Charming Victorian Two-Unit
22 Spring St Norwood, NY 13668
22 Spring St, Norwood, NY, 13668
$129,000
For Sale
$129,000
MULTI_FAMILY - Norwood, NY
Property Size1,988 SF
Price / SF$64.89
Days on Market272
Property Features for 22 Spring St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Kitchen
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Covered porch
- Standard status
- Active
- APN
- 42.073-4-29
- Size
- 1,988 SF
Taxes and HOA fees
- Tax Annual Amount
- 4061
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Wood siding
- Roof type
- Shingle
Listing agency
Fiacco Realty, LLC
(315) 854-7529
Listed by
Amanda Fiacco · License #10491212047
(315) 261-9809
Added: Oct 23, 2025 Updated: Jul 4 at 9:20PM Checked: Jul 21 at 11:06AM
MLS# 52078
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 Victorian two-unit property, located near Potsdam, Canton, Madrid, and Winthrop, presents an investment opportunity with rental income potential or the option for owner-occupancy. The first-floor unit features 2 bedrooms, 1 bathroom, hardwood floors, tall ceilings, an enclosed front porch, and a covered front porch. The second-floor unit also offers 2 bedrooms and 1 bathroom, a kitchen with hickory cabinets, and a covered balcony. The property includes a natural gas furnace and natural gas hot water heater for efficient heating. The building has a total size of 1988 square feet.
Key Highlights
- Charming Victorian 2‑unit rental built in 1870
- Each unit offers 2 bedrooms and 1 bathroom
- Hardwood floors and tall ceilings in the first‑floor unit
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 | $18.4k | $9.24 |
| − Vacancy | −$3.9k | −$1.94 |
| EGI | $14.5k | $7.30 |
| − OpEx | −$4.4k | −$2.19 |
| NOI | $10.2k | $5.11 |
1,988 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$145.1K
$127.0K – $169.3K
NOI $10,158 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$132.9K
$116.3K – $155.0K
NOI $9,301 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$493.2K
$431.6K – $575.4K
NOI $34,524 @ 7.0% cap · market cap 26.76%
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 - Victorian two-unit with income potential near Potsdam and Canton.
Where is this duplex located?
The property is located at 22 Spring St Norwood, NY.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Charming Victorian 2‑unit rental built in 1870; Each unit offers 2 bedrooms and 1 bathroom; Hardwood floors and tall ceilings in the first‑floor unit
