Updated Duplex with Private
For Sale
$339,000
32 Prospect Street, Glens Falls, NY 12801
Updated duplex offering separate utilities, private entrances, and driveways for each unit.
Property Size2,242 SF
Price / SF$151.20
Days on Market11
Property Features for 32 Prospect Street
General Information
Standard status
Active
Size
2,242 SF
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
KW Platform
Listed By:
Thaddeus Jones
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 23
Changed: Jul 30
Last Checked: Aug 1 at 3:19AM
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 KW Platform
Investment Insights
Based on property information with market context.
This updated duplex provides a practical layout for an owner-occupant or an investor looking for unit separation. The home features 6 bedrooms and 2 full baths, along with improvements completed within the past 2 years including updated kitchens and bathrooms and durable LVP flooring.
Externally, the duplex includes newer vinyl siding within the past 2 years. Each unit has separate utilities, private entrances, and its own driveway, with two storage sheds and a large backyard. Initial showings are for the first-floor unit, which is currently vacant, and a second showing can be scheduled to tour the tenant-occupied second-floor unit.
Built in 1900, the property totals 2,242 SF and is described as conveniently located just minutes from downtown Glens Falls, shopping, dining, schools, and parks.
Externally, the duplex includes newer vinyl siding within the past 2 years. Each unit has separate utilities, private entrances, and its own driveway, with two storage sheds and a large backyard. Initial showings are for the first-floor unit, which is currently vacant, and a second showing can be scheduled to tour the tenant-occupied second-floor unit.
Built in 1900, the property totals 2,242 SF and is described as conveniently located just minutes from downtown Glens Falls, shopping, dining, schools, and parks.
Key Highlights
- 2,242 SF updated duplex built in 1900
- 6 bedrooms and 2 full baths
- Improvements within the past 2 years: updated kitchens, bathrooms, and LVP flooring
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 | $31.5k | $14.04 |
| − Vacancy | −$2.2k | −$0.98 |
| EGI | $29.3k | $13.06 |
| − OpEx | −$8.8k | −$3.92 |
| NOI | $20.5k | $9.14 |
2,242 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.7K
$256.2K – $341.5K
NOI $20,492 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$267.1K
$233.7K – $311.6K
NOI $18,696 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$671.1K
$587.2K – $782.9K
NOI $46,974 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,403
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex offering separate utilities, private entrances, and driveways for each unit.
Where is this duplex located?
The property is located at 32 Prospect Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 2,242 SF updated duplex built in 1900; 6 bedrooms and 2 full baths; Improvements within the past 2 years: updated kitchens, bathrooms, and LVP flooring
