Updated Duplex with Separate
32 Prospect Street Glens Falls, NY 12801
New
For Sale
$339,000
MULTI_FAMILY - Other - Glens Falls, NY
Property Size2,242 SF
Lot Size0.24 Acres
Price / SF$151.20
Days on Market5
Property Features for 32 Prospect Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 6
Parking
6
Parking features
Driveway
Basement
Unfinished, Interior Entry, Full
Standard status
Active
APN
520500 303.17-14-3
Size
2,242 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
6067
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Slate, Asphalt
Architectural style
Other
Listing Agency:
KW Platform
(518) 724-5800
Listed By:
Thaddeus Jones · License #10301220962
(518) 681-1836
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 10:06PM
MLS# 202622648
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.
Investment Insights
Based on property information with market context.
This updated duplex offers two separate units with private entrances and separate driveways for each unit. The property includes two full baths and six total bedrooms, with improvements completed within the past two years such as updated kitchens and bathrooms, and durable LVP flooring. Exterior features include newer vinyl siding, two storage sheds, and a large backyard.
The first-floor unit is vacant and available for initial showings, with the second-floor unit currently tenant occupied. Separate utilities support independent living arrangements for each unit.
The first-floor unit can be shown first, and a second showing can be scheduled to view the tenant-occupied second-floor unit if desired.
The first-floor unit is vacant and available for initial showings, with the second-floor unit currently tenant occupied. Separate utilities support independent living arrangements for each unit.
The first-floor unit can be shown first, and a second showing can be scheduled to view the tenant-occupied second-floor unit if desired.
Key Highlights
- Updated duplex with 6 bedrooms and 2 full baths
- Improvements in the past 2 years include updated kitchens, updated bathrooms, and durable LVP (vinyl) flooring
- Exterior updates include newer vinyl siding within the past 2 years
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with two full baths per unit features private entrances, separate driveways, and separate utilities.
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: Updated duplex with 6 bedrooms and 2 full baths; Improvements in the past 2 years include updated kitchens, updated bathrooms, and durable LVP (vinyl) flooring; Exterior updates include newer vinyl siding within the past 2 years
