Two-Unit Duplex with In-Unit
For Sale
$225,000
21 Union Street, Glens Falls, NY 12801
MultiFamily, Glens Falls, NY
Property Size1,360 SF
Lot Size0.04 Acres
Price / SF$165.44
Days on Market35
Property Features for 21 Union Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking
2
Interior features
Solid Surface Counters, Ceramic Tile Bath
Fencing
Privacy
Basement
Unfinished, Full
High school
Glens Falls
Elementary school district
Glens Falls
Middle school district
Glens Falls
High school district
Glens Falls
Directions
From Broad St, L on South St. Continue onto Bay St. L on Union St. House on L.
Standard status
Active
APN
520500 302.20-12-5
Size
1,360 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2834
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Electric (Heating), Forced Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1920
Number of units
2
Flooring type
Wood, Tile - Ceramic
Building materials
Vinyl Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
Romeo Team Realty
(518) 978-0916
Listed By:
Victoria Romeo · License #10491206585
(518) 788-8865
Added: Sep 21
Changed: Oct 22
Last Checked: Oct 25 at 5:06PM
MLS# 202626554
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 1,360-square-foot duplex contains two apartments: a one-bedroom layout with a living room, kitchen, and in-unit laundry, and a three-bedroom layout with a living room and kitchen. Wood flooring extends through both units, and the property has ceramic tile baths, solid surface counters, vinyl siding, and a slate roof. Built in 1920, the building sits on a 0.04-acre lot and is served by public water and sewer.
Off-street parking is available, and downtown Glens Falls is within walking distance, with shops, restaurants, and other amenities nearby.
Off-street parking is available, and downtown Glens Falls is within walking distance, with shops, restaurants, and other amenities nearby.
Key Highlights
- Two apartments: one‑bedroom and three‑bedroom layouts
- 1,360 square feet on a 0.04‑acre lot
- One‑bedroom apartment includes in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,430
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,600
$248.6K
Cap Rate 7%
$177,571
$177.6K
Cap Rate 9%
$138,111
$138.1K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$19.1K $14.04/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$17.8K $13.06/SF
− OpEx
−$5.3K −$3.92/SF
NOI
$12.4K $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%
$248,600
Cap Rate 7%
$177,571
Cap Rate 9%
$138,111
Alternative Uses
Best Use
Multifamily LT 5
$177.6K
$155.4K – $207.2K
NOI $12,430 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$162.0K
$141.8K – $189.0K
NOI $11,341 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$407.1K
$356.2K – $474.9K
NOI $28,495 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,936
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 - Two apartments offer one- and three-bedroom layouts, with off-street parking and a walkable connection to downtown Glens Falls.
Where is this duplex located?
The property is located at 21 Union Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two apartments: one‑bedroom and three‑bedroom layouts; 1,360 square feet on a 0.04‑acre lot; One‑bedroom apartment includes in‑unit laundry
