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    The Largest CRE Database in the US with Over 1 Million Listings

    24-26 Fay Ln Plattsburgh, NY 12901

    Sponsored
    For Sale
    $495,000

    MULTI_FAMILY - Ranch - Plattsburgh, NY

    Type:Single Family Residence
    Property size:
    3,178 SF
    Lot size:
    0.80 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 30 at 3:06 am

    Property Features for 24-26 Fay Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Window features
    Vinyl Frames
    APN
    205.-1-1-12.26
    Parking
    4
    Parking features
    Off Street, Garage, Open
    Patio and Porch features
    Patio, Porch
    Interior features
    Granite Counters, Ceiling Fan(s), Jetted Tub, Open Floorplan, Walk-In Closet(s)
    Appliances
    Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
    Size
    3,178 SF
    Lot size
    0.80 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Heating system
    Radiant, Hot Water(Heating), Radiant Floor, Natural Gas
    Water source
    Public

    Building Details

    Year built
    2008
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile - Ceramic, Carpet
    Building materials
    Asphalt, HardiPlank Type
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Denise Calkins Ryder

    RE/MAX North Country (518) 563-1200

    Listing agent Denise Calkins Ryder (518) 563-1200

    Listing date Jan 29, 2026

    MLS# 206497 Listing URL

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Duplex Near Plattsburgh Amenities

    This well-maintained duplex features a mirror-image side-by-side layout, situated on a dead-end street, minutes from the amenities of the City of Plattsburgh. It presents a potential opportunity for owner-occupation and/or rental income. Each spacious unit includes a large kitchen equipped with granite countertops and a separate dining area. Each unit also offers 3 bedrooms and 2 full baths. Flooring consists of ceramic tile and some carpeting. Each unit has a back porch for entertaining; one is screened, and the other is open. Natural gas is connected for radiant in-floor heating and hot water. An attached 2-car garage is included. Currently, both units have long-term tenants who are responsible for paying the utilities. The property is located in Plattsburgh, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Grocery Store Bar & Pub Convenience Store Pawn Shop Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plattsburgh
    County
    Clinton
    State
    New York
    Longitude
    -73.563456
    Latitude
    44.714836

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    FAQs

    What type of property is this?
    Duplex - Spacious duplex with rental income potential near Plattsburgh amenities.
    Where is this duplex located?
    The property is located at 24-26 Fay Ln Plattsburgh, NY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Duplex: Potential for owner-occupied and/or rental income.; - Each unit features 3 bedrooms, 2 full baths, large kitchen with GRANITE COUNTERTOPS.; - Radiant in-floor natural gas heating and hot water.
    (518) 563-1200
    Request Owner's contact information
    24-26 Fay Ln Plattsburgh, NY 12901
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    Plattsburgh, NY 12901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24-26 Fay Ln Plattsburgh, NY 12901
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    We can help!
    Listing Contact
    Denise Calkins Ryder
    (518) 563-1200
    Learn more
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