South Glens Falls Duplex
8 4th Street, South Glens Falls, NY 12803
New
MULTI_FAMILY - South Glens Falls, NY
Property size:
1,646 SFLot size:
0.19 AcresPrice / SF:
$136/SF- Added:
- May 22, 2026
- Days on Market:
- 1
- Last Refresh:
- May 22 at 10:06 pm
Property Features for 8 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Laundry Room
- Parking
- 4
- Parking features
- Off Street
- Basement
- Interior Entry
- Standard status
- Active
- APN
- 414401 37.54-2-19
- Size
- 1,646 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2599
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Flooring type
- Linoleum, Carpet, Tile - Ceramic
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing agent Scott P Varley License #30VA0727304 (518) 281-6808
Listing office KW Platform 382 Broadway, Latham, NY (518) 281-6808
Listing date May 22, 2026
MLS# 202617844
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.
HighLights
- Income‑generating duplex with established tenants for immediate monthly income.
- Convenient South Glens Falls location with quick access to Route 9 and downtown Glens Falls.
- Solid mechanicals: Features new plumbing, relatively new water heaters, furnace, monitor heater, and a 10‑year‑old roof.
- Low‑maintenance with all appliances included, plus a washer and dryer in the first‑floor unit.
- Includes off‑street parking and a spacious backyard with a shed.
- Affordable price at $225,000, an accessible investment opportunity.
Overview
This over-under duplex in South Glens Falls features two units, providing two income streams. Both units are currently occupied with established tenants, generating consistent monthly income. The first floor unit offers a 2-bedroom, 1-bath layout, while the second floor unit features a 1-bedroom, 1-bath layout. Parking is available on both sides of the property. A spacious backyard with a shed is included. The property has new plumbing throughout. Both water heaters have been replaced within the last 4 years. The first-floor furnace is approximately 7-8 years old, and a new monitor heater is installed in the second-floor unit. The roof is approximately 10 years old, and foundation wall work has been completed in the basement. All appliances are included, such as the washer and dryer in the first-floor unit. The property is located across from Glens Falls, with quick access to Route 9, downtown dining, shopping, and employment. The property is situated on a 0.19-acre lot. The building size is 1,646 square feet. This clean, functional investment property is located in a market with real demand.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$167.2K
NOI $15,045 @ 9.00% cap · cautious / downside scenario
Moderate
$214.9K
NOI $15,045 @ 7.00% cap · market / base-case scenario
Aggressive
$300.9K
NOI $15,045 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $14.04 |
| − Vacancy | −$1.6k | −$0.98 |
| EGI | $21.5k | $13.06 |
| − OpEx | −$6.4k | −$3.92 |
| NOI | $15.0k | $9.14 |
1,646 SF · lease $14.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$214.9K
$188.1K – $250.8K
NOI $15,045 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,726 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$492.7K
$431.1K – $574.8K
NOI $34,487 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- South Glens Falls
- County
- Warren
- State
- New York
- Longitude
- -73.634291
- Latitude
- 43.301509
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit duplex with established tenants in South Glens Falls.
Where is this duplex located?
The property is located at 8 4th Street South Glens Falls, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Income‑generating duplex with established tenants for immediate monthly income.; Convenient South Glens Falls location with quick access to Route 9 and downtown Glens Falls.; Solid mechanicals: Features new plumbing, relatively new water heaters, furnace, monitor heater, and a 10‑year‑old roof.
