Two-Unit Residential Income
19 1st Street Glens Falls, NY 12801
For Sale
$250,000
Two-family home with public remarks indicating rents are below market and within walking distance of Downtown.
Property Size2,308 SF
Price / SF$108.32
Days on Market359
Property Features for 19 1st Street
General Information
- Standard status
- Active
- Size
- 2,308 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1900
Listing Agency:
Ameristar Home Realty LLC
(518) 925-6332
Listed By:
Charles F Cefalu · License #10491212019
(518) 925-6332
Source:
Compass
Added: Jul 31, 2025
Changed: Jul 22
Last Checked: Jul 23 at 10:15AM
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 Ameristar Home Realty LLC
Investment Insights
Based on property information with market context.
This for-sale two-unit residential income property is a two-family home described as being in the heart of Glens Falls. The public remarks note that current rents are below market value.
The property is positioned within walking distance to Downtown, which may be a practical convenience for tenants and residents.
At approximately 2,308 square feet, the home offers an investor-oriented layout as a residential income asset with two separate units.
The property is positioned within walking distance to Downtown, which may be a practical convenience for tenants and residents.
At approximately 2,308 square feet, the home offers an investor-oriented layout as a residential income asset with two separate units.
Key Highlights
- Two‑family home within walking distance to Downtown Glens Falls
- Full basement and attic with hatch
- Slate roof and aluminum siding exterior
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 | $32.4k | $14.04 |
| − Vacancy | −$2.3k | −$0.98 |
| EGI | $30.1k | $13.06 |
| − OpEx | −$9.0k | −$3.92 |
| NOI | $21.1k | $9.14 |
2,308 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.4K
$263.7K – $351.6K
NOI $21,095 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$275.0K
$240.6K – $320.8K
NOI $19,247 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$690.8K
$604.5K – $806.0K
NOI $48,357 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family home with public remarks indicating rents are below market and within walking distance of Downtown.
Where is this duplex located?
The property is located at 19 1st Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑family home within walking distance to Downtown Glens Falls; Full basement and attic with hatch; Slate roof and aluminum siding exterior
