Mixed-Use Retail and
For Sale
$510,000
173-175 Glen Street, Glens Falls, NY 12801
Two residential apartments sit above a street-level storefront in a multi-use building designed for combined rental income.
Property Size5,283 SF
Price / SF$96.54
Days on Market164
Property Features for 173-175 Glen Street
General Information
Standard status
Active
Size
5,283 SF
Property subtype
Commercial
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Lisa Vitiello
(518) 466-9083
Source:
Signatureonerealtygroup
Added: May 27
Changed: Nov 5
Last Checked: Nov 4 at 4:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miranda Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This mixed-use building features a storefront business space on the first floor and two exceptionally spacious apartments above. The residential units are described as offering generous living spaces with private oversized storage area and plenty of natural light.
The property is located on Glen Street in Glens Falls, where the downtown setting is characterized in the remarks as walkable, with nearby restaurants, shops, entertainment venues, and year-round community events.
As configured, the building supports multiple revenue streams through its commercial tenant space and the two separate apartment units.
The property is located on Glen Street in Glens Falls, where the downtown setting is characterized in the remarks as walkable, with nearby restaurants, shops, entertainment venues, and year-round community events.
As configured, the building supports multiple revenue streams through its commercial tenant space and the two separate apartment units.
Key Highlights
- Multi‑use building built in 1900 with a street‑level storefront and two residential apartments above
- Commercial business space on the first floor supports multiple revenue streams
- Two exceptionally spacious apartments with natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,055
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,100
$881.1K
Cap Rate 7%
$629,357
$629.4K
Cap Rate 9%
$489,500
$489.5K
Market Conditions
NOI Build-Up for 5,283 SF
Gross rent
$84.3K $15.96/SF
− Vacancy
−$4.2K −$0.80/SF
EGI
$80.1K $15.16/SF
− OpEx
−$36.0K −$6.82/SF
NOI
$44.1K $8.34/SF
Area
Warren County, NY
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,100
Cap Rate 7%
$629,357
Cap Rate 9%
$489,500
Alternative Uses
Best Use
Retail
$729.1K
$637.9K – $850.6K
NOI $51,034 @ 7.0% cap · market cap 10.01%
Second Best
Multifamily LT 5
$689.8K
$603.6K – $804.8K
NOI $48,287 @ 7.0% cap · market cap 9.47%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,689 @ 7.0% cap · market cap 21.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,246
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
$196,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Glens Falls, NY
Properties on Market for Duplexes in Glens Falls
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential apartments sit above a street-level storefront in a multi-use building designed for combined rental income.
Where is this duplex located?
The property is located at 173-175 Glen Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Multi‑use building built in 1900 with a street‑level storefront and two residential apartments above; Commercial business space on the first floor supports multiple revenue streams; Two exceptionally spacious apartments with natural light
