Turnkey Two-Family Investment Opportunity Just Minutes from Saratoga!
Rare opportunity to own a one-of-a-kind, income-producing two-family property in highly desirable Gansevoort, conveniently located just 15 minutes from Saratoga Springs and minutes from Exit 16 of the Northway.
Many recent updates make this property an attractive investment. Each spacious unit offers 3 bedrooms, 1½ bathrooms, a large kitchen with dining area, laundry, a covered porch and abundant storage. Outside, enjoy plenty of off-street parking, a patio with fire pit, and a generous yard--perfect for relaxing or entertaining.
Currently generating approximately $36k per year in rental income, this property provides an excellent opportunity for immediate cash flow with potential for additional income and appreciation.
The property's prime location also creates exciting potential for seasonal, short-term, or vacation rentals, offering investors additional flexibility and ways to maximize rental income.
Whether you're looking to expand your rental portfolio or seeking a property with strong income potential and multiple rental possibilities, this is a must-see investment opportunity.
Active
Price cut: $10K (10/15)
$385,000
38 Northern Pines Road, Gansevoort, NY 12831
6beds
2,504sqft
Duplex, Multi Family
Built in 1880
-- sqft lot
$381,500 Zestimate®
$154/sqft
$-- HOA
What's special
Covered porchGenerous yardPlenty of off-street parkingPatio with fire pitSpacious unitAbundant storage
- 16 hours
- 118
- 6
Zillow last checked:
Listing updated:
Listed by:
Krutz Properties LLC 518-661-6115,
Gina Ulrich 518-429-1623
Source: Global MLS,MLS#: 202625009
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: Laundry Closet
Features
- Ceiling Fan(s), High Speed Internet
- Flooring: Carpet, Hardwood, Laminate, Linoleum
- Windows: Double Pane Windows, Blinds, Curtain Rods
- Basement: Bilco Doors,Exterior Entry,Full,Interior Entry,Unfinished
Interior area
- Total structure area: 2,504
- Total interior livable area: 2,504 sqft
- Finished area above ground: 2,504
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Off Street
Features
- Patio & porch: Porch, Covered, Patio
- Exterior features: Garden
- Fencing: None
Lot
- Size: 9,583 Square Feet
- Features: Landscaped, Wooded, Cleared, Garden
Details
- Additional structures: Shed(s)
- Parcel number: 415600 114.7229
- Special conditions: Standard
- Other equipment: Grinder Pump
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle,Asphalt
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Smoke Detector(s), Carbon Monoxide Detector(s)
HOA
- Has HOA: No
Location
- Region: Gansevoort
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $319,133
- Annual tax amount: $5,053
- Date on market: 10/15/2026
- Tenant pays: Hot Water, Heat, Electricity, Gas
Estimated market value
$381,500
$362,000 - $401,000
$1,709/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Price change | $385,000-2.5%$154/sqft |
Source:  Global MLS #202625009 Report a problem | ||
| 9/29/2026 | Pending sale | $395,000$158/sqft |
Source: Global MLS #202625009 Report a problem | ||
| 9/8/2026 | Price change | $395,000-4.8%$158/sqft |
Source: Global MLS #202625009 Report a problem | ||
| 8/28/2026 | Listed for sale | $415,000+27.7%$166/sqft |
Source: Global MLS #202625009 Report a problem | ||
| 1/17/2023 | Sold | $325,000+0%$130/sqft |
Source: Global MLS #202225666 Report a problem | ||
| 11/7/2022 | Pending sale | $324,900$130/sqft |
Source: Global MLS #202225666 Report a problem | ||
| 10/17/2022 | Price change | $324,900-3%$130/sqft |
Source: Global MLS #202225666 Report a problem | ||
| 9/15/2022 | Price change | $334,900-4.3%$134/sqft |
Source: Global MLS #202225666 Report a problem | ||
| 8/30/2022 | Listed for sale | $349,900+33.3%$140/sqft |
Source: Global MLS #202225666 Report a problem | ||
| 9/16/2020 | Sold | $262,500-2.4%$105/sqft |
Source: Global MLS #202019627 Report a problem | ||
| 7/7/2020 | Pending sale | $269,000$107/sqft |
Source: Equitas Realty #202019627 Report a problem | ||
| 6/11/2020 | Listed for sale | $269,000+8.5%$107/sqft |
Source: Equitas Realty #202019627 Report a problem | ||
| 10/10/2014 | Listing removed | $1,200 |
Source: Racing City Realty Inc. #201419227 Report a problem | ||
| 9/10/2014 | Listed for rent | $1,200 |
Source: Racing City Realty Inc. #201419227 Report a problem | ||
| 10/11/2013 | Sold | $248,000-8.1%$99/sqft |
Source: Public Record Report a problem | ||
| 1/22/2012 | Price change | $269,970-1.5%$108/sqft |
Source: Listhub #201131261 Report a problem | ||
| 11/15/2011 | Listed for sale | $274,000+537.2%$109/sqft |
Source: Listhub #201131261 Report a problem | ||
| 11/15/2011 | Listing removed | $1,200 |
Source: For Rent by Owner, Inc. Report a problem | ||
| 10/21/2011 | Listed for rent | $1,200 |
Source: Acclaim Properties Report a problem | ||
| 3/14/2002 | Sold | $43,000-51.7%$17/sqft |
Source: Public Record Report a problem | ||
| 11/19/2001 | Sold | $89,056$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $209,000 |
| 2024 | -- | $209,000 |
| 2023 | -- | $209,000 |
| 2022 | -- | $209,000 |
| 2021 | -- | $209,000 |
| 2020 | -- | $209,000 |
| 2019 | -- | $209,000 |
| 2018 | -- | $209,000 |
| 2017 | $3,939 +424.5% | $209,000 |
| 2016 | $751 -1.2% | $209,000 |
| 2015 | $760 +26.2% | $209,000 |
| 2014 | $602 | $209,000 |
| 2013 | -- | $209,000 |
| 2012 | -- | $209,000 +19.2% |
| 2011 | -- | $175,400 |
| 2010 | -- | $175,400 |
| 2009 | -- | $175,400 |
| 2008 | -- | $175,400 +37.9% |
| 2007 | -- | $127,200 |
| 2006 | -- | $127,200 |
| 2005 | -- | $127,200 |
| 2004 | -- | $127,200 +44.5% |
| 2003 | -- | $88,000 +51.7% |
| 2002 | -- | $58,000 |
| 2001 | -- | $58,000 |
| 2000 | -- | $58,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 12831
Nearby schools
Schools provided by the listing agent
- High: South Glens Falls
Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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