Six-Unit Apartment
New
For Sale
$675,000
224 Salmon River Road, Plattsburgh, NY 12901
Commercial Sale, Plattsburgh, NY
Property Size6,500 SF
Lot Size1.10 Acres
Price / SF$103.85
Days on Market2
Property Features for 224 Salmon River Road
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Apartment
Exterior features
Storage
Appliances
Free-Standing Electric Oven, Free-Standing Refrigerator, Microwave
Elementary school district
Peru
Middle school district
Peru
High school district
Peru
Directions
Utilize GPS. See Sign. 224 Salmon River Rd
Subdivision
Plattsburgh, Beekmantown
Standard status
Active
APN
245.-3-1.1
Size
6,500 SF
Lot size
1.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
10659
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Oil
Water source
Well
Building Details
Year built
1975
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Fesette Realty, LLC
(518) 324-4500
Listed By:
Casey Bezio
(518) 565-7443
Added: Oct 27
Last Checked: Oct 28 at 2:06PM
MLS# 208676
Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,500-square-foot apartment property contains six units on a 1.1-acre parcel. Four apartments span two levels, while the other two are single-level; all six have two bedrooms and one bathroom. The property was built in 1975 and is fully occupied.
Vinyl siding and a shingle roof complete the exterior. Each apartment is equipped with a free-standing electric oven, refrigerator, and microwave. Water is supplied by a well, with a septic tank for wastewater; water is also listed as available.
Vinyl siding and a shingle roof complete the exterior. Each apartment is equipped with a free-standing electric oven, refrigerator, and microwave. Water is supplied by a well, with a septic tank for wastewater; water is also listed as available.
Key Highlights
- Six apartments totaling 6,500 square feet on 1.1 acres
- All six apartments have two bedrooms and one bathroom
- Four apartments are two‑story; two are single‑level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,335
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,700
$986.7K
Cap Rate 7%
$704,786
$704.8K
Cap Rate 9%
$548,167
$548.2K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$97.5K $15.00/SF
− Vacancy
−$7.8K −$1.20/SF
EGI
$89.7K $13.80/SF
− OpEx
−$40.4K −$6.21/SF
NOI
$49.3K $7.59/SF
Area
Clinton County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,700
Cap Rate 7%
$704,786
Cap Rate 9%
$548,167
Alternative Uses
Best Use
Apartment 5plus
$704.8K
$616.7K – $822.3K
NOI $49,335 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,424 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 12901, NY
32,147
Population
15,426
Households
2.1
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
70.6 sq mi
ZIP Area
455
Density / Sq Mi
$59,413
Median Household Income
$35,385
Median Earnings
$957
Median Rent
$182,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments include both two-story and single-level layouts, with two bedrooms and one bathroom in each unit.
Where is this apartment building located?
The property is located at 224 Salmon River Road Plattsburgh, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Six apartments totaling 6,500 square feet on 1.1 acres; All six apartments have two bedrooms and one bathroom; Four apartments are two‑story; two are single‑level
