Mixed-Use Property with Commercial
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 Market92
Property Features for 267 Margaret Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Laundry Room
Parking features
Parking Lot, Driveway
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
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, Tile, Carpet
Building materials
Brick, Metal Siding, Wood Siding
Roof type
Metal, Asphalt
Listing Agency:
REMAX North Country
(518) 563-1200
Listed By:
Kathy Bennett
(518) 569-5959
Added: Jul 23
Changed: Oct 18
Last Checked: Oct 22 at 7:06PM
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.
At 267 Margaret Street, this 6,538-square-foot mixed-use property combines three remodeled apartments with commercial space. The apartments have matching layouts, and each is currently rented. Interior features include eat-in kitchens, ceiling fans, and laundry space; appliances include a dishwasher, range, and refrigerator. The building dates to 1960 and has commercial zoning.
The property occupies a 0.98-acre lot. Public water and sewer serve the site, and parking is available by lot and driveway. The commercial area is an additional component of the existing mixed-use configuration.
The property occupies a 0.98-acre lot. Public water and sewer serve the site, and parking is available by lot and driveway. The commercial area is an additional component of the existing mixed-use configuration.
Key Highlights
- 6,538‑square‑foot mixed‑use property
- Three remodeled apartments with matching layouts; all are rented
- Commercial space within the building
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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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 remodeled apartments share the building with a separate commercial area.
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: 6,538‑square‑foot mixed‑use property; Three remodeled apartments with matching layouts; all are rented; Commercial space within the building
