40 Terra Cotta Avenue Glens Falls, NY 12801
MULTI_FAMILY - Other - Glens Falls, NY
- Added:
- May 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 14 at 12:06 am
Property Features for 40 Terra Cotta Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
- Parking
- 6
- Parking features
- Driveway, Off Street
- Window features
- Insulated Windows
- Patio and Porch features
- Porch
- Interior features
- High Speed Internet, Ceramic Tile Bath
- Basement
- Interior Entry, Exterior Entry, Unfinished
- Standard status
- Pending
- APN
- 520500 302.12-7-29
- Size
- 1,659 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5194
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl, Carpet
- Building materials
- Fiber Cement, Vinyl Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Mary Beth Arnold License #10401280410 (518) 229-5701
Listing office Field Realty 281 Rt 2, Latham, NY (518) 495-1877
Listing date May 29, 2026
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.
Key Highlights
- Two‑family home with 4 bedrooms and 2 bathrooms total (Bedroom 1‑4; Bathroom 1‑2)
- Each unit includes a washer/dryer hookup, plus public remarks note tenants handle utilities & garbage
- Big back porch for each unit
Local 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 | $23.3k | $14.04 |
| − Vacancy | −$1.6k | −$0.98 |
| EGI | $21.7k | $13.06 |
| − OpEx | −$6.5k | −$3.92 |
| NOI | $15.2k | $9.14 |
