Three-Unit
25 Spruce Street, Champlain, NY 12919
For Sale
$235,000
Residential Income, Champlain, NY
Property Size1,678 SF
Lot Size0.47 Acres
Price / SF$140.05
Days on Market140
Property Features for 25 Spruce Street
General Information
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Parking features
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Basement
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Elementary school district
Middle school district
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Directions
Subdivision
Standard status
APN
Size
Lot size
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Building Details
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Listing Agency:
Ridgeline Realty Group
(518) 564-0206
Listed By:
Amy Provost
(518) 569-5347
Added: Jun 25
Changed: Oct 29
Last Checked: Nov 11 at 6:06AM
MLS# 207659
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 triplex contains three distinct apartments within a 1,678-square-foot property. Unit A spans the upper and lower levels with three bedrooms and one bathroom. Unit B occupies the main floor with two bedrooms and one bathroom, while Unit C is an upstairs one-bedroom, one-bath apartment. Interior finishes include laminate, linoleum, and carpet flooring, with range and refrigerator appliances provided.
Built in 1890, the property sits on 0.47 acres at 25 Spruce Street in Champlain, NY. Shopping, schools, restaurants, and I-87 are located just minutes away. The property has vinyl siding, a metal roof, hot-water heating fueled by natural gas, a driveway, public water, and public sewer.
Built in 1890, the property sits on 0.47 acres at 25 Spruce Street in Champlain, NY. Shopping, schools, restaurants, and I-87 are located just minutes away. The property has vinyl siding, a metal roof, hot-water heating fueled by natural gas, a driveway, public water, and public sewer.
Key Highlights
- Three separate apartments: 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts
- Unit A includes 3 bedrooms and 1 bath across upstairs and downstairs levels
- Unit B offers 2 bedrooms and 1 bath on the main level
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.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property includes three separate apartments with a mix of one-, two-, and three-bedroom layouts.
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: Three separate apartments: 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts; Unit A includes 3 bedrooms and 1 bath across upstairs and downstairs levels; Unit B offers 2 bedrooms and 1 bath on the main level
