Mixed-Use Residential Income
267 Margaret Street Plattsburgh, NY 12901
New
For Sale
$649,900
COMMERCIAL - Plattsburgh, NY
Property Size6,538 SF
Lot Size0.98 Acres
Price / SF$99.40
Days on Market2
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
- Appliances
- Dishwasher, Range, Refrigerator
- Standard status
- Active
- APN
- 207.11-4-15
- Size
- 6,538 SF
- Lot size
- 0.98 Acres
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
- Tile, Vinyl, Carpet
- 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
Last Checked: Jul 24 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property features three fully remodeled apartments and commercial space. The apartments are rented, providing immediate rental income, and the commercial component offers additional rental opportunity. All three apartments are the same.
The property sits on a large lot, offering room for future development or expansion of the existing development, subject to local zoning and approvals. The site size and current configuration support continued growth of the rental operation.
The building comprises residential income and commercial space within a single property, making it suitable for ownership that combines multiple streams of rental revenue.
The property sits on a large lot, offering room for future development or expansion of the existing development, subject to local zoning and approvals. The site size and current configuration support continued growth of the rental operation.
The building comprises residential income and commercial space within a single property, making it suitable for ownership that combines multiple streams of rental revenue.
Key Highlights
- Mixed‑use property with three fully remodeled apartments plus commercial space
- Apartments are rented, providing immediate rental income
- Commercial space provides an additional income stream
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.3k | $13.20 |
| − Vacancy | −$6.6k | −$1.00 |
| EGI | $79.7k | $12.20 |
| − OpEx | −$23.9k | −$3.66 |
| NOI | $55.8k | $8.54 |
6,538 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$797.4K
$697.8K – $930.3K
NOI $55,820 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$708.9K
$620.3K – $827.1K
NOI $49,623 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,157 @ 7.0% cap · market cap 19.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grizzle's
Electronics & Wireless Store
FAQs
What type of property is this?
Triplex - Well-maintained property includes three fully remodeled apartments and commercial space on a large lot.
Where is this triplex located?
The property is located at 267 Margaret Street Plattsburgh, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Mixed‑use property with three fully remodeled apartments plus commercial space; Apartments are rented, providing immediate rental income; Commercial space provides an additional income stream
