Multifamily Residence with Common
474 S James Street Carthage, NY 13619
474 S James Street, Carthage, NY, 13619
$230,000
For Sale
$230,000
MULTI_FAMILY - Carthage, NY
Property Size2,375 SF
Lot Size0.32 Acres
Price / SF$96.84
Days on Market115
Property Features for 474 S James Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Garage
- Exterior features
- BlacktopDriveway
- Appliances
- ElectricCooktop, ElectricWaterHeater, Refrigerator
- Standard status
- Active
- APN
- 226001-086-041-0003-030-000
- Size
- 2,375 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2961
Utilities
- Heating system
- Natural Gas, Baseboard, Electric (Heating), Forced Air
- Water source
- Public
Building Details
- Year built
- 1850
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Laminate, Carpet, Varies
- Building materials
- VinylSiding
- Roof type
- Metal
Listing agency
Bridgeview Real Estate
(315) 782-9292
Listed by
Kirk Gilchrist · License #10401317321
(315) 782-9292
Added: Mar 31 Updated: Jul 12 at 9:35AM Checked: Jul 23 at 2:06AM
MLS# S1669931
Copyright © 2026 New York State Alliance of MLSs, LLC. 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 residence features eight bedrooms and three bathrooms, supported by a common kitchen and multiple common areas designed for shared living. The property is also described as having ample parking to support tenants and guests.
Located at 474 S James Street in Carthage, NY 13619, the offering sits on a 0.3227-acre lot and totals 2,375 square feet. The listing notes consistent occupancy and includes the owner’s use of some rooms as short-term rentals.
From an operator or buyer perspective, the layout’s mix of private bedrooms and shared spaces can accommodate a variety of tenant configurations, including long-term arrangements and the potential to supplement income through short-term occupancy as described. Buyers should review local requirements and lease or licensing considerations for any short-term use, while considering how the common kitchen and shared areas will fit the intended tenant mix. Presented as a turn-key-style income property in the listing narrative, this is positioned for buyers seeking an actively used, multi-room setup within one building.
Located at 474 S James Street in Carthage, NY 13619, the offering sits on a 0.3227-acre lot and totals 2,375 square feet. The listing notes consistent occupancy and includes the owner’s use of some rooms as short-term rentals.
From an operator or buyer perspective, the layout’s mix of private bedrooms and shared spaces can accommodate a variety of tenant configurations, including long-term arrangements and the potential to supplement income through short-term occupancy as described. Buyers should review local requirements and lease or licensing considerations for any short-term use, while considering how the common kitchen and shared areas will fit the intended tenant mix. Presented as a turn-key-style income property in the listing narrative, this is positioned for buyers seeking an actively used, multi-room setup within one building.
Key Highlights
- 8 bedrooms and 3 bathrooms with a common kitchen and multiple common areas
- Virtually 100% rented, including the owner air bnbs some rooms
- Reported rent income of $5,325 per month
Local Financial Insights For Apartment 5plus
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 | $34.2k | $14.40 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $31.8k | $13.39 |
| − OpEx | −$14.3k | −$6.03 |
| NOI | $17.5k | $7.37 |
2,375 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$249.9K
$218.7K – $291.6K
NOI $17,493 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.7K
$572.9K – $763.8K
NOI $45,828 @ 7.0% cap · market cap 19.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Apartment building - For sale multifamily property offering eight bedrooms, three bathrooms, and multiple common areas for flexible living.
Where is this apartment building located?
The property is located at 474 S James Street Carthage, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 8 bedrooms and 3 bathrooms with a common kitchen and multiple common areas; Virtually 100% rented, including the owner air bnbs some rooms; Reported rent income of $5,325 per month
