Triplex Building with Commercial
For Sale
$649,900
267 Margaret Street, Plattsburgh, NY 12901
COMMERCIAL - Plattsburgh, NY
Property Size6,538 SF
Lot Size0.98 Acres
Price / SF$99.40
Days on Market14
Property Features for 267 Margaret Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Laundry Room
Parking features
Parking Lot, Driveway
Interior features
Ceiling Fan(s), Eat-in Kitchen
Fencing
Chain Link
Appliances
Dishwasher, Range, Refrigerator
Elementary school district
Plattsburgh
Middle school district
Plattsburgh
High school district
Plattsburgh
Directions
Located just North of Elm Street
Subdivision
City of Plattsburgh
Standard status
Active
APN
207.11-4-15
Size
6,538 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Annual Amount
9436
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Flooring type
Tile, Carpet, Vinyl
Building materials
Brick, Metal Siding, Wood Siding
Roof type
Metal, Asphalt
Listing Agency:
REMAX North Country
(518) 563-1200
Listed By:
Kathy Bennett · License #30BEC514887
(518) 569-5959
Added: Jul 23
Changed: Aug 4
Last Checked: Aug 5 at 12:06AM
MLS# 207947
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.
Investment Insights
Based on property information with market context.
Triplex building featuring three fully remodeled apartments and commercial space for additional rental income. The apartments are described as fully remodeled and currently rented. Interior features include eat-in kitchens, ceiling fans, and a laundry room, with appliances including a dishwasher, range, and refrigerator. Heating is electric, and flooring includes carpet, vinyl, and tile.
The property sits on a large 0.98-acre lot and is built with brick plus metal and wood siding, with asphalt and metal roofing. Parking is provided via a driveway and parking lot, and fencing includes chain link. Utilities include cable availability, with water from public sources and public sewer.
Built in 1960, the property is zoned Commercial. The large lot is noted as offering room to build additional apartments or expand the existing development, subject to local zoning and approvals.
The property sits on a large 0.98-acre lot and is built with brick plus metal and wood siding, with asphalt and metal roofing. Parking is provided via a driveway and parking lot, and fencing includes chain link. Utilities include cable availability, with water from public sources and public sewer.
Built in 1960, the property is zoned Commercial. The large lot is noted as offering room to build additional apartments or expand the existing development, subject to local zoning and approvals.
Key Highlights
- Three fully remodeled apartments plus commercial space
- 0.98‑acre lot with room for additional apartments or expansion, subject to zoning/approvals
- 3 apartments described as rented for immediate cash flow
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 | $86.3k | $13.20 |
| − Vacancy | −$6.6k | −$1.00 |
| EGI | $79.7k | $12.20 |
| − OpEx | −$23.9k | −$3.66 |
| NOI | $55.8k | $8.54 |
6,538 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$797.4K
$697.8K – $930.3K
NOI $55,820 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$708.9K
$620.3K – $827.1K
NOI $49,623 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,157 @ 7.0% cap · market cap 19.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 12901, NY
32,147
Population
15,426
Households
2.1
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
70.6 sq mi
ZIP Area
455
Density / Sq Mi
$59,413
Median Household Income
$35,385
Median Earnings
$957
Median Rent
$182,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with fully remodeled apartments and on-site commercial space on a 0.98-acre lot with public utilities.
Where is this triplex located?
The property is located at 267 Margaret Street Plattsburgh, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three fully remodeled apartments plus commercial space; 0.98‑acre lot with room for additional apartments or expansion, subject to zoning/approvals; 3 apartments described as rented for immediate cash flow
