Two-Home Residential Income
60 Wilson Avenue South Glens Falls, NY 12803
60 Wilson Avenue, South Glens Falls, NY, 12803
$104,000
For Sale
$104,000
For sale single lot with two separate residences, both cleaned out and largely gutted, plus yard and an oversized shed.
Property Size855 SF
Price / SF$121.64
Days on Market152
Property Features for 60 Wilson Avenue
General Information
- Standard status
- Active
- Size
- 855 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Howard Hanna
Listed by
Lisa C Ostrander
(518) 639-4663
Source
Signatureonerealtygroup
Added: Feb 20 Updated: Jul 21 at 11:01AM Checked: Jul 22 at 7:34AM
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 Howard Hanna
Investment Insights
Based on property information with market context.
This for-sale residential income property includes two homes on one lot, each presented as a renovation opportunity. The main house is a two-story structure positioned toward the rear of the property with three bedrooms upstairs, and a first-floor layout that includes a living room, dining room, kitchen, and a full bathroom. The second home is a smaller ranch structure with an open living space, a kitchenette, and a bathroom.
The property has been fully cleaned out and largely gutted, offering a blank slate for restoration. Additional site features include a large yard and an oversized shed, providing extra outdoor space and storage for whichever layout is ultimately completed.
With two separate dwellings already on the lot, the site supports multiple finished configurations once renovations are completed.
The property has been fully cleaned out and largely gutted, offering a blank slate for restoration. Additional site features include a large yard and an oversized shed, providing extra outdoor space and storage for whichever layout is ultimately completed.
With two separate dwellings already on the lot, the site supports multiple finished configurations once renovations are completed.
Key Highlights
- Single lot with two separate residences: a 2‑story main house and a smaller ranch structure
- Main house layout: 3 bedrooms upstairs, plus living room, dining room, kitchen, and 1 full bath on the first floor
- Second home features an open living space, kitchenette, and bathroom (guest house, rental, or studio potential)
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 | $12.0k | $14.04 |
| − Vacancy | −$840 | −$0.98 |
| EGI | $11.2k | $13.06 |
| − OpEx | −$3.3k | −$3.92 |
| NOI | $7.8k | $9.14 |
855 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$111.6K
$97.7K – $130.3K
NOI $7,815 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$101.9K
$89.1K – $118.8K
NOI $7,130 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$255.9K
$223.9K – $298.6K
NOI $17,914 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale single lot with two separate residences, both cleaned out and largely gutted, plus yard and an oversized shed.
Where is this duplex located?
The property is located at 60 Wilson Avenue South Glens Falls, NY.
What is the asking price?
The asking price for this property is $104,000.
What are key features of this property?
This property features: Single lot with two separate residences: a 2‑story main house and a smaller ranch structure; Main house layout: 3 bedrooms upstairs, plus living room, dining room, kitchen, and 1 full bath on the first floor; Second home features an open living space, kitchenette, and bathroom (guest house, rental, or studio potential)
