148 N Arlington Avenue, Gloversville, NY 12078
Local realty services provided by:HUNT Real Estate ERA
148 N Arlington Avenue,Gloversville, NY 12078
$279,999
- 6 Beds
- - Baths
- 3,500 sq. ft.
- Multi-family
- Active
Listed by: angela gonyo
Office: wolf river real estate, llc.
MLS#:R1728600
Source:NY_GENRIS
Price summary
- Price:$279,999
- Price per sq. ft.:$80
About this home
Fully renovated 5-unit investment property in Gloversville with over 3,000 sq ft and strong cash flow potential. Every apartment has its own electric meter and its own gas meter. The interior is nearly complete, so you can buy in with most of the heavy lifting already done.
UNIT MIX & PROJECTED RENTS
1 studio: $875/month
2 one-bedroom units: $1,000/month each
2 two-bedroom units: $1,100/month each
Total: about $5,075/month, or $60,900/year
INTERIOR UPDATES
Hardwood flooring
Fresh paint
New toilets
New hot water heaters (some units)
New outlets, switches and light fixtures
Smoke and carbon monoxide detectors
TENANT-FRIENDLY FEATURES
Each unit has its own electric meter and its own gas meter
Tenants pay their own electric, hot water and cooking gas
Separate house electric and gas meters cover common-area lighting and heat for the building; owner pays only the house meters, and those bills are available
Private entrance for every unit
Individual porch or balcony space for a single-family feel
Front and back yard space
Large bedrooms and spacious living areas
Corner lot with great visibility and natural light
EXTRA INCOME
A detached 3-car garage can be rented for parking or storage, an extra revenue stream on top of the apartment rents.
THE NUMBERS
Projected gross rent is about $60,900/year. With operating expenses of about $6,000/year (taxes, the house National Grid meters and water), estimated net operating income is about $54,900. At $279,999, that’s roughly a 19.6% cap rate. Utility bills are available on request.
All mechanical systems are operational and appliances are in place. A strong fit for buy-and-hold investors, the BRRRR strategy, portfolio expansion or anyone seeking passive income....
Contact an agent
Home facts
- Year built:1940
- Listing ID #:R1728600
- Added:1 day(s) ago
- Updated:November 12, 2026 at 07:03 PM
Rooms and interior
- Bedrooms:6
- Flooring:Hardwood, Varies
- Kitchen Description:Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:3,500 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt
- Year built:1940
- Building area:3,500 sq. ft.
- Lot Features:Near Public Transit, Rectangular, Residential Lot
- Construction Materials:Frame
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$279,999
- Price per sq. ft.:$80
- Tax amount:$4,169
Features and amenities
- Appliances:Gas Range, Refrigerator
- Laundry features:Electric Water Heater
New listings near 148 N Arlington Avenue
- New
$45,000Active6 beds 2 baths1,952 sq. ft.53 North Street, Gloversville, NY 12078
MLS# 202629796Listed by: THE GREENE REALTY GROUP - New
$180,000Active3 beds 1 baths1,260 sq. ft.91 W State Street, Gloversville, NY 12078
MLS# 202629789Listed by: INGLENOOK REALTY INC - New
$65,000Active3 beds 1 baths1,110 sq. ft.1 Maple Terrace, Gloversville, NY 12078
MLS# 202629738Listed by: HOWARD HANNA CAPITAL INC - New
$389,900Active4 beds 5 baths3,260 sq. ft.83 Oakland Avenue, Gloversville, NY 12078
MLS# 202629640Listed by: CRYSTAL COLEMAN REALTY LLC - New
$179,000Active8.99 Acres312 County Hwy 122, Gloversville, NY 12078
MLS# 202629397Listed by: NEXT CHAPTER REAL ESTATE ADVISORS
$129,000Active2 beds 1 baths1,032 sq. ft.260 Barlow Road, Gloversville, NY 12078
MLS# 202629313Listed by: HUNT ERA
$249,000Active6 beds 3 baths2,496 sq. ft.9 Academy Place, Gloversville, NY 12078
MLS# 202629297Listed by: CHAD MAJEWSKI REAL ESTATE
$359,900Active6 beds 3 baths3,480 sq. ft.242 E State Street, Gloversville, NY 12078
MLS# 202629190Listed by: HOWARD HANNA CAPITAL INC
$237,700Active4 beds 2 baths2,060 sq. ft.38 North Boulevard, Gloversville, NY 12078
MLS# 202629165Listed by: GO DOMIO