Two-Unit Multifamily
21 S Main St Norfolk, NY 13667
21 S Main St, Norfolk, NY, 13667
$169,000
For Sale
$169,000
MULTI_FAMILY - Norfolk, NY
Property Size2,205 SF
Price / SF$76.64
Days on Market55
Property Features for 21 S Main St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4
- Parking features
- Garage, Driveway, Garage - Detached
- Exterior features
- Storage/out-building(s)
- Standard status
- Active
- APN
- 32.067-4-10
- Size
- 2,205 SF
Taxes and HOA fees
- Tax Annual Amount
- 2589
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1938
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl siding
- Roof type
- Metal
- Architectural style
- Other
- Additional Structures
- Storage
Listing agency
Fiacco Realty, LLC
(315) 854-7529
Listed by
Amanda Fiacco · License #10491212047
(315) 261-9809
Added: May 28 Updated: Jun 20 at 7:17PM Checked: Jul 21 at 11:06AM
MLS# 52807
Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit multifamily residence at 21 S Main St, Norfolk, NY includes a larger apartment and a smaller apartment with separate layouts. The larger unit offers a spacious living room, an eat-in kitchen with a laundry area, a sitting room off the living room, a main floor bathroom, and additional downstairs rooms that could serve as another bedroom, playroom, office, or hobby space. It also features an enclosed back porch and three bedrooms upstairs. The smaller apartment includes a dining room, a kitchen with a laundry area, a spacious living room on the main floor, and one bedroom plus a full bathroom upstairs. Both apartments share a large enclosed front porch that also provides extra storage.
Recent improvements include a new roof installed in 2021. The home also has a new boiler and domestic water heater installed in 2025, and the electricity has been updated to 200 amp. There is a hookup for a generator, and the generator is negotiable. Outside, the property includes a detached one-car garage, a paved driveway, and an insulated shed with a heater that needs a propane tank.
Designed for flexible occupancy, the property can suit an owner-occupant seeking rental income or a buyer looking to manage two separate units. With laundry areas in each apartment and multiple usable rooms, the interior configuration supports a range of household needs.
Recent improvements include a new roof installed in 2021. The home also has a new boiler and domestic water heater installed in 2025, and the electricity has been updated to 200 amp. There is a hookup for a generator, and the generator is negotiable. Outside, the property includes a detached one-car garage, a paved driveway, and an insulated shed with a heater that needs a propane tank.
Designed for flexible occupancy, the property can suit an owner-occupant seeking rental income or a buyer looking to manage two separate units. With laundry areas in each apartment and multiple usable rooms, the interior configuration supports a range of household needs.
Key Highlights
- Two‑unit home built in 1938 with flexible layout for owner occupancy or rental use
- New roof installed in 2021; new boiler and domestic water heater installed in 2025
- 200 amp electricity update and generator hookup (generator negotiable)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $9.24 |
| − Vacancy | −$4.3k | −$1.94 |
| EGI | $16.1k | $7.30 |
| − OpEx | −$4.8k | −$2.19 |
| NOI | $11.3k | $5.11 |
2,205 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$161.0K
$140.8K – $187.8K
NOI $11,267 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$147.4K
$129.0K – $171.9K
NOI $10,316 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$547.0K
$478.7K – $638.2K
NOI $38,293 @ 7.0% cap · market cap 22.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A two-apartment home with shared enclosed front porch, multiple bedrooms, and recent mechanical updates.
Where is this duplex located?
The property is located at 21 S Main St Norfolk, NY.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Two‑unit home built in 1938 with flexible layout for owner occupancy or rental use; New roof installed in 2021; new boiler and domestic water heater installed in 2025; 200 amp electricity update and generator hookup (generator negotiable)
