Updated Two-Unit
For Sale
$225,000
2047 River Rd., Potsdam, NY 13676
Two apartments offer separate porches, roomy living areas, and distinct bedroom and bathroom configurations.
Property Size2,739 SF
Price / SF$82.15
Days on Market111
Property Features for 2047 River Rd.
General Information
Standard status
Active
Size
2,739 SF
Property subtype
Multi Family Home
Units
Unit Mix
2BR/1BA, 4BR/2BA
Multifamily Units
2
Building Details
Building Size
2,739 SF
Year Built
1850
Stories
2
Units
2
Listing Agency:
Nikki Coates & Associates LLC
Listed By:
Nikki Coates · License #10491202119
(315) 265-4303
Source:
Homerootsrealty
Added: Jul 8
Changed: Oct 24
Last Checked: Oct 24 at 3:11PM
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
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Investment Insights
Based on property information with market context.
Built in 1850, this two-family duplex contains 2,739 square feet across two apartments. One unit has two bedrooms, a large bathroom, and laundry; the other includes four bedrooms and two full bathrooms. Both apartments have kitchens, living rooms, and separate porches. Kitchen and mechanical-system updates, along with a roof update, are noted. The property also has ample parking and a deep lot.
The property is in the Potsdam school district and is near Postwood Park and the beach.
The property is in the Potsdam school district and is near Postwood Park and the beach.
Key Highlights
- Two apartments totaling 2,739 square feet
- One unit has 2 bedrooms, a large bath, and laundry; the other has 4 bedrooms and 2 full baths
- Separate porches, kitchens, and living rooms for both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,996
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,920
$279.9K
Cap Rate 7%
$199,943
$199.9K
Cap Rate 9%
$155,511
$155.5K
Market Conditions
NOI Build-Up for 2,739 SF
Gross rent
$25.3K $9.24/SF
− Vacancy
−$5.3K −$1.94/SF
EGI
$20.0K $7.30/SF
− OpEx
−$6.0K −$2.19/SF
NOI
$14.0K $5.11/SF
Area
St. Lawrence County, NY
Vacancy
21.00%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,920
Cap Rate 7%
$199,943
Cap Rate 9%
$155,511
Alternative Uses
Best Use
Multifamily LT 5
$199.9K
$175.0K – $233.3K
NOI $13,996 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$183.1K
$160.2K – $213.6K
NOI $12,815 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$679.5K
$594.6K – $792.8K
NOI $47,567 @ 7.0% cap · market cap 21.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate porches, roomy living areas, and distinct bedroom and bathroom configurations.
Where is this duplex located?
The property is located at 2047 River Rd. Potsdam, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two apartments totaling 2,739 square feet; One unit has 2 bedrooms, a large bath, and laundry; the other has 4 bedrooms and 2 full baths; Separate porches, kitchens, and living rooms for both apartments
