Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gloversville Two-Unit Home Title is generated by Realmo AI

    25 Steele Avenue, Gloversville, NY 12078

    View on Map
    Claim this Listing
    For Sale
    $119,900

    MULTI_FAMILY - Other - Gloversville, NY

    Property size:
    1,915 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $62/SF
    Added:
    Apr 21, 2026
    Days on Market:
    27
    Last Refresh:
    May 17 at 2:06 pm

    Property Features for 25 Steele Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
    Parking
    2
    Parking features
    Driveway
    Patio and Porch features
    Porch
    Interior features
    High Speed Internet
    Basement
    Unfinished, Exterior Entry
    Standard status
    Active
    APN
    170500 149.10-8-10
    Size
    1,915 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2870

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1915
    Number of units
    2
    Flooring type
    Carpet, Hardwood, Laminate
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey Kelleher
    Jeffrey Kelleher

    Listing agent Jeffrey Kelleher License #10491208888

    Listing office Kelleher Realty 351 Rugg Rd, schuylerville, NY

    Listing date Apr 21, 2026

    MLS# 202615463 Listing URL

    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.

    HighLights

    • Two‑unit home with separate utilities, ideal for rental income or owner‑occupancy.
    • Vacant bottom unit allows for immediate occupancy or tenant placement.
    • Motivated seller willing to assist with closing costs.
    • Durable vinyl siding exterior.
    • Features a porch.
    • Variety of flooring types: Carpet, Hardwood, and Laminate.

    Overview

    This two-unit home is located in Gloversville. The property includes an up-and-down unit setup with separate utilities for each. The property size is 1915 square feet and the lot size is 0.2 acres. The top unit is currently rented, while the bottom unit is vacant. The property is intended for multi-family or residential income use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gloversville
    County
    Fulton
    State
    New York
    Longitude
    -74.341101
    Latitude
    43.045602

    Nearby Similar for Sale

    • $349,999
      10,292 SF

      Historic Gloversville Building with Grant

      Multi-building property with secured grant in downtown Gloversville.
      12-24 North Main St, Gloversville, NY 12078
      View Details
    • $199,900
      1,200 SF

      Turn-Key Auto Body Shop

      Auto body shop with additional lot for extra parking.
      267 S Main Street, Gloversville, NY 12078
      View Details
    • $295,000
      4,742 SF

      Turnkey Auto Body Shop

      Equipped auto body shop for sale in Gloversville, NY.
      275 1/2 S Main Street, Gloversville, NY 12078
      View Details
    • $220,000
      3,248 SF

      Gloversville Three-Family Investment Opportunity

      Three-family property near amenities with a vacant three-bedroom apartment.
      34 3rd Avenue, Gloversville, NY 12078
      View Details
    • $159,900

      Renovated Garage/Office in Gloversville

      Renovated commercial building suitable for garage or office use.
      85 E Fulton Street, Gloversville, NY 12078
      View Details
    • $225,000
      8,295 SF

      Gloversville Commercial Building For Sale

      Commercial building in Gloversville, NY with long-term tenant.
      35-37 N Main Street, Gloversville, NY 12078
      View Details
    • $239,900
      3,064 SF

      Four-Unit Multifamily Investment Opportunity

      Two multi-family homes on one parcel in Gloversville, NY.
      68 E Pine Street, Gloversville, NY 12078
      View Details
    • $299,999
      3,500 SF

      Turnkey Investment Property in Gloversville

      Fully renovated 5-unit property with strong cash flow potential.
      148 North Arlington, Gloversville, NY 12078
      View Details
    • $164,999
      1,816 SF

      Updated Two-Family Home in Gloversville

      Turn-key, updated two-family home ideal for investors or owner-occupants.
      22 Eagle Street, Gloversville, NY 12078
      View Details
    • $224,999
      2,184 SF

      Multifamily Property in Gloversville, NY

      Multifamily property with two buildings on one lot in Gloversville.
      22 Lexington Avenue, Gloversville, NY 12078
      View Details
    • $199,900
      2,440 SF

      Two-Family Home, Long-Term Tenants

      Two-family home with long-term tenants near shopping and transportation.
      50 Montgomery Street, Gloversville, NY 12078
      View Details
    • $249,000

      Mixed-Use Property in Gloversville, NY

      Mixed-use property with development potential in Gloversville, NY.
      95 E Fulton St, Gloversville, NY 12078
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit home in Gloversville with separate utilities.
    Where is this duplex located?
    The property is located at 25 Steele Avenue Gloversville, NY.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: Two‑unit home with separate utilities, ideal for rental income or owner‑occupancy.; Vacant bottom unit allows for immediate occupancy or tenant placement.; Motivated seller willing to assist with closing costs.
    (518) 368-0471
    We can help!
    Listing Contact
    Jeffrey Kelleher
    Jeffrey Kelleher
    Real Estate License ID: 10491208888
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    25 Steele Avenue, Gloversville, NY 12078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!