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Five-Unit Apartment Property
For Sale
$320,000

94 3rd Avenue, Gloversville, NY 12078

Remodeled multifamily property with varied unit layouts, separate utility metering, and a rear studio.

Property Size2,008 SF
Price / SF$159.36
Days on Market52

Property Features for 94 3rd Avenue

General Information

Standard status Active
Size 2,008 SF
Total Parking Spaces 4
Property subtype Multi-Family
Zoning Multi Residence

Units

Unit Mix 2 x 1BR, 2 x 2BR, 1 x studio
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $4,905

Building Details

Year Built 1930
Listing Agency: Coldwell Banker Prime Properties
Listed By: Fermina B Clet
Source: Capmarkrealty
Added: Jul 10 Changed: Aug 30 Last Checked: Aug 30 at 1:37PM

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 Coldwell Banker Prime Properties

Investment Insights

Based on property information with market context.

This 2,008-square-foot apartment property, built in 1930, contains four rental apartments and a separate rear studio. The apartment mix includes two one-bedroom units and two two-bedroom units, providing a range of residential configurations within the building. Kitchens and bathrooms have been recently remodeled, and each apartment has separate gas and electric meters, with occupants responsible for those utilities.

The rear studio is currently operated as an Airbnb, adding a short-term rental component to the property. The address is close to restaurants, shopping centers, grocery stores, the hospital, the rail trail, and Darling Field. Located in Gloversville, the property combines multiple residential units with an additional studio space and an established nearby amenity base.

Key Highlights

  • Four rental apartments plus a rear studio currently operated as an Airbnb
  • Unit mix includes two 1‑bedroom apartments and two 2‑bedroom apartments
  • 2,008 square feet; built in 1930

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Real Estate Agency Storage Facility Carpet & Flooring Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

633
Businesses Nearby

Demographics for 12078, NY

23,009
Population
11,668
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
87%
High-School Grad
110.8 sq mi
ZIP Area
208
Density / Sq Mi
$54,565
Median Household Income
$36,769
Median Earnings
$908
Median Rent
$122,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Remodeled multifamily property with varied unit layouts, separate utility metering, and a rear studio.
Where is this apartment building located?
The property is located at 94 3rd Avenue Gloversville, NY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Four rental apartments plus a rear studio currently operated as an Airbnb; Unit mix includes two 1‑bedroom apartments and two 2‑bedroom apartments; 2,008 square feet; built in 1930
More about this property
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