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Potsdam Multifamily Property with Suites

105 Market Potsdam, NY 13676

105 Market, Potsdam, NY, 13676
$299,000
For Sale
Claim this Listing
$299,000

MULTI_FAMILY - Potsdam, NY

Property Size2,144 SF
Price / SF$139.46
AddedOct 22, 2024
Days on Market632
Last RefreshJul 15 at 7:06 pm

Property Features for 105 Market

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
Patio and Porch features
Porch
Exterior features
Covered porch
Standard status
Active
APN
64.050-3-19
Size
2,144 SF

Taxes and HOA fees

Tax Annual Amount
5277

Utilities

Utilities
Cable Available
Water source
Public

Building Details

Year built
1900
Floors in Building
2
Number of units
4
Building materials
Vinyl siding
Roof type
Metal

Listing agent Nikki Coates License #10491202119

Listing office Nikki Coates & Associates LLC 30 Main St., Potsdam, NY

Listing date Oct 22, 2024

MLS# 50569 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.


Investment Insights

Based on property information with market context.

This multifamily property in Potsdam, New York, features four private suites, each including a bedroom, sitting area with wall-mount TV, and ensuite full bath. A shared kitchen, gathering space, and laundry facilities are also available. The building underwent a complete renovation 2-3 years ago, effectively giving the house a year built of 2021. The property includes gas heating, on-demand hot water, and excellent finishes throughout. There is also plenty of parking available. The property is conveniently located close to the hospital, shopping, downtown area, and universities. The building has a total area of 2144 square feet. This property is suitable for locums and graduate students.

Key Highlights

  • Renovated rental building with 4 private suites, each with a bedroom and an ensuite full bath
  • Gutted and redesigned renovation with an effective year built of 2021
  • Gas heating plus on‑demand hot water

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 $19.8k $9.24
− Vacancy −$4.2k −$1.94
EGI $15.7k $7.30
− OpEx −$4.7k −$2.19
NOI $11.0k $5.11
2,144 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$156.5K
$136.9K – $182.6K (±1% cap)
NOI $10,955 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$143.3K
$125.4K – $167.2K (±1% cap)
NOI $10,031 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$531.9K
$465.4K – $620.6K (±1% cap)
NOI $37,234 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Daycare Center Barber Shop (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Bakery (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Quadplex - Renovated multifamily property with four private suites in Potsdam.
Where is this quadplex located?
The property is located at 105 Market Potsdam, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Renovated rental building with 4 private suites, each with a bedroom and an ensuite full bath; Gutted and redesigned renovation with an effective year built of 2021; Gas heating plus on‑demand hot water
Contact an agent
More about this property
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