Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    55 Prospect Street Gouverneur, NY 13642

    View on Map
    Claim this Listing
    For Sale
    $79,999

    MULTI_FAMILY - Gouverneur, NY

    Property size:
    1,796 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $44/SF
    Added:
    Oct 17, 2024
    Days on Market:
    561
    Last Refresh:
    Apr 30 at 9:06 am

    Property Features for 55 Prospect Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 7, Bedroom 2, Basement
    Fireplace
    1
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    404001-173-040-0001-009-000-0000
    Size
    1,796 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2541

    Utilities

    Heating system
    Natural Gas, Baseboard, Forced Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Varies, Vinyl
    Building materials
    VinylSiding

    We can help!

    Listing Contact
    Trevor Gibbons

    Listing agent Trevor Gibbons License #10401360514

    Listing office TLC Real Estate LLC - Carthage 253 State Street, Carthage, NY

    Listing date Oct 17, 2024

    MLS# S1572829 Listing URL

    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.

    Overview

    Updated Duplex in Gouverneur, NY

    This updated duplex, located on a side street in Gouverneur, New York, presents an opportunity for investment or owner-occupancy with income potential. The property is conveniently located near shopping, downtown Gouverneur, and Route 11. The building contains two apartments: one with 4 to 5 bedrooms and 2 full bathrooms, and another with 1 to 2 bedrooms. The property has been recently updated throughout. The lot size is approximately 0.2066 acres, and the building has a size of 1796 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gouverneur
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.474053
    Latitude
    44.329855

    Nearby Similar for Sale

    • $299,000

      Gouverneur Turn-Key Auto Shop Building

      Turn-key building with truck bays and office space.
      1369 US Highway 11, Gouverneur, NY 13642
      View Details
    • $49,900
      1,700 SF

      Gouverneur Two-Unit Corner Building

      Two-unit building in Gouverneur with commercial and residential potential.
      311 W Main Street, Gouverneur, NY 13642
      View Details
    • $69,999
      1,875 SF

      Multi-Family Property in Gouverneur, NY

      Three-unit apartment building with additional house, sold as-is.
      17 South Street, Gouverneur, NY 13642
      View Details
    • $199,000
      1,508 SF

      Stabilized Income-Producing Commercial Building

      Commercial building with existing tenant in Gouverneur, NY for sale.
      137 W Main St, Gouverneur, NY 13642
      View Details
    • $510,000
      6,200 SF

      Rent-A-Center in Gouverneur, NY

      Rent-A-Center property with Double Net lease in Gouverneur, NY.
      22 Clinton St, Gouverneur, NY 13642
      View Details
    • Contact for pricing
      6,200 SF

      Retail Property in Dense Corridor

      NN leased retail property with strong corporate guarantee.
      22 Clinton St, Gouverneur, NY
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex in Gouverneur, NY, ideal for investment or income.
    Where is this duplex located?
    The property is located at 55 Prospect Street Gouverneur, NY.
    What is the asking price?
    The asking price for this property is $79,999.
    What are key features of this property?
    This property features: Duplex property offers income‑generating potential.; Recently updated throughout.; Includes a **large apartment with 4‑5 bedrooms and 2 full baths.**
    (315) 783-6455
    We can help!
    Listing Contact
    Trevor Gibbons
    Real Estate License ID: 10401360514
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!