# 148 N Arlington, Gloversville, NY 12078 > **TL;DR:** 0bd/5ba commercial, $279,999 ($80/sqft), built 1940, 3,500 sqft. > View, Hardwood, 3-car garage. Est. $1,498/mo. Listed 82 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $279,999 | | Price/sqft | $80 | | Bathrooms | 5 full | | Square Feet | 3,500 | | Year Built | 1940 | | Stories | 2 | | Garage | 3-car | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 82 | ## Why This Home Stands Out - **Views** - City - **Large Garage** - 3-car garage - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,416 | | Estimated Insurance | $82 | | **Total** | **$1,498** | ## Key Amenities - View - Hardwood - 3-car garage ## Property Highlights - Built in 1940 - 2 stories ## Description ### Agent Description Turnkey, fully renovated 5-family investment property located in Gloversville offering over 3,000 square feet and strong, immediate cash flow potential. This income-producing multi-family asset is ideal for investors seeking a stabilized property with minimal ongoing expenses and maximum rental efficiency. Each unit has been updated with hardwood flooring throughout, fresh paint, updated electrical outlets, switches, lighting fixtures, and smoke and carbon monoxide detectors, creating a clean, low-maintenance environment attractive to tenants. A major investment advantage is that each unit is separately metered for gas and electric, allowing tenants to pay their own utilities and significantly reducing owner expenses. This setup maximizes net operating income and simplifies property management-an essential feature for long-term cash flow performance. All units feature private entrances along with individual porch or balcony space, giving tenants added privacy and a single-family feel. The property also offers front and backyard space, further enhancing tenant appeal and usability. The layout includes large bedrooms and spacious living areas, supporting strong rental demand and competitive positioning in the local market. Situated on a corner lot, the property benefits from excellent visibility, natural light, and accessibility. Additional income potential is provided by the detached 3-car garage, which can be rented for parking or storage, creating an extra revenue stream. Projected rental income is approximately $4,750 per month, or $57,000 annually. With operating expenses around $6,000 per year, including taxes, National Grid, and water, the property generates an estimated $51,000 net operating income. At a purchase price of $299,999, this equates to an approximate 17% cap rate, making this a high-yield investment opportunity. All mechanical systems are operational, and appliances are in place, allowing for immediate tenant placement and income generation. This property is well-suited for buy-and-hold investors, BRRRR strategy, portfolio expansion, or those seeking strong passive income. Strong cash flow, separate utilities, private entrances, outdoor space, garage income potential, and high cap rate combine to make this a standout opportunity in today's market. ## Location - **Address:** 148 N Arlington, Gloversville, NY 12078 - **County:** Fulton - **Coordinates:** 43.056226, -74.347993 - **Google Maps:** https://www.google.com/maps?q=43.056226,-74.347993 ## Listing Agent - **Name:** Angela Gonyo - **Brokerage:** WOLF RIVER REAL ESTATE LLC - **Broker Phone:** 518-390-7059 ## Photos ![148 N Arlington - Photo 1](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f916303670r.jpg) ![148 N Arlington - Photo 2](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f3357527624r.jpg) ![148 N Arlington - Photo 3](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f3413559566r.jpg) ![148 N Arlington - Photo 4](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f6784426r.jpg) ![148 N Arlington - Photo 5](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f2774210662r.jpg) ![148 N Arlington - Photo 6](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f670385563r.jpg) ![148 N Arlington - Photo 7](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f4273165244r.jpg) ![148 N Arlington - Photo 8](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f176504908r.jpg) ![148 N Arlington - Photo 9](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f309331296r.jpg) ![148 N Arlington - Photo 10](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f1704021532r.jpg) ![148 N Arlington - Photo 11](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f2674341064r.jpg) ![148 N Arlington - Photo 12](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f146106219r.jpg) ![148 N Arlington - Photo 13](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f848673091r.jpg) ![148 N Arlington - Photo 14](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f2166960195r.jpg) ![148 N Arlington - Photo 15](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f2381217132r.jpg) ![148 N Arlington - Photo 16](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f2843750816r.jpg) ![148 N Arlington - Photo 17](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f139228925r.jpg) ![148 N Arlington - Photo 18](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f2630882751r.jpg) ![148 N Arlington - Photo 19](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f3417264297r.jpg) ![148 N Arlington - Photo 20](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f2972838931r.jpg) ![148 N Arlington - Photo 21](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f770249471r.jpg) ![148 N Arlington - Photo 22](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f408100628r.jpg) ![148 N Arlington - Photo 23](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f720198842r.jpg) ![148 N Arlington - Photo 24](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f1821956358r.jpg) ![148 N Arlington - Photo 25](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f1527011973r.jpg) ![148 N Arlington - Photo 26](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f2646477450r.jpg) ![148 N Arlington - Photo 27](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f3513376381r.jpg) ![148 N Arlington - Photo 28](http://lh.rdcpix.com/4ecc37e4ef8e60b8bd8788205b1c3ab3l-f3134511139r.jpg) --- **MLS#:** 11924485 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/148-n-arlington-gloversville-ny-12078-6d52ac2ec7784153a6a6aecc48cd28ba) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/148-n-arlington-gloversville-ny-12078-6d52ac2ec7784153a6a6aecc48cd28ba#listing", "url": "https://staging.propertysimple.ai/listing/148-n-arlington-gloversville-ny-12078-6d52ac2ec7784153a6a6aecc48cd28ba", "name": "148 N Arlington, Gloversville, NY 12078", "description": "Turnkey, fully renovated 5-family investment property located in Gloversville offering over 3,000 square feet and strong, immediate cash flow potential. 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The layout includes large bedrooms and spacious living areas, supporting strong rental demand and competitive positioning in the local market. Situated on a corner lot, the property benefits from excellent visibility, natural light, and accessibility. Additional income potential is provided by the detached 3-car garage, which can be rented for parking or storage, creating an extra revenue stream. Projected rental income is approximately $4,750 per month, or $57,000 annually. With operating expenses around $6,000 per year, including taxes, National Grid, and water, the property generates an estimated $51,000 net operating income. At a purchase price of $299,999, this equates to an approximate 17% cap rate, making this a high-yield investment opportunity. All mechanical systems are operational, and appliances are in place, allowing for immediate tenant placement and income generation. This property is well-suited for buy-and-hold investors, BRRRR strategy, portfolio expansion, or those seeking strong passive income. 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