Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    55 W Main St Norfolk, NY 13667

    For Sale
    $199,000

    Five Or More Family,, COMMERCIAL - Norfolk, NY

    Property size:
    4,000 SF
    Days on Market:
    47
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 55 W Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    5
    APN
    32.058-4-7
    Size
    4,000 SF

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    5
    Architectural style
    Other

    1st Class Realty Group (315) 322-2448

    Listing agent Diana Dufresne (315) 769-2500 License #10371202021

    Listing date Oct 20, 2025

    MLS# 52053 Listing URL

    Copyright © 2025 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.

    Overview

    Downtown Norfolk Income Property

    This five-unit apartment building is located in downtown Norfolk, New York. The property is fully occupied and generates $3,875 per month in rental income. Each unit is separately metered for electricity. On-site coin-operated laundry is available. Apartments 1 and 2, located on the ground floor, each have 3 bedrooms. Apartments 3 and 4, located on the second floor, each have 2 bedrooms. Apartment 5 has 1 bedroom. The property is within walking distance of local shops, cafes, and small-town amenities. It is a short drive to libraries, parks, museums, Clarkson University, SUNY Potsdam, SUNY Canton, and seasonal outdoor activities such as hiking, skiing, swimming, fishing, and boating. Norfolk is located near an airport with direct flights to Boston and convenient access to Plattsburgh, Ottawa, Montreal, and the Saint Regis Mohawk Reservation, which features a casino and year-round cultural events. The property is suitable for real estate investors seeking multi-family units in upstate New York with strong cash flow potential, as well as professionals and workers drawn to affordable electricity and high-speed internet in a quiet, small-town setting. The building has a property size of 4000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Hotel & Motel Bar & Pub Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.9931689
    Latitude
    44.8014203

    Nearby Similar for Sale

    • $450,000
      2,348 SF

      Norfolk Farm with Custom-Built Home

      Country home and farm ready for the next farming adventure.
      4165 State Highway 310, Norfolk, NY 13667
      View Details
    • $84,000
      2,709 SF

      Norfolk Investment Property with Units

      Investment property featuring three units in Norfolk, New York.
      31 W Main St, Norfolk, NY 13667
      View Details
    • $529,000

      Commercial Property on Raquette River

      Commercial property with grocery store, storefronts, and apartments in Norfolk.
      6 S Main St, Norfolk, NY 13667
      View Details
    • $329,900
      6,513 SF

      Eleven-Unit Multifamily Investment Opportunity

      Turnkey eleven-unit multifamily property with strong rental history in Norfolk, NY.
      8636 Rte, Norfolk, NY 13667
      View Details
    • $335,000

      Profitable Mobile Home Community

      Income-generating mobile home park on 7 acres with river frontage.
      9344 State Highway 56, Norfolk, NY 13667
      View Details
    • $335,000

      Profitable Mobile Home Community

      Income-generating mobile home park on 7 acres with river frontage.
      9344 State Highway 56, Norfolk, NY 13667
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully occupied five-unit apartment building in downtown Norfolk, New York.
    Where is this apartment building located?
    The property is located at 55 W Main St Norfolk, NY.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Fully occupied, income-producing 5-unit apartment building.; - Proven rental history generating $3,875/month.; - Each unit is separately metered for electricity.
    (315) 769-2500
    Request Owner's contact information
    55 W Main St Norfolk, NY 13667
    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.
    55 W Main St
    Norfolk, NY 13667
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    55 W Main St Norfolk, NY 13667
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.