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    Ogdensburg Multifamily Investment Opportunity Title is generated by Realmo AI

    700 State Street, Ogdensburg, NY 13669

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    Claim this Listing
    Pending
    $195,000

    MULTI_FAMILY - Ogdensburg, NY

    Property size:
    2,560 SF
    Added:
    May 20, 2026
    Days on Market:
    31
    Last Refresh:
    Jun 19 at 2:06 am

    Property Features for 700 State Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 1
    Exterior features
    Outdoor lights
    Standard status
    Pending
    APN
    48.079-12-1
    Size
    2,560 SF

    Taxes and HOA fees

    Tax Annual Amount
    5415

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1874
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Tile - Ceramic, Laminate, Vinyl
    Building materials
    Brick accent, Vinyl siding
    Roof type
    Metal
    Architectural style
    Other

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    Listing Contact
    Deborah Polniak

    Listing agent Deborah Polniak License #40PO1137191

    Listing office River Run Realty, LLC 30 Riverwood Acres, Ogdensburg, NY

    Listing date May 20, 2026

    MLS# 52766 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.

    HighLights

    • Apartment building built in 1874 with 4 remodeled units
    • Each unit includes washer, dryer, and appliances
    • Metal roof is about 3 years old; water heater and boiler were new in February 2015
    • Full, dry basement with ample storage for each apartment and an exterior entrance
    • Updated windows; exterior includes vinyl siding and brick accent
    • Off‑street parking available; tenants pay their own electric with a separate landlord‑metered hallway/exterior lights bill of $35/month

    Overview

    This multifamily property in Ogdensburg, NY, features four well-maintained and nicely remodeled apartment units. Each spacious unit includes a washer, dryer, and other appliances. The building has updated windows and vinyl siding. A full, dry basement provides ample storage space for each apartment, with an exterior entrance. Off-street parking is available. The exterior of the building is in great condition, and the metal roof is only three years old. The water heater and boiler unit were replaced in February 2015. Tenants are responsible for their own electric bills. There is a fifth meter for hallway and exterior lights, which are on a timer and paid for by the landlord at approximately $35 per month. The tenants have occupied the units for between 4 and 8 years and are currently on a month-to-month basis. The property size is 2560 square feet.

    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 $23.7k $9.24
    − Vacancy −$5.0k −$1.94
    EGI $18.7k $7.30
    − OpEx −$5.6k −$2.19
    NOI $13.1k $5.11
    2,560 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $186.9K
    $163.5K – $218.0K (±1% cap)
    NOI $13,081 @ 7.0% cap · market cap 6.71%
    Second Best
    Apartment 5plus
    $171.1K
    $149.7K – $199.6K (±1% cap)
    NOI $11,977 @ 7.0% cap · market cap 6.14%
    Theoretical Best
    Office A
    $635.1K
    $555.7K – $741.0K (±1% cap)
    NOI $44,458 @ 7.0% cap · market cap 22.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogdensburg
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.488819
    Latitude
    44.69327

    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit apartment building with remodeled units and updated features.
    Where is this quadplex located?
    The property is located at 700 State Street Ogdensburg, NY.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Apartment building built in 1874 with 4 remodeled units; Each unit includes washer, dryer, and appliances; Metal roof is about 3 years old; water heater and boiler were new in February 2015
    More about this property
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