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    32 Elm St Potsdam, NY 13676

    Sponsored
    For Sale
    $249,000

    MULTI-FAMILY, Old Style - Potsdam, NY

    Type:Multi Family
    Property size:
    3,864 SF
    Days on Market:
    3
    Last Refresh:
    Feb 21 at 10:06 pm

    Property Features for 32 Elm St

    General Information

    Property type
    Residential
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen
    Bedrooms
    7
    Bathrooms
    3
    APN
    64.059-12-14
    Parking features
    Driveway, Paved or Surfaced
    Patio and Porch features
    Porch
    Interior features
    Sprinkler System
    Exterior features
    Covered Porch, Outdoor Lights, Porch
    Appliances
    Dryer, Refrigerator, Washer
    Size
    3,864 SF

    Utilities

    Heating system
    Forced Air, Natural Gas, Radiant

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa O'Brien
    Lisa O'Brien

    O'Brien Properties, LLC (315) 244-5746

    Listing agent Lisa O'Brien (315) 244-5746 License #10491212419

    Listing date Feb 19, 2026

    MLS# 52362 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Victorian Home with Income Potential

    This late 19th-century folk Victorian home, located in the heart of the village, combines original character with classic charm. The property offers 2,864 square feet in the main house and an additional 1,000 square feet in a separate, fully renovated attached apartment. Situated on a corner lot with a wrap-around paved drive, the property boasts 217 combined feet of frontage along Elm Street, Lawrence Avenue, and Leroy Street. It is conveniently located within walking distance of downtown shops, restaurants, a movie theater, schools, universities, and the hospital. The bright and spacious main house features four to five bedrooms and two bathrooms, with original moldings and doors, double staircases, high ceilings, and generous rooms. The main level includes a fully equipped kitchen, double living rooms, a laundry room, and a half bath. The second floor offers four to five bedrooms and a full bath. Updates include a high-efficiency natural gas furnace, upgraded electrical with added circuitry, updated windows, and a fire suppression system. The attached apartment, fully renovated down to the studs in 1995, features in-floor heat, new plumbing and electrical, a well-designed main floor layout with a full bath, and two bedrooms upstairs. This home is already generating income and is ready for its next chapter.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Potsdam town Portable ... Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Potsdam
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.9820308
    Latitude
    44.6701485

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    FAQs

    What type of property is this?
    Duplex - Charming Victorian home with renovated apartment in prime location.
    Where is this duplex located?
    The property is located at 32 Elm St Potsdam, NY.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Prime village location: Walkable to downtown shops, restaurants, movie theater, schools, universities, and hospital.; - Income-generating potential: Includes a fully renovated, attached apartment (1,000 sq ft) with separate entrance.; - Spacious main house: **2,864 sq ft with 4-5 bedrooms, 2 bathrooms, double living rooms, and high ceilings.**
    (315) 244-5746
    Request Owner's contact information
    32 Elm St Potsdam, NY 13676
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    Potsdam, NY 13676
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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
    32 Elm St Potsdam, NY 13676
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    We can help!
    Listing Contact
    Lisa O'Brien
    Lisa O'Brien
    Real Estate License ID: 10491212419
    (315) 244-5746
    Learn more
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