22 Eagle St · Gloversville, NY 12078

$149,900

4 bd · 2.0 ba · 1,816 sqft · MultiFamily public records · 85 Days on market

Built 1900 6,534 sqft lot $83/sqft · 21% above area Est $124k · 21% over

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.3/10.0
• Livability +4.1/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Turnkey vacant two-family home offering flexibility, income potential, and immediate peace of mind. Whether you are an investor looking to set your own rents or an owner occupant hoping to live in one unit while renting the other, 22 Eagle Street is a strong opportunity. Each unit features 2 bedrooms and 1 full bathroom, for a total of 4 bedrooms and 2 bathrooms. The home has been updated throughout with fresh interior finishes, modern lighting, clean bathrooms, and a move-in-ready feel. Recent major updates, including a recently updated roof and newer water heaters, help reduce upfront maintenance concerns and add long-term value. Both units are currently vacant, giving the next owner full control over occupancy, tenant selection, and rental terms. Additional features include off-street parking, ample street parking, and a spacious backyard. Conveniently located near local shops, restaurants, schools, parks, and major roadways, this property is well positioned for both tenants and homeowners. A clean, vacant, updated two-family property with flexible use options like this is one you do not want to miss.

Key facts

• Newer water heaters
• Spacious backyard
• Off street parking

Tags

• UPDATED ROOF
• NEWER WATER HEATERS
• SPACIOUS BACKYARD
• OFF STREET PARKING
• AMPLE STREET PARKING
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $150k.

Deal economics

• At list price, monthly cash flow is $611 ($7k/yr) — positive. Per door: $305/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 82/100 on livability (#70 in NY, #1,048 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment F.
• Gloversville City School District (town): math 26% / reading 42% proficiency, ranked #565 of 590 in NY (top 96%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Park Terrace School (277 students, 76% FRL); Gloversville Middle School (math 6% / reading 35%, grade F, #664 of 729 statewide, top 91%, 548 students, 70% FRL); Gloversville High School (math 82% / reading 77%, grade A-, #518 of 1,100 statewide, top 51%, 697 students, 71% FRL) — zoned schools average 72% FRL vs 54% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 50% at this address vs 34% district-wide (+16 pts) — the actual schools serving this property are materially stronger than the Gloversville City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 173 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 112 units permitted in Fulton County in 2024 (50 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Fulton County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $150k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.33% ✓
• Cap rate: 11.18%
• Cash-on-cash: 17.46%
• DSCR: 1.78
• GRM: 6.3

CMA / ARV

• ARV (median comp): $123,859
• List price: $149,900
• Delta: 21.02%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
73 Park St	0.16mi	4/2.0	1,848 (+2%)	18mo	$59,500	$32	74
82 E Pine St	0.11mi	4/2.0	1,939 (+7%)	12mo	$105,000	$54	73
26 E Pine St	0.30mi	4/2.0	1,856 (+2%)	18mo	$65,000	$35	67
73 Fremont St	0.31mi	5/2.0 (+1)	1,914 (+5%)	8mo	$75,000	$39	64
96 Woodside Ave	0.66mi	4/2.0	2,020 (+11%)	8mo	$70,000	$35	44
77 1st Ave	0.69mi	5/3.0 (+1)	1,620 (-11%)	14mo	$185,000	$114	29
35 Pearl St	0.73mi	4/2.0	2,080 (+14%)	17mo	$135,000	$65	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.2%
• Equity multiple: 3.87×
• Total profit: $120,529
• Equity at exit: $135,042

10-year hold

• IRR: 32.1%
• Equity multiple: 8.73×
• Total profit: $324,312
• Equity at exit: $291,223

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12078

• Home prices YoY: 12.2%
• Active inventory: 173
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $1,990 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$113 /mo · $1,352/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $611

Break-even live

Break-even rent $1,217

Max offer price $149,900

Occupancy floor 64%

Sensitivity live

Price	-10% $696	-5% $653	+0% $611	+5% $568	+10% $526
Rent	-10% $454	-5% $532	+0% $611	+5% $689	+10% $768
Rate	-1.0pp $686	-0.5pp $649	base $611	+0.5pp $572	+1.0pp $532

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,990
Total (2 units)			$1,990

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11 Fremont St Gloversville, NY	2.0–3.0	1.5–2.0	1612	$1,650	$1.02	45d	3	0.49mi

Listing history 19 events

1. 2026-06-14
   status $149,900 Pending 85 DOM
2. 2026-06-13
   days on market $149,900 Active 85 DOM
3. 2026-06-12
   days on market $149,900 Active 84 DOM
4. 2026-06-09
   days on market $149,900 Active 81 DOM
5. 2026-06-09
   price $149,900 Active 80 DOM
6. 2026-06-08
   days on market $156,900 Active 80 DOM
7. 2026-06-07
   days on market $156,900 Active 79 DOM
8. 2026-06-07
   days on market $156,900 Active 78 DOM
9. 2026-06-04
   days on market $156,900 Active 75 DOM
10. 2026-06-02
    days on market $156,900 Active 74 DOM
11. 2026-06-01
    days on market $156,900 Active 73 DOM
12. 2026-05-31
    days on market $156,900 Active 72 DOM
13. 2026-04-22
    price $164,999 1121-char remark

    Show marketing remark (1121 chars)

    Turnkey vacant two-family home offering flexibility, income potential, and immediate peace of mind. Whether you are an investor looking to set your own rents or an owner occupant hoping to live in one unit while renting the other, 22 Eagle Street is a strong opportunity. Each unit features 2 bedrooms and 1 full bathroom, for a total of 4 bedrooms and 2 bathrooms. The home has been updated throughout with fresh interior finishes, modern lighting, clean bathrooms, and a move-in-ready feel. Recent major updates, including a recently updated roof and newer water heaters, help reduce upfront maintenance concerns and add long-term value. Both units are currently vacant, giving the next owner full control over occupancy, tenant selection, and rental terms. Additional features include off-street parking, ample street parking, and a spacious backyard. Conveniently located near local shops, restaurants, schools, parks, and major roadways, this property is well positioned for both tenants and homeowners. A clean, vacant, updated two-family property with flexible use options like this is one you do not want to miss.

14. 2026-03-18
    listed $174,999 Active 1121-char remark

    Show marketing remark (1121 chars)

    Turnkey vacant two-family home offering flexibility, income potential, and immediate peace of mind. Whether you are an investor looking to set your own rents or an owner occupant hoping to live in one unit while renting the other, 22 Eagle Street is a strong opportunity. Each unit features 2 bedrooms and 1 full bathroom, for a total of 4 bedrooms and 2 bathrooms. The home has been updated throughout with fresh interior finishes, modern lighting, clean bathrooms, and a move-in-ready feel. Recent major updates, including a recently updated roof and newer water heaters, help reduce upfront maintenance concerns and add long-term value. Both units are currently vacant, giving the next owner full control over occupancy, tenant selection, and rental terms. Additional features include off-street parking, ample street parking, and a spacious backyard. Conveniently located near local shops, restaurants, schools, parks, and major roadways, this property is well positioned for both tenants and homeowners. A clean, vacant, updated two-family property with flexible use options like this is one you do not want to miss.

15. 2022-02-11
    soldstatus $60,000
16. 2020-07-15
    soldstatus $30,000
17. 2017-06-01
    historical
18. 2016-05-23
    listed $37,500 New
19. 2001-09-05
    soldstatus $15,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $1,352 · $113/mo
• Projected year-2 tax: $1,943 · $162/mo
• Expected delta: +$590/yr (+$49/mo · 43.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,880
• − Mortgage interest: −$8,397
• − Property taxes: −$1,352
• − Insurance: −$750
• − Repairs & maintenance: −$1,910
• − Management: −$1,910
• − Depreciation: −$4,361
• Taxable income: $5,200
• Est. tax owed @ 24.0%: −$1,248
• After-tax cash flow: $6,082/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Gloversville City School District
• NCES district ID: 3612270
• Math proficiency: 26% ▼ -6.00%
• Reading proficiency: 42% ▲ 7.00%
• Median HH income: $36,775
• Composite: 28.2/100
• National rank: #6806
• State rank: #565 of 590 in NY

Livability — Gloversville

• Score: 82/100
• State rank: #70
• US rank: #1048

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime B Employment F Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gloversville, NY
• Population (ZIP): 23,087

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 51,132 people
• By 2030: 49,114 · -3.9%
• By 2040: 44,373 · -13.2%
• By 2050: 39,321 · -23.1%
• By 2075: 28,503 · -44.3%
• By 2100: 19,268 · -62.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 8% Hispanic / Latino 5% Black 2% Asian 1%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Lithuanian 5% Romanian 4% Iranian 4%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Fulton

• 2024 margin: Solid R (+35.9) · D 32.1% · R 67.9%
• 2008→2024 swing: -26.6pp toward R · 2008: -9.2pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+31.4 2016: R+35.5 2012: R+10.5 2008: R+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 34.22%
• Current HPI: 315.1368
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+1000.0% since first listed

7 events — show timeline

• 2026-04-22 Price Changed $164,999 Global MLS
• 2026-03-18 Listed $174,999 Global MLS
• 2022-02-11 Sold (Public Records) $60,000 Public Records
• 2020-07-15 Sold (Public Records) $30,000 Public Records
• 2017-06-01 Listing Removed — Global MLS
• 2016-05-23 Listed $37,500 Global MLS
• 2001-09-05 Sold (Public Records) $15,000 Public Records

Property tax history

+0.9%/yr

Latest (2025): $1,352 · +3.4% YoY. Source: county tax records.