2-Unit Duplex with
New
For Sale
$325,000
58 Gailor Road, Gansevoort, NY 12831
MultiFamily, Gansevoort, NY
Property Size2,200 SF
Lot Size0.45 Acres
Price / SF$147.73
Days on Market5
Property Features for 58 Gailor Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking
4
Parking features
Garage, Driveway
Patio and Porch features
Porch
Interior features
Paddle Fan
Basement
Exterior Entry, Unfinished, Interior Entry, Full
Lot features
Level, Cleared, Corner Lot
High school
Saratoga Springs
Elementary school district
Saratoga Springs
Middle school district
Saratoga Springs
High school district
Saratoga Springs
Directions
From Broadway, head north on Rt 29 and turn left onto Marion Ave. Continue onto US-9 N/Maple Ave, then right on Northern Pines Rd. Stay straight onto Traver Rd, then left on Gailor Rd -- house is immediately on the right.
Standard status
Active
APN
128.5-1-55
Size
2,200 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Annual Amount
1803
Utilities
Sewer type
Septic Tank, Shared Septic
Heating system
Oil, Radiant
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
Roohan Realty
(518) 587-4500
Listed By:
Jaime Williams · License #10401349333
(518) 226-9478
Added: Sep 28
Changed: Sep 29
Last Checked: Oct 2 at 1:06AM
MLS# 202627051
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 2,200-square-foot duplex contains two apartments, each configured with two bedrooms and one full bathroom. Separate utilities serve the units. The first-floor apartment is vacant, while the second-floor apartment is owner-occupied. A two-car garage, driveway, and porch are among the property’s exterior features. The home was built in 1920 and sits on 0.45 acres of level land. Interior finishes include laminate and carpet flooring; heating is oil-fired radiant.
The property is in Gansevoort’s low Wilton tax district, near downtown Saratoga Springs, Wilton Mall, South Glens Falls, and the Northway. Water service is public and shared, and the property uses a shared septic system. Natural gas is available at the street.
The property is in Gansevoort’s low Wilton tax district, near downtown Saratoga Springs, Wilton Mall, South Glens Falls, and the Northway. Water service is public and shared, and the property uses a shared septic system. Natural gas is available at the street.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 2,200 square feet on 0.45 acres of level land
- Separate utilities; first‑floor apartment is vacant and second‑floor apartment is owner‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,211
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,220
$584.2K
Cap Rate 7%
$417,300
$417.3K
Cap Rate 9%
$324,567
$324.6K
Market Conditions
NOI Build-Up for 2,200 SF
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.
Gross rent
$55.4K $25.20/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$53.1K $24.14/SF
− OpEx
−$23.9K −$10.86/SF
NOI
$29.2K $13.28/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$584,220
Cap Rate 7%
$417,300
Cap Rate 9%
$324,567
Alternative Uses
Best Use
Multifamily LT 5
$466.4K
$408.1K – $544.2K
NOI $32,650 @ 7.0% cap · market cap 10.05%
Second Best
Apartment 5plus
$417.3K
$365.1K – $486.9K
NOI $29,211 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$658.5K
$576.2K – $768.2K
NOI $46,094 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 12831, NY
17,483
Population
7,228
Households
2.4
Avg Household Size
43
Median Age
44%
College-Educated
94%
High-School Grad
65.2 sq mi
ZIP Area
268
Density / Sq Mi
$100,833
Median Household Income
$59,278
Median Earnings
$1,361
Median Rent
$308,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two separate apartments have independent utilities, with one currently vacant and the other occupied by the owner.
Where is this duplex located?
The property is located at 58 Gailor Road Gansevoort, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; 2,200 square feet on 0.45 acres of level land; Separate utilities; first‑floor apartment is vacant and second‑floor apartment is owner‑occupied
