4-Unit Multifamily
23 Pine St. Potsdam, NY 13676
For Sale
$455,000
Pending
MULTI_FAMILY - Potsdam, NY
Property Size3,043 SF
Days on Market112
Property Features for 23 Pine St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 6, Bedroom 3, Bedroom 6, Bathroom 5, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 1, Bathroom 4
- Parking
- 10
- Standard status
- Pending
- APN
- 64.058-6-19
- Size
- 3,043 SF
Taxes and HOA fees
- Tax Annual Amount
- 11716
Utilities
- Water front
- 1
Building Details
- Year built
- 2014
- Floors in Building
- 2
- Number of units
- 4
Listing Agency:
Nikki Coates & Associates LLC
(315) 265-4303
Listed By:
Nikki Coates · License #10491202119
(315) 265-4303
Added: Apr 6
Changed: Jun 21
Last Checked: Jul 26 at 8:06AM
MLS# 52511
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 for-sale multifamily property consists of a well-maintained 4-unit building constructed in 2014 with quality finishes throughout. Inside, the freshly painted foyer leads to two 2-bedroom apartments, a 1-bedroom efficiency, and a 3-bedroom, 3-bath apartment. The building is all-electric and each unit is separately metered. Three of the units include stackable washer/dryers, and all appliances are included. A dry basement with high ceilings provides additional storage.
The property is located on a large waterfront lot in the village, with plentiful parking available. It is positioned near Clarkson University, Rochester Regional Health, and SUNY Potsdam.
For investors or owner-operators seeking a newer, all-electric rental mix, this configuration provides multiple unit sizes within one property, supported by in-unit laundry in most apartments and separately metered utilities. The existing dry basement offers practical storage, and the property includes sufficient parking for residents and guests. The seller notes that a second building may be possible with approved plans.
The property is located on a large waterfront lot in the village, with plentiful parking available. It is positioned near Clarkson University, Rochester Regional Health, and SUNY Potsdam.
For investors or owner-operators seeking a newer, all-electric rental mix, this configuration provides multiple unit sizes within one property, supported by in-unit laundry in most apartments and separately metered utilities. The existing dry basement offers practical storage, and the property includes sufficient parking for residents and guests. The seller notes that a second building may be possible with approved plans.
Key Highlights
- 4‑unit multifamily built in 2014 with 3,043 sq ft of construction on a large waterfront lot
- Unit mix includes two 2‑bedroom apartments, one 1‑bedroom efficiency, and one 3‑bedroom, 3‑bath apartment
- All‑electric building with each apartment separately‑metered
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 | $28.1k | $9.24 |
| − Vacancy | −$5.9k | −$1.94 |
| EGI | $22.2k | $7.30 |
| − OpEx | −$6.7k | −$2.19 |
| NOI | $15.5k | $5.11 |
3,043 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$222.1K
$194.4K – $259.2K
NOI $15,549 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$203.4K
$178.0K – $237.3K
NOI $14,237 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$754.9K
$660.6K – $880.8K
NOI $52,846 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Potsdam Properties
Real Estate Agency
FAQs
What type of property is this?
Quadplex - Modern four-unit building on a waterfront lot with separately metered, all-electric residences and included appliances.
Where is this quadplex located?
The property is located at 23 Pine St. Potsdam, NY.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 4‑unit multifamily built in 2014 with 3,043 sq ft of construction on a large waterfront lot; Unit mix includes two 2‑bedroom apartments, one 1‑bedroom efficiency, and one 3‑bedroom, 3‑bath apartment; All‑electric building with each apartment separately‑metered
