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Glens Falls 12801
5 Second Street
$229,000
● Multifamily - Off Market

5 Second Street

Glens Falls, NY 12801
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$1,365
Est. Monthly
10.80%
Cap Rate

About This Property

2 Family house both apartments been totally redone . Separate utilities . Both have forced Hot Air downstairs has brand new Furnace . Both Apartments has washer dryer hook ups same floor . Agent is related to owner.Sold As is. Property is back on market due to getting the proper financing.
Unit Size
1,700 Ft²
Days on Market
38 days
Land Size
5,068.00 acres
Price per sqft
$135
Property Type
Multifamily
Property Taxes
$240
HOA Dues
-
Year Built
1926

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Global MLS #202418574)

Price History

Date / Event Date Event Price
Aug 22, 2024 Sold
Premium
Sold
Jun 3, 2024 Listed by Coldwell Banker Prime Properties $229,000
Listed by Coldwell Banker Prime Properties
Dec 28, 2023 Sold
Premium
Sold
Jun 30, 2008 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,317
  • Lot Size Depth Feet: 675
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,944
  • Gross Building Area: 1,944
  • Building Area: 1,944
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,944
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000099
  • Standard Land Use Code: 1101
  • County Land Use Code: 220
  • Legal Description 1: 2 FAM.RES. 58X69 89.-1-11

Neighborhood

  • School District Name: Glens Falls City School District
  • School Tax School District: GLENS FALLS
  • Census Tract: 070100

Zoning

  • Zoning: R-1B

Geography

  • District: 520500
  • Section: 309.12
  • Parcel: 520500 309.12-8-19
  • Block: 8
  • Lot: 19.000
  • Municipality: GLENS FALLS
  • Latitude: 43.3027
  • Longitude: -73.6526

    Address

  • Full Address: 5 2nd St
  • Address - House Number: 5
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: NY
  • City Name: Glens Falls
  • Carrier Code: C016
  • 4-Digit Zip Code: 4221
  • Zip Code: 12801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $241,069
  • Tax Rate Code Area: 520500

    Appraisal Valuation

  • Standard Deviation: 0.106
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 89
  • Final Value: 87,712
  • High Value: 97,011
  • Low Value: 78,412

    Market Valuation

  • Market Total Value: $90,745
  • Market Land Value: $14,362
  • Market Improvement Value: $76,383

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,300
  • Assessed Land Value: $13,500
  • Assessed Improvements Value: $71,800

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Dec 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2023-6991
  • Previous Sale Recording Date: Jun 30, 2008
  • Previous Sale Contract Date: Jun 20, 2008
  • Previous Sale Amount: $118,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Glens Falls

Stats & Trends

Median Asking:

$268,450

Sale Price/ft²

$166

Below Asking

0.01%

Average Days on Market

62

Average Home Size

2214 ft²

Average Home Age

103.7 years

Currently For Sale

44 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 492 Glen Street, Glens Falls, NY, 12801

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,052 ft²
492 Glen Street #B, Glens Falls, NY, 12801 Listing by Christine Hogan-Barton

Rentals Near You

Click here to view more rentals in the neighborhood.
Global MLS

Listed by: Anthony Tomasovic
Coldwell Banker Prime Properties
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202418574
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5 2nd Street built and last sold?
The property at 5 2nd Street was built in 1926 and last sold on Nov 30, 2023 for $56,581.
How much is this home worth?
The estimated value of the home located at 5 2nd Street is $0.
What are some comparable homes to 5 2nd Street?
There are currently no comparable homes to 5 2nd Street.
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