Norwood Multifamily Income
31 Park St Norwood, NY 13668
31 Park St, Norwood, NY, 13668
$135,000
For Sale
$135,000
MULTI_FAMILY - Norwood, NY
Property Size2,032 SF
Price / SF$66.44
Days on Market226
Property Features for 31 Park St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 3
- Patio and Porch features
- Porch, Deck
- Exterior features
- Covered porch, Deck
- Standard status
- Active
- APN
- 42.073-4-25
- Size
- 2,032 SF
Taxes and HOA fees
- Tax Annual Amount
- 3273
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Vinyl siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Fiacco Realty, LLC
(315) 854-7529
Listed by
Amanda Fiacco · License #10491212047
(315) 261-9809
Added: Dec 9, 2025 Updated: Jul 4 at 9:20PM Checked: Jul 23 at 12:06AM
MLS# 52224
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 property features two apartments, each with 2 bedrooms and 1.5 bathrooms. Both units include a covered front porch and a covered back deck. One unit has been fully remodeled with new appliances, while the other is in good condition. Tenants are already in place, providing immediate income. Each apartment has its own washer/dryer hookups located in the basement; one set conveys with the home. Both units are equipped with their own forced-air natural gas furnace, each less than 5 years old, as well as separate natural gas water heaters. The property includes a large yard. Located near Potsdam, Canton, Norfolk, and Madrid, this property is suitable for investors or owner-occupants. The property size is 2032 square feet.
Key Highlights
- Two apartments on one property, each with 2 bedrooms and 1.5 bathrooms
- Covered front porch and covered back deck for each unit
- One unit fully remodeled with new appliances; the other is in great condition
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 | $18.8k | $9.24 |
| − Vacancy | −$3.9k | −$1.94 |
| EGI | $14.8k | $7.30 |
| − OpEx | −$4.4k | −$2.19 |
| NOI | $10.4k | $5.11 |
2,032 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$148.3K
$129.8K – $173.1K
NOI $10,383 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$135.8K
$118.8K – $158.5K
NOI $9,507 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$504.1K
$441.1K – $588.2K
NOI $35,289 @ 7.0% cap · market cap 26.14%
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 - Two-unit property with immediate income potential near Potsdam and Canton.
Where is this duplex located?
The property is located at 31 Park St Norwood, NY.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Two apartments on one property, each with 2 bedrooms and 1.5 bathrooms; Covered front porch and covered back deck for each unit; One unit fully remodeled with new appliances; the other is in great condition
