Building Details

Building Size 1,200 SF

Year Built 1900

Buildings 1

Stories 2

Units 2

Listing Agency: Fiacco Realty, LLC f***@gmail.com Show Phone

Listed By: Amanda Fiacco · License #10491212047 Show Phone

Source: Homerootsrealty

Added: Sep 13 Changed: Oct 26 Last Checked: Oct 29 at 10:54PM

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Investment Insights

Based on property information with market context.

This 1,200-square-foot duplex, built in 1900, contains two apartments, each with one bedroom, one bathroom, and an open living and kitchen area. Recent work includes a roof, siding, windows, flooring, wiring, plumbing, water heaters, appliances, kitchens, and bathrooms. Spray-foam insulation and natural gas wall heaters are also in place.

Each apartment has its own gas and electric meter, and tenants pay those utility bills. Off-street parking is available beside the building. The property is close to Potsdam, Canton, and Hannawa, with restaurants, stores, and shops nearby.

Key Highlights

• Two apartments, each with one bedroom and one bathroom
• 1,200 square feet; built in 1900
• Updates include roof, siding, windows, wiring, plumbing, appliances, kitchens, and bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,132

Cap Rate

5.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$122,640 $122.6K

Cap Rate 7%

$87,600 $87.6K

Cap Rate 9%

$68,133 $68.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$11.1K $9.24/SF

− Vacancy

−$2.3K −$1.94/SF

EGI

$8.8K $7.30/SF

− OpEx

−$2.6K −$2.19/SF

NOI

$6.1K $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%

$122,640

Cap Rate 7%

$87,600

Cap Rate 9%

$68,133

Alternative Uses

Best Use

Multifamily LT 5

$87.6K

$76.7K – $102.2K (±1% cap)

NOI $6,132 @ 7.0% cap · market cap 5.63%

Second Best

Apartment 5plus

$80.2K

$70.2K – $93.6K (±1% cap)

NOI $5,614 @ 7.0% cap · market cap 5.15%

Theoretical Best

Office A

$297.7K

$260.5K – $347.3K (±1% cap)

NOI $20,840 @ 7.0% cap · market cap 19.12%

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

Explore this area Business Placement

Demographics for 13668, NY

3,248

Population

1,494

Households

2.2

Avg Household Size

45

Median Age

24%

College-Educated

91%

High-School Grad

36.8 sq mi

ZIP Area

88

Density / Sq Mi

$78,286

Median Household Income

$47,527

Median Earnings

$872

Median Rent

$119,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two one-bedroom apartments feature open living and kitchen areas, with separate gas and electric meters for each residence.

Where is this duplex located?

The property is located at 25 Mechanic St Norwood, NY.

What is the asking price?

The asking price for this property is $109,000.

What are key features of this property?

This property features: Two apartments, each with one bedroom and one bathroom; 1,200 square feet; built in 1900; Updates include roof, siding, windows, wiring, plumbing, appliances, kitchens, and bathrooms