Triplex with Wraparound
266 Warren Street, Glens Falls, NY 12801
For Sale
$375,000
Pending
Three-unit residential property with one occupied apartment, two vacant units, and basement laundry facilities.
Property Size2,755 SF
Days on Market54
Property Features for 266 Warren Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
coin-operated laundry
wrap-around front porch
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Premier Homes Elite Realty LLC
Listed By:
Chrystal Chadwick
(518) 289-1042
Source:
Capmarkrealty
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 4:45AM
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 Premier Homes Elite Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this three-unit residential property includes one apartment with an existing tenant and two vacant units available for leasing or owner occupancy. The building combines period character with recently refinished hardwood flooring and a wraparound front porch. A coin-operated laundry area is located in the basement.
The property is situated in Glens Falls near local shops, restaurants, services, and major roadways. Its three-unit configuration offers flexibility for a new owner seeking separate rental apartments or a residence within the building.
The property is situated in Glens Falls near local shops, restaurants, services, and major roadways. Its three-unit configuration offers flexibility for a new owner seeking separate rental apartments or a residence within the building.
Key Highlights
- Three‑unit property built in 1930
- One unit occupied; two units vacant
- Recently refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,181
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,620
$503.6K
Cap Rate 7%
$359,729
$359.7K
Cap Rate 9%
$279,789
$279.8K
Market Conditions
NOI Build-Up for 2,755 SF
Gross rent
$38.7K $14.04/SF
− Vacancy
−$2.7K −$0.98/SF
EGI
$36.0K $13.06/SF
− OpEx
−$10.8K −$3.92/SF
NOI
$25.2K $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%
$503,620
Cap Rate 7%
$359,729
Cap Rate 9%
$279,789
Alternative Uses
Best Use
Multifamily LT 5
$359.7K
$314.8K – $419.7K
NOI $25,181 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$328.2K
$287.2K – $382.9K
NOI $22,974 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$824.6K
$721.5K – $962.1K
NOI $57,723 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
379
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?
Triplex - Three-unit residential property with one occupied apartment, two vacant units, and basement laundry facilities.
Where is this triplex located?
The property is located at 266 Warren Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three‑unit property built in 1930; One unit occupied; two units vacant; Recently refinished hardwood floors
