Two-Family Home in Glens
40 Terra Cotta Avenue Glens Falls, NY 12801
40 Terra Cotta Avenue, Glens Falls, NY, 12801
$275,000
Pending
For Sale
$275,000
Pending
MULTI_FAMILY - Other - Glens Falls, NY
Property Size1,659 SF
Lot Size0.20 Acres
Days on Market49
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 Agency
Field Realty
(518) 495-1877
281 Rt 2, Latham, NY
Listed by
Mary Beth Arnold · License #10401280410
(518) 229-5701
Added: May 29 Checked: Jul 16 at 9:06 pm
MLS# 202618332
Listing URL
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 two-family home is located in Glens Falls, NY. Each of the two apartments features two bedrooms, one bathroom, and washer/dryer hookups. Each unit also includes a large back porch. Tenants are responsible for utilities and garbage disposal. The lower unit is currently vacant to facilitate showings, while the upper unit is occupied by a long-term tenant. The property includes an extra-large parking lot. The property is zoned for multi-residence use. The property is situated in close proximity to the Warren County Bikeway and is one mile from a grocery store, with walking distance to the town. The building has a size of 1659 square feet and is situated on a 0.2-acre lot.
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 |
1,659 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.6K
$189.5K – $252.7K
NOI $15,163 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$197.6K
$172.9K – $230.6K
NOI $13,835 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with tenant-paid utilities and ample parking.
Where is this duplex located?
The property is located at 40 Terra Cotta Avenue Glens Falls, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 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
