$579,900
Glens Falls, NY 12801
MLS# 202526692
Status: Pending
9 beds
1 / 5
Property Description
Exceptional investment opportunity in the heart of Glens Falls! This fully occupied 5-unit multifamily property also includes a bonus office space, providing additional income potential or flexible use. With a strong rental history, the building generates approximately $75,000 in annual gross income and has proven to be consistently easy to rent when vacancies arise. Tenants benefit from ample off-street parking, direct access to the bus line, and the convenience of walking distance to downtown shops, dining, and entertainment. The property has been professionally managed and a manager is in place if the new owner desires a seamless transition. Long-term tenants and solid cash flow make this a turnkey addition to any portfolio. Whether you're looking to expand your current holdings or step into multifamily ownership, this property checks all the boxes for stability, location, and income.
Details
Maps
Contract Information
Original List Price: 629900
List Price/SqFt: 129.59
Status: Pending
Property Sub Type: Multi Family
List Price: $579,900
Current Price: $579,900
Listing Contract Date: 2025-09-26
Location
City/Town (Mail): Glens Falls
Street Number: 493
Street Name: Glen
Street Suffix: Street
County: Warren
State/Province: NY
Postal Code: 12801
Geo Lat: 43.316846
Geo Lon: -73.654078
Property Detail
Number Of Units Total: 6
Rooms Total: 26
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 4475
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 4475
Zoning: Mixed
Deed Restrictions: Unknown
Lot Size Acres: 0.28
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 9
Bathrooms Full: 6
Year Built: 1975
Status Change Info
Proposed Closing Date: 2026-03-30
Status Change Date: 2026-01-21
Under Contract Date: 2026-01-20
Parcel, Tax, HOA
Parcel Number: 520500 302.16-2-15
Tax Annual Amount: 10958.67
Tax Section: 302.16
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 15.000
School District: Glens Falls
High School: Glens Falls
Association Y/N: No
Directions & Remarks
Directions: Glen St (Route 9), just north of the the sanford intersection
Public Remarks: Exceptional investment opportunity in the heart of Glens Falls! This fully occupied 5-unit multifamily property also includes a bonus office space, providing additional income potential or flexible use. With a strong rental history, the building generates approximately $75,000 in annual gross income and has proven to be consistently easy to rent when vacancies arise. Tenants benefit from ample off-street parking, direct access to the bus line, and the convenience of walking distance to downtown shops, dining, and entertainment. The property has been professionally managed and a manager is in place if the new owner desires a seamless transition. Long-term tenants and solid cash flow make this a turnkey addition to any portfolio. Whether you're looking to expand your current holdings or step into multifamily ownership, this property checks all the boxes for stability, location, and income.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Attic Features
Finished: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 2nd
Full Bath 6: 1st
Construction Materials
Wood Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
None: 1
Showing Requirements
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Water Source
Public: 1
Heating
Electric: 1
Natural Gas: 1
Interior Features
High Speed Internet: 1
Parking Features
Parking Total: 8
Driveway: 1
Off Street: 1
Levels
Three Or More: 1
Separate Utilities
Electric: 1
Gas: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1F
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1000
Total Rooms MF Unit 1: 2
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Electricity: 1
Heat: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1R
Monthly Rent MF Unit 2: 1150
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2F
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 825
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2R
Monthly Rent MF Unit 4: 1000
Rent Desc. MF Unit 4: Actual
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3F
Monthly Rent MF Unit 5: 1700
Rent Desc. MF Unit 5: Actual
Total Rooms MF Unit 5: 5
Total Bedrooms MF Unit 5: 3
Total Full Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 5 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Storage: 1
Stove: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: Office
Occupant Type MF Unit 6: Tenant
Monthly Rent MF Unit 6: 1000
Total Rooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Unit 6 Owner Furnish Features
Electricity: 1
Heat: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 6 Includes
Bathroom: 1
Efficiency: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: Finished
Basement: Full
Construction Materials: Wood Siding
Exterior Features: None
Heating: Electric; Natural Gas
Interior Features: High Speed Internet
Levels: Three Or More
Parking Features: Driveway; Off Street
Possession: At Closing; Subject To Tenant Rights
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas
Utilities: Cable Connected
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Electricity; Heat; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Kitchen; Refrigerator; Stove
Unit 4 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Storage; Stove
Unit 6 Owner Furnish Features: Electricity; Heat; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Efficiency
Listing Courtesy of Howard Hanna
Listing Agent: Sean Rogge
518-307-8492 | seanrogge@howardhanna.com
518-307-8492 | seanrogge@howardhanna.com
