Excellent investment opportunity in the heart of Glens Falls! This well-maintained two unit multifamily property offers a strong rental history and a convenient location just minutes from downtown, shopping, dining, and area amenities. The property features two 2-bedroom units and one 3-bedroom unit, all with separate utilities. Unit 1 is located on the first floor and offers 2 bedrooms. Unit 2 is located on the second floor and features 3 bedrooms. Unit 3 is a separate 2-bedroom unit and is being sold furnished. The property also offers off-street parking for up to five vehicles, providing added convenience for tenants. With an established rental history, separate utilities, and a desirable Glens Falls location, this is an excellent opportunity for investors looking to add an income-producing three-unit multifamily property to their portfolio. (Rents: Unit 1: $1,350 Unit 2: $1,350
Two large 3 BR apartments, tenants pay heat & lights, aluminum siding. 20' x 30' detached garage with 2nd floor rec room with w/w carpeting and heated.
Global MLS #60898
Jun 30, 1998
Listing Removed
—
Mar 14, 1997
Listed
$69,900
$33/sq ft
Global MLS #60897
Jun 30, 1998
Listing Removed
—
Dec 29, 1996
Listed
$69,900
$33/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$7,023
$39,000 + $211,600
$250,600
2025
$7,023 (+1.0%)
$39,000 + $211,600
$250,600
2024
$6,955 (+1.8%)
$39,000 + $211,600
$250,600
2023
$6,834 (+1.3%)
$39,000 + $199,700
$238,700
2022
$6,746 (+3.9%)
$39,000 + $199,700
$238,700
2021
$6,493 (+36.7%)
$21,100 + $100,400
$121,500
2020
$4,750 (−28.3%)
$21,100 + $100,400
$121,500
2019
$6,622 (+130.0%)
$21,100 + $100,400
$121,500
2018
$2,879 (+1.3%)
$21,100 + $100,400
$121,500
2017
$2,843 (+2.0%)
$21,100 + $100,400
$121,500
2015
$2,786 (+2.0%)
$21,100 + $100,400
$121,500
2014
$2,732
$21,100 + $100,400
$121,500
Public record
Public record
Zoning
Beds
6
Baths
2
Stories
2
Lot width
62 ft.
Lot depth
132 ft.
Lot size
7,505 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,506
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,506
Year built
1881
Style
Multi-Family (2-4 Unit)
County
Warren County
APN
520500A30201200180090000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
R-2
Two-Family Residential District
The general purpose and intent of this residential zoning district is to provide for one- and two-family dwellings within the City of Glens Falls, at a greater density than the R-1A and R-1B single-family districts. This district is intended to protect the basic low-density residential character of areas developed for one- and two-family residences and prevent the subdivision of one- and two-family residential structures into multifamily dwellings in areas unable to accommodate greater densities. In promoting the general purpose of this chapter, the specific intent is: To preserve the basic low-density residential character of areas within the City of Glens Falls where increased densities would create traffic and parking problems and have a detrimental effect on the quality of the residential environment; to permit the development of recreational and public education facilities required for, and compatible with, a balanced residential neighborhood; To prohibit all business, commercial and industrial development of the land, to prohibit any other nonconforming use which would substantially interfere with or be deleterious to the development or continuation of single-family and two-family dwellings in this residential zoning district; To encourage the discontinuance of existing uses that would not be allowed as new uses under the provisions of this section; To discourage land use that would generate traffic on residential streets other than normal traffic to and from the residences on those streets.; No unhosted short-term rentals shall be permitted to operate in the R-2 Two-Family Districts.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Educational/school
Recreation-Other
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 16 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Glens Falls, NY • 12801
Average low and high temperatures (°F)
29
14
31
14
48
28
59
38
68
48
80
58
84
63
81
57
76
51
63
41
48
32
32
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 7% for direct sun exposure in Glens Falls. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 181 Bay St
$283,315
$1,685 under list price of $285K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $235K to $458K.