Two-Unit Residential Income
36 Baldwin Avenue Glens Falls, NY 12801
For Sale
$249,000
Pending
Large two-family home with new roof and two rental units with a solid rental history.
Property Size2,099 SF
Days on Market34
Property Features for 36 Baldwin Avenue
General Information
- Standard status
- Pending
- Size
- 2,099 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1910
Listing Agency:
Ameristar Home Realty LLC
(518) 925-6332
Listed By:
Charles F Cefalu · License #10491212019
(518) 925-6332
Source:
Compass
Added: Jun 21
Changed: Jul 21
Last Checked: Jul 23 at 7:26AM
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 Ameristar Home Realty LLC
Investment Insights
Based on property information with market context.
This large two-family residential income property offers two separate rental units within a single building. The home includes updates throughout, including a roof recently installed, supporting long-term maintenance and ownership considerations.
The property is located at 36 Baldwin Avenue in Glens Falls, NY. The seller notes that the two apartment units have a solid rental history, and one unit may be able to vacate to accommodate an owner-occupied buyer.
For buyers evaluating an investor or owner-occupied scenario, the property’s dual-unit setup is designed to generate rental income from both apartments, with the option for an owner occupant depending on unit availability.
The property is located at 36 Baldwin Avenue in Glens Falls, NY. The seller notes that the two apartment units have a solid rental history, and one unit may be able to vacate to accommodate an owner-occupied buyer.
For buyers evaluating an investor or owner-occupied scenario, the property’s dual-unit setup is designed to generate rental income from both apartments, with the option for an owner occupant depending on unit availability.
Key Highlights
- Large 2‑family home (duplex) with two apartment rental units and a solid rental history
- New shingle roof recently installed
- Heating: forced air with natural gas; electric includes 150‑amp service
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 | $29.5k | $14.04 |
| − Vacancy | −$2.1k | −$0.98 |
| EGI | $27.4k | $13.06 |
| − OpEx | −$8.2k | −$3.92 |
| NOI | $19.2k | $9.14 |
2,099 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.1K
$239.8K – $319.8K
NOI $19,185 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$250.1K
$218.8K – $291.7K
NOI $17,504 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$628.3K
$549.7K – $733.0K
NOI $43,978 @ 7.0% cap · market cap 17.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Large two-family home with new roof and two rental units with a solid rental history.
Where is this duplex located?
The property is located at 36 Baldwin Avenue Glens Falls, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Large 2‑family home (duplex) with two apartment rental units and a solid rental history; New shingle roof recently installed; Heating: forced air with natural gas; electric includes 150‑amp service
