Updated Duplex with Two
For Sale
$234,900
10 N Main St, Carthage, NY 13619
Updated two-unit duplex designed for owner-occupants, with a vacant downstairs unit and income potential from the upstairs rental.
Property Size1,911 SF
Price / SF$122.92
Days on Market147
Property Features for 10 N Main St
General Information
Standard status
Active
Size
1,911 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1896
Tenancy
Multi
Listing Agency:
North Star Real Estate & Property Management
Listed By:
Teresa Caprara
(315) 777-4365
Source:
Skinnercnyrealty
Added: Jun 1
Changed: Oct 8
Last Checked: Oct 7 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Star Real Estate & Property Management
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Investment Insights
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This updated duplex offers two separate apartments and a practical split layout for owner-occupant or investor ownership. The downstairs unit includes two bedrooms and may be converted to a three-bedroom by adding a door. The upstairs unit also provides two bedrooms. Both units were extensively renovated a couple of years ago with fresh paint, luxury vinyl tile flooring, updated lighting, and ceiling fans throughout. The exterior was also painted as part of the renovations. Mechanical improvements include a newer roof with Owens Corning Lifetime architectural shingles, a high-efficiency natural gas boiler and new baseboard heating for the downstairs unit, and a separate hot water heating system for the upstairs unit.
The property is located in the Village of Carthage at 10 N Main St. Parking is available on both sides of the duplex, and there is a backyard with a storage shed. Nearby conveniences include shopping, restaurants, schools, and healthcare facilities, with Fort Drum airfield gate access described as just minutes away.
From a tenancy standpoint, the current vacant downstairs apartment is ready for immediate occupancy, while the upstairs unit is positioned to support rental income. Shared ownership can offer flexibility for households that want to live in one unit and rent the other, with updates to key interior finishes and building systems completed during the recent renovation period.
The property is located in the Village of Carthage at 10 N Main St. Parking is available on both sides of the duplex, and there is a backyard with a storage shed. Nearby conveniences include shopping, restaurants, schools, and healthcare facilities, with Fort Drum airfield gate access described as just minutes away.
From a tenancy standpoint, the current vacant downstairs apartment is ready for immediate occupancy, while the upstairs unit is positioned to support rental income. Shared ownership can offer flexibility for households that want to live in one unit and rent the other, with updates to key interior finishes and building systems completed during the recent renovation period.
Key Highlights
- Updated 2‑unit duplex (built 1896) with downstairs unit vacant and move‑in ready
- Downstairs unit: 2 bedrooms with possibility to convert to 3‑bedroom by adding a door
- Extensive renovations completed a couple of years ago: fresh paint, luxury vinyl tile flooring, updated lighting, and ceiling fans in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,734
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,680
$314.7K
Cap Rate 7%
$224,771
$224.8K
Cap Rate 9%
$174,822
$174.8K
Market Conditions
NOI Build-Up for 1,911 SF
Gross rent
$24.1K $12.60/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$22.5K $11.76/SF
− OpEx
−$6.7K −$3.53/SF
NOI
$15.7K $8.23/SF
Area
Jefferson County, NY
Vacancy
6.65%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,680
Cap Rate 7%
$224,771
Cap Rate 9%
$174,822
Alternative Uses
Best Use
Multifamily LT 5
$224.8K
$196.7K – $262.2K
NOI $15,734 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$201.1K
$176.0K – $234.6K
NOI $14,076 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$526.8K
$460.9K – $614.6K
NOI $36,875 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
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Business Placement
Demographics for 13619, NY
10,600
Population
4,649
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
112.7 sq mi
ZIP Area
94
Density / Sq Mi
$63,549
Median Household Income
$44,792
Median Earnings
$984
Median Rent
$171,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit duplex designed for owner-occupants, with a vacant downstairs unit and income potential from the upstairs rental.
Where is this duplex located?
The property is located at 10 N Main St Carthage, NY.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Updated 2‑unit duplex (built 1896) with downstairs unit vacant and move‑in ready; Downstairs unit: 2 bedrooms with possibility to convert to 3‑bedroom by adding a door; Extensive renovations completed a couple of years ago: fresh paint, luxury vinyl tile flooring, updated lighting, and ceiling fans in both units
