Mixed-Use Property with
For Sale
$599,999
267 Margaret Street, Plattsburgh, NY 12901
Commercial Sale, Plattsburgh, NY
Property Size6,538 SF
Lot Size0.98 Acres
Price / SF$91.77
Days on Market107
Property Features for 267 Margaret Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Laundry Room
Parking features
Driveway, Parking Lot
Interior features
Ceiling Fan(s), Eat-in Kitchen
Fencing
Chain Link
Appliances
Dishwasher, Range, Refrigerator
Elementary school district
Plattsburgh
Middle school district
Plattsburgh
High school district
Plattsburgh
Directions
Located just North of Elm Street
Subdivision
City of Plattsburgh
Standard status
Active
APN
207.11-4-15
Size
6,538 SF
Lot size
0.98 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
9436
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Brick, Metal Siding, Wood Siding
Roof type
Asphalt, Metal
Listing Agency:
REMAX North Country
(518) 563-1200
Listed By:
Kathy Bennett · License #30BEC514887
(518) 569-5959
Added: Jul 23
Changed: Oct 30
Last Checked: Nov 6 at 12:06PM
MLS# 207947
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 6,538-square-foot mixed-use property includes three remodeled apartments, all with the same layout, and a commercial space. The apartments are rented. A Fujitsu mini-split system for heating and cooling was installed in the commercial area in 2026.
The property occupies 0.98 acres. The lot may accommodate additional apartments or an expansion of the existing development, subject to local zoning and approvals. Public water and public sewer serve the property.
The property occupies 0.98 acres. The lot may accommodate additional apartments or an expansion of the existing development, subject to local zoning and approvals. Public water and public sewer serve the property.
Key Highlights
- Three remodeled apartments, all with the same layout
- Apartments are rented
- 6,538 square feet of mixed‑use space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,623
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,460
$992.5K
Cap Rate 7%
$708,900
$708.9K
Cap Rate 9%
$551,367
$551.4K
Market Conditions
NOI Build-Up for 6,538 SF
Gross rent
$98.1K $15.00/SF
− Vacancy
−$7.8K −$1.20/SF
EGI
$90.2K $13.80/SF
− OpEx
−$40.6K −$6.21/SF
NOI
$49.6K $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%
$992,460
Cap Rate 7%
$708,900
Cap Rate 9%
$551,367
Alternative Uses
Best Use
Mixed Use
$966.7K
$845.9K – $1.13M
NOI $67,668 @ 7.0% cap · market cap 11.28%
Second Best
Apartment 5plus
$708.9K
$620.3K – $827.1K
NOI $49,623 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,157 @ 7.0% cap · market cap 21.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
933
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied apartments accompany a commercial area on a sizable parcel with expansion potential subject to local approvals.
Where is this mixed-use property located?
The property is located at 267 Margaret Street Plattsburgh, NY.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Three remodeled apartments, all with the same layout; Apartments are rented; 6,538 square feet of mixed‑use space
