25 Spruce Street, Champlain, NY 12919
For Sale
$235,000
Three residences offer a mix of one-, two-, and three-bedroom layouts, with a main-floor apartment and two upstairs units.
Property Size1,678 SF
Price / SF$140.05
Days on Market135
Property Features for 25 Spruce Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Ridgeline Realty Group
(518) 564-0206
Listed By:
Amy Provost
(518) 569-5347
Source:
Homerootsrealty
Added: Jun 25
Changed: Nov 2
Last Checked: Nov 6 at 3:23AM
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 Ridgeline Realty Group
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Investment Insights
Based on property information with market context.
This 1,678-square-foot triplex, built in 1890, contains three apartments. Unit A spans the upper and lower floors and has three bedrooms and one bathroom. Unit B is on the main level with two bedrooms and one bathroom; Unit C is upstairs with one bedroom and one bathroom.
The property is in Champlain, minutes from shopping, schools, restaurants, and I-87.
The property is in Champlain, minutes from shopping, schools, restaurants, and I-87.
Key Highlights
- 1,678‑square‑foot triplex
- Three apartments: one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom unit; each has 1 bathroom
- Unit A spans the upstairs and downstairs; Unit B is on the main level; Unit C is upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,326
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,520
$286.5K
Cap Rate 7%
$204,657
$204.7K
Cap Rate 9%
$159,178
$159.2K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$22.1K $13.20/SF
− Vacancy
−$1.7K −$1.00/SF
EGI
$20.5K $12.20/SF
− OpEx
−$6.1K −$3.66/SF
NOI
$14.3K $8.54/SF
Area
Clinton County, NY
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,520
Cap Rate 7%
$204,657
Cap Rate 9%
$159,178
Alternative Uses
Best Use
Multifamily LT 5
$204.7K
$179.1K – $238.8K
NOI $14,326 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$181.9K
$159.2K – $212.3K
NOI $12,736 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$462.6K
$404.7K – $539.7K
NOI $32,379 @ 7.0% cap · market cap 13.78%
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
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
Business Placement
Demographics for 12919, NY
3,011
Population
1,262
Households
2.4
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
37.4 sq mi
ZIP Area
81
Density / Sq Mi
$77,072
Median Household Income
$40,457
Median Earnings
$1,032
Median Rent
$170,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer a mix of one-, two-, and three-bedroom layouts, with a main-floor apartment and two upstairs units.
Where is this triplex located?
The property is located at 25 Spruce Street Champlain, NY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,678‑square‑foot triplex; Three apartments: one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom unit; each has 1 bathroom; Unit A spans the upstairs and downstairs; Unit B is on the main level; Unit C is upstairs
