$579,900
Glens Falls, NY 12801
MLS# 202526692
Status: Closed
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
Status: Closed
Property Sub Type: Multi Family
Original List Price: 629900
Sold Price: $579,900
Current Price: $579,900
Listing Contract Date: 2025-09-26
List Price/SqFt: 129.59
Location
Street Number: 493
Street Name: Glen
Street Suffix: Street
County: Warren
State/Province: NY
Postal Code: 12801
City/Town (Mail): Glens Falls
Geo Lat: 43.316846
Geo Lon: -73.654078
Property Detail
Number Of Units Total: 6
Rooms Total: 26
Bedrooms Total: 9
Bathrooms Full: 6
Year Built: 1975
Above Grade Finished Area: 4475
Above Grade Finished Area Source: CRS
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
Parking Y/N: Yes
Status Change Info
Status Change Date: 2026-08-25
Under Contract Date: 2026-01-20
Sold Date: 2026-03-16
Sold Price: $579,900
Sold Price/SqFt: 129.59
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
Photos - the contractual owner of the photos
Photo Owner: Broker
Parking Features
Parking Total: 8
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
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
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
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
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
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
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 Capital Inc
Listing Agent: Sean Rogge
518-307-8492 | seanrogge@howardhanna.com
518-307-8492 | seanrogge@howardhanna.com
