8 4th Street South Glens Falls, NY 12803
Tenant-occupied duplex with consistent income in desirable location.
- Added:
- May 22, 2026
- Days on Market:
- 54
- Last Refresh:
- May 27 at 12:22 pm
Property Features for 8 4th Street
General Information
- Standard status
- Active
- Size
- 1,646 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1930
Listing office KW Platform (518) 281-6808
Listing date May 22, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Income‑generating duplex with established tenants.
- Desirable South Glens Falls location, near amenities and Route 9.
- Solid mechanicals: newer plumbing, water heaters, furnace, and roof.
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 | $23.1k | $14.04 |
| − Vacancy | −$1.6k | −$0.98 |
| EGI | $21.5k | $13.06 |
| − OpEx | −$6.4k | −$3.92 |
| NOI | $15.0k | $9.14 |
