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Charming Victorian Two-Unit Rental

22 Spring St Norwood, NY 13668

22 Spring St, Norwood, NY, 13668

$129,000

For Sale

$129,000

MULTI_FAMILY - Norwood, NY

Property Size1,988 SF

Price / SF$64.89

AddedOct 23, 2025

Days on Market267

Last RefreshJul 16 at 11:06 am

Property Features for 22 Spring St

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Kitchen
Patio and Porch features: Porch
Exterior features: Balcony, Covered porch
Standard status: Active
APN: 42.073-4-29
Size: 1,988 SF

Taxes and HOA fees

Tax Annual Amount: 4061

Utilities

Utilities: Cable Available
Water source: Public

Building Details

Year built: 1870
Floors in Building: 2
Number of units: 2
Flooring type: Hardwood
Building materials: Wood siding
Roof type: Shingle

Listing agent Amanda Fiacco License #10491212047

Listing office Fiacco Realty, LLC 6603 State Highway 56, Potsdam, NY

Listing date Oct 23, 2025

MLS# 52078 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 Victorian two-unit property, located near Potsdam, Canton, Madrid, and Winthrop, presents an investment opportunity with rental income potential or the option for owner-occupancy. The first-floor unit features 2 bedrooms, 1 bathroom, hardwood floors, tall ceilings, an enclosed front porch, and a covered front porch. The second-floor unit also offers 2 bedrooms and 1 bathroom, a kitchen with hickory cabinets, and a covered balcony. The property includes a natural gas furnace and natural gas hot water heater for efficient heating. The building has a total size of 1988 square feet.

Key Highlights

Charming Victorian 2‑unit rental built in 1870
Each unit offers 2 bedrooms and 1 bathroom
Hardwood floors and tall ceilings in the first‑floor unit

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.4k	$9.24
− Vacancy	−$3.9k	−$1.94
EGI	$14.5k	$7.30
− OpEx	−$4.4k	−$2.19
NOI	$10.2k	$5.11

1,988 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$145.1K

$127.0K – $169.3K (±1% cap)

NOI $10,158 @ 7.0% cap · market cap 7.87%

Second Best

Apartment 5plus

$132.9K

$116.3K – $155.0K (±1% cap)

NOI $9,301 @ 7.0% cap · market cap 7.21%

Theoretical Best

Office A

$493.2K

$431.6K – $575.4K (±1% cap)

NOI $34,524 @ 7.0% cap · market cap 26.76%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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For sale
Duplexes
NY
Norwood
13668
22 Spring St

What type of property is this?

Duplex - Victorian two-unit with income potential near Potsdam and Canton.

Where is this duplex located?

The property is located at 22 Spring St Norwood, NY.

What is the asking price?

The asking price for this property is $129,000.

What are key features of this property?

This property features: Charming Victorian 2‑unit rental built in 1870; Each unit offers 2 bedrooms and 1 bathroom; Hardwood floors and tall ceilings in the first‑floor unit