Building Details

Year built 1900

Floors in Building 2

Number of units 2

Flooring type Laminate

Building materials Vinyl siding

Roof type Metal

Architectural style Other

Listing Agency: Fiacco Realty, LLC Show Phone

Listed By: Amanda Fiacco · License #10491212047 Show Phone

Added: Sep 13 Changed: Oct 29 Last Checked: Oct 30 at 4:06PM

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MLS# 53385

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.

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Investment Insights

Based on property information with market context.

This 1,200-square-foot, two-story duplex contains two matching one-bedroom, one-bath apartments. Each unit includes an open living room and kitchen arrangement, while the building provides off-street parking. The property was built in 1900 and has vinyl siding, laminate flooring, a metal roof, public water, and cable availability.

Extensive updates include spray-foam insulation, a new roof, siding, windows, flooring, appliances, wiring, plumbing, water heaters, natural gas wall heaters, kitchens, and bathrooms. Each apartment has separate gas and electric metering, with tenants responsible for their own natural gas and electric bills. The property is in Norwood, near Potsdam, Canton, and Hannawa, with restaurants, stores, and shops nearby.

Key Highlights

• Two‑unit duplex with 1,200 square feet of total property size
• Each unit includes 1 bedroom and 1 bathroom
• Separate gas and electric meters for each apartment

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 - Both apartments offer open layouts, private utility meters, and one bedroom with one bathroom.

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‑unit duplex with 1,200 square feet of total property size; Each unit includes 1 bedroom and 1 bathroom; Separate gas and electric meters for each apartment