Two-Unit Duplex with Updated
For Sale
$164,500
21 South Main St, Norfolk, NY 13667
Two apartments offer distinct layouts, with laundry areas in both units and shared enclosed porch space.
Property Size2,205 SF
Price / SF$74.60
Days on Market156
Property Features for 21 South Main St
General Information
Standard status
Active
Size
2,205 SF
Property subtype
Multi Family Home
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Building Details
Building Size
2,205 SF
Year Built
1938
Buildings
1
Stories
2
Units
2
Listing Agency:
Fiacco Realty, LLC
(315) 854-7529
Listed By:
Amanda Fiacco · License #10491212047
(315) 261-9809
Source:
Kassianrealestate
Added: May 28
Changed: Oct 26
Last Checked: Oct 29 at 10:03PM
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 Fiacco Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,205-square-foot duplex in Norfolk contains two apartments with separate kitchens and laundry areas. The larger unit has three upstairs bedrooms, a main-floor bathroom, living and sitting rooms, an eat-in kitchen, and additional downstairs rooms. The smaller apartment includes a dining room, living room, kitchen, one upstairs bedroom, and a full bathroom. Both units use a large enclosed front porch, and the larger apartment also has an enclosed back porch. A detached one-car garage, paved driveway, and insulated shed with a heater add exterior utility; the shed needs a propane tank, and a generator is negotiable.
Updates include a roof installed in 2021, a boiler and domestic water heater installed in 2025, and 200-amp electrical service. A generator hookup is present. The property is described as close to Norwood, Potsdam, Madrid, Raymondville, and Canton, with restaurants and shopping nearby.
Updates include a roof installed in 2021, a boiler and domestic water heater installed in 2025, and 200-amp electrical service. A generator hookup is present. The property is described as close to Norwood, Potsdam, Madrid, Raymondville, and Canton, with restaurants and shopping nearby.
Key Highlights
- Two‑apartment duplex with 2,205 square feet
- Larger apartment has three upstairs bedrooms; smaller apartment has one
- Roof replaced in 2021; boiler and domestic water heater installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,267
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,340
$225.3K
Cap Rate 7%
$160,957
$161.0K
Cap Rate 9%
$125,189
$125.2K
Market Conditions
NOI Build-Up for 2,205 SF
Gross rent
$20.4K $9.24/SF
− Vacancy
−$4.3K −$1.94/SF
EGI
$16.1K $7.30/SF
− OpEx
−$4.8K −$2.19/SF
NOI
$11.3K $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%
$225,340
Cap Rate 7%
$160,957
Cap Rate 9%
$125,189
Alternative Uses
Best Use
Multifamily LT 5
$161.0K
$140.8K – $187.8K
NOI $11,267 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$147.4K
$129.0K – $171.9K
NOI $10,316 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$547.0K
$478.7K – $638.2K
NOI $38,293 @ 7.0% cap · market cap 23.28%
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
68
Businesses Nearby
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Business Placement
Demographics for 13667, NY
3,217
Population
1,597
Households
2
Avg Household Size
44
Median Age
12%
College-Educated
83%
High-School Grad
47.0 sq mi
ZIP Area
68
Density / Sq Mi
$57,114
Median Household Income
$41,341
Median Earnings
$790
Median Rent
$111,400
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 distinct layouts, with laundry areas in both units and shared enclosed porch space.
Where is this duplex located?
The property is located at 21 South Main St Norfolk, NY.
What is the asking price?
The asking price for this property is $164,500.
What are key features of this property?
This property features: Two‑apartment duplex with 2,205 square feet; Larger apartment has three upstairs bedrooms; smaller apartment has one; Roof replaced in 2021; boiler and domestic water heater installed in 2025
