Triplex with Converted
8 Clinton Street New York Mills, NY 13417
8 Clinton Street, New York Mills, NY, 13417
$250,000
Pending
For Sale
$250,000
Pending
MULTI_FAMILY - Other - New York Mills, NY
Property Size2,488 SF
Lot Size0.28 Acres
Days on Market47
Property Features for 8 Clinton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 5
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Fireplace
- 1
- Appliances
- ElectricWaterHeater, GasWaterHeater
- Standard status
- Pending
- APN
- 304803-317-013-0001-015-001-0000
- Size
- 2,488 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3553
Utilities
- Heating system
- Natural Gas, Space Heater, Forced Air
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Varies, Tile, Carpet
- Building materials
- Stone, VinylSiding
- Roof type
- Membrane, Rubber, Shingle, Asphalt
- Architectural style
- Other
Listing Agency
Coldwell Banker Faith Properties
(315) 735-2222
2811 Genesee St, Utica, NY
Listed by
Vincent J. Scalise · License #10401318393
(315) 749-3566
Added: Jun 2 Checked: Jul 18 at 7:06 am
MLS# S1686825
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.
Investment Insights
Based on property information with market context.
This well-maintained triplex features three residential units that are currently occupied, providing immediate rental continuity. In addition to the primary residential layout, there is a converted garage with electricity, which previously served as a furniture refinishing and retail shop location. The property also offers an outbuilding option that allows buyers to explore additional ideas for expansion or alternative functional use, subject to applicable approvals.
Located at 8 Clinton Street in New York Mills, the property benefits from a prime setting with high visibility. Its lot size is listed at 0.28 acres, giving it a manageable footprint for continued residential use alongside the existing garage conversion.
For investors and owner-occupants seeking a small, income-producing multifamily asset, this triplex offers a straightforward structure with three units already in place and maintained. The electrically serviced garage adds versatility beyond the residential component and may support light commercial-style storage, workspace, or other permitted adaptations. The property’s condition and existing occupancy make it a practical option for buyers looking for a stable start, with potential to tailor the outbuilding to their long-term plan.
Located at 8 Clinton Street in New York Mills, the property benefits from a prime setting with high visibility. Its lot size is listed at 0.28 acres, giving it a manageable footprint for continued residential use alongside the existing garage conversion.
For investors and owner-occupants seeking a small, income-producing multifamily asset, this triplex offers a straightforward structure with three units already in place and maintained. The electrically serviced garage adds versatility beyond the residential component and may support light commercial-style storage, workspace, or other permitted adaptations. The property’s condition and existing occupancy make it a practical option for buyers looking for a stable start, with potential to tailor the outbuilding to their long-term plan.
Key Highlights
- Three residential units plus a converted garage with electricity (former location of a furniture refinishing & retail shop)
- Multiple bedrooms and bathrooms with basement included (listed rooms: Bedrooms 1–5 and Bathrooms 1–3)
- Deck/patio features and fireplace present
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 | $34.3k | $13.80 |
| − Vacancy | −$2.1k | −$0.86 |
| EGI | $32.2k | $12.94 |
| − OpEx | −$9.7k | −$3.88 |
| NOI | $22.5k | $9.06 |
2,488 SF · lease $13.80/SF/yr · vacancy 6.24% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.9K
$281.7K – $375.6K
NOI $22,534 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$295.9K
$258.9K – $345.2K
NOI $20,712 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$655.6K
$573.7K – $764.9K
NOI $45,895 @ 7.0% cap · market cap 18.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Williams Painted Furniture
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-unit triplex with an electric-converted garage outbuilding for flexible income or storage use.
Where is this triplex located?
The property is located at 8 Clinton Street New York Mills, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three residential units plus a converted garage with electricity (former location of a furniture refinishing & retail shop); Multiple bedrooms and bathrooms with basement included (listed rooms: Bedrooms 1–5 and Bathrooms 1–3); Deck/patio features and fireplace present
