$360,000
Glens Falls, NY 12801
MLS# 202528754
Status: Closed
3 beds
1 / 27
Property Description
Downtown Glens Falls Mixed-Use Investment Opportunity Welcome to 62 Lawrence Street, a well-maintained 5-unit mixed-use property ideally situated in the heart of downtown Glens Falls. Featuring two storefronts and three apartments, this property offers reliable income and strong potential for future growth. Four of the five units have been thoughtfully updated with new flooring, fixtures, paint, and mechanical systems. Current rents remain below market, providing room for a 10-15% increase upon renewal. Located near The Shirt Factory and the Glens Falls Art Trail, this property benefits from strong pedestrian traffic and proximity to restaurants, galleries, and community attractions. It embodies the city's ongoing downtown revitalization, offering investors dependable income, value-add potential, and pride of ownership in one of Glens Falls' most vibrant neighborhoods. Must be sold as a package with 55 Lawrence Street (MLS# 202528751) for $690,000.
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 380000
Sold Price: $360,000
Current Price: $360,000
Listing Contract Date: 2025-10-30
List Price/SqFt: 108.57
Location
Street Number: 62
Street Name: Lawrence
Street Suffix: Street
County: Warren
State/Province: NY
Postal Code: 12801
City/Town (Mail): Glens Falls
Geo Lat: 43.313871
Geo Lon: -73.638122
Property Detail
Number Of Units Total: 5
Rooms Total: 13
Bedrooms Total: 3
Bathrooms Full: 5
Year Built: 1950
Above Grade Finished Area: 3500
Above Grade Finished Area Source: See Remarks
Below Grade Finished Area Source: See Remarks
Living Area: 3500
Lot Size Dimensions: 80x65
Lot Size Acres: 0.11
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: Yes
Status Change Info
Status Change Date: 2026-04-08
Under Contract Date: 2025-11-18
Sold Date: 2026-04-08
Sold Price: $360,000
Sold Price/SqFt: 102.86
Financial Details
General Taxes: 5578.49
General Taxes Description: Estimated
School Taxes: 4348.46
School Taxes Description: Estimated
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 2nd
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income: 48000
Rental Income Description: Yearly
Parking Features
Parking Total: 4
Separate Utilities
Number Of Separate Electric Meters: 5
Number Of Separate Gas Meters: 5
Number Of Separate Water Meters: 5
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: store1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 500
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: store 2
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 500
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: apt 1
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1050
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: apt 2
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 950
Rent Desc. MF Unit 4: Actual
Total Rooms MF Unit 4: 3
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: Apt 3
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 1000
Rent Desc. MF Unit 5: Actual
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Property Features
Architectural Style: Traditional
Basement: Full
Construction Materials: Vinyl Siding
Cooling: None
Exterior Features: None
Flooring: Wood
Heating: Baseboard; Electric; Natural Gas
Levels: Two
Parking Features: Off Street
Possession: At Closing
Roof: Rubber
Separate Utilities: Electric; Gas; Water Heater; Water Meter
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Sign on Property
Special Listing Conditions: Standard
Water Source: Public
Unit 1 Includes: Bathroom; Other
Unit 2 Includes: Bathroom; Other
Unit 3 Includes: Bathroom; Kitchen; Living Room
Unit 4 Includes: Bathroom; Kitchen; Living Room
Unit 5 Includes: Bathroom; Kitchen; Living Room
Lead Based Paint 
Taxes 
Listing Courtesy of KW Platform
Listing Agent: Scott P Varley
518-281-6808 | scottvarley@kw.com
518-281-6808 | scottvarley@kw.com
