Two-Unit Duplex with
191 Warren St, Glens Falls, NY 12801
For Sale
$295,000
Pending
Separate utilities serve each apartment, and the property is currently vacant.
Property Size1,690 SF
Days on Market52
Property Features for 191 Warren St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Building Details
Year Built
Buildings
Listing Agency:
Howard Hanna Capital Inc
Listed By:
Brian Walters · License NY 30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 8:19AM
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 Howard Hanna Capital Inc
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Investment Insights
Based on property information with market context.
This 1,690-square-foot duplex in Glens Falls, New York, was built in 1920 and contains two apartments: one with four bedrooms and one with three. The property is vacant. Each apartment has its own front and rear entrance with porches, and utilities are separately metered. Newer appliances and utility systems are also noted, along with a sizable off-street parking area.
Key Highlights
- Two apartments: one with 4 bedrooms and one with 3
- 1,690 square feet; built in 1920
- Separate utilities for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,447
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,940
$308.9K
Cap Rate 7%
$220,671
$220.7K
Cap Rate 9%
$171,633
$171.6K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$23.7K $14.04/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$22.1K $13.06/SF
− OpEx
−$6.6K −$3.92/SF
NOI
$15.4K $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%
$308,940
Cap Rate 7%
$220,671
Cap Rate 9%
$171,633
Alternative Uses
Best Use
Multifamily LT 5
$220.7K
$193.1K – $257.5K
NOI $15,447 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$201.3K
$176.2K – $234.9K
NOI $14,093 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$505.8K
$442.6K – $590.2K
NOI $35,409 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
703
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
$196,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Separate utilities serve each apartment, and the property is currently vacant.
Where is this duplex located?
The property is located at 191 Warren St Glens Falls, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two apartments: one with 4 bedrooms and one with 3; 1,690 square feet; built in 1920; Separate utilities for each apartment
