presented with a flexible configuration through the furnished condition and the home’s demonstrated use as a successful Airbnb, providing an owner-occupant path or a turnkey rental start for small investors.
The property is located in Glens Falls, New York, within Multi Residence zoning. The listing indicates a 1,958-square-foot structure on a 0.14-acre lot.
Buyers are presented with a flexible configuration through the furnished condition and the home’s demonstrated use as a successful Airbnb, providing an owner-occupant path or a turnkey rental start for small investors.
Key Highlights
- Built in 1920 with hardwood flooring throughout
- Heating: forced air (natural gas); cooling: central air
- Public utilities: public water and public sewer
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 | $27.5k | $14.04 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $25.6k | $13.06 |
| − OpEx | −$7.7k | −$3.92 |
| NOI | $17.9k | $9.14 |
1,958 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.7K – $298.3K
NOI $17,896 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$233.3K
$204.1K – $272.1K
NOI $16,328 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$586.1K
$512.8K – $683.7K
NOI $41,024 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully furnished duplex offered for sale with Multi Residence zoning in Glens Falls, NY.
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 $299,900.
What are key features of this property?
This property features: Built in 1920 with hardwood flooring throughout; Heating: forced air (natural gas); cooling: central air; Public utilities: public water and public sewer
