Four-Suite Multifamily
For Sale
$299,000
105 Market, Potsdam, NY 13676
Private rental suites pair with shared kitchen, gathering, and laundry areas in a extensively renovated building.
Property Size2,144 SF
Price / SF$139.46
Days on Market734
Property Features for 105 Market
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Multi Family Home
Building Details
Building Size
2,144 SF
Year Built
1900
Buildings
1
Stories
2
Units
4
Listing Agency:
Nikki Coates & Associates LLC
Listed By:
Nikki Coates · License #10491202119
(315) 265-4303
Source:
America1realty
Added: Oct 22, 2024
Changed: Oct 22
Last Checked: Oct 25 at 8:24AM
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 Nikki Coates & Associates LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains four private suites, each with a bedroom, sitting area, wall-mounted TV, and full ensuite bathroom. Residents share a kitchen, gathering area, and laundry facilities. The building underwent a complete interior renovation and redesign 2–3 years ago, resulting in an effective year built of 2021. Its total area is 2,144 square feet.
Gas heating and on-demand hot water serve the building, with parking available on site. The property is in Potsdam, close to a hospital, shopping, downtown, and universities.
Gas heating and on-demand hot water serve the building, with parking available on site. The property is in Potsdam, close to a hospital, shopping, downtown, and universities.
Key Highlights
- Four private suites, each with a bedroom, sitting area, wall‑mounted TV, and full ensuite bath
- Shared kitchen, gathering area, and laundry facilities
- 2,144 square feet; complete renovation and redesign 2–3 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,031
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,620
$200.6K
Cap Rate 7%
$143,300
$143.3K
Cap Rate 9%
$111,456
$111.5K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$23.4K $10.92/SF
− Vacancy
−$5.2K −$2.41/SF
EGI
$18.2K $8.51/SF
− OpEx
−$8.2K −$3.83/SF
NOI
$10.0K $4.68/SF
Area
St. Lawrence County, NY
Vacancy
22.10%
Lease Rate
$10.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,620
Cap Rate 7%
$143,300
Cap Rate 9%
$111,456
Alternative Uses
Best Use
Apartment 5plus
$143.3K
$125.4K – $167.2K
NOI $10,031 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$531.9K
$465.4K – $620.6K
NOI $37,234 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 13676, NY
13,211
Population
5,955
Households
2.2
Avg Household Size
32
Median Age
40%
College-Educated
94%
High-School Grad
159.7 sq mi
ZIP Area
83
Density / Sq Mi
$56,900
Median Household Income
$28,147
Median Earnings
$868
Median Rent
$148,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Private rental suites pair with shared kitchen, gathering, and laundry areas in a extensively renovated building.
Where is this multifamily property 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: Four private suites, each with a bedroom, sitting area, wall‑mounted TV, and full ensuite bath; Shared kitchen, gathering area, and laundry facilities; 2,144 square feet; complete renovation and redesign 2–3 years ago
