Remodeled Duplex With In-Unit
For Sale
$120,000
27 27 1/2 W Main St, Norfolk, NY 13667
MULTI_FAMILY - Norfolk, NY
Property Size1,250 SF
Price / SF$96
Days on Market8
Property Features for 27 27 1/2 W Main St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
220
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking
4
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Covered porch
Directions
Traveling south on 56 from Massena to Potsdam, once in Norfolk, turn right onto W Main St. The property will be on the left and have a for sale sign.
Subdivision
ST LAWRENCE
Standard status
Active
APN
32.058-3-17
Size
1,250 SF
Taxes and HOA fees
Tax Annual Amount
1818
Utilities
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl, Carpet
Building materials
Vinyl siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
King Realty NNY
(315) 355-7455
Listed By:
Taylor Harper · License #10371201989
(315) 212-6700
Added: Jul 24
Last Checked: Jul 31 at 5:06AM
MLS# 53121
Copyright © 2026 St. Lawrence Board of Realtors. 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 turnkey remodeled duplex includes two separate apartments, each offering 2 bedrooms and 1 full bathroom. Both units have in-unit laundry, and the sale includes all appliances. The first-floor unit is owner-occupied and includes select furnishings, along with a covered front porch. The second-floor unit is occupied by a long-term tenant, providing immediate rental income.
Located in the Village of Norfolk, the property offers convenient access to local shops, restaurants, schools, and area amenities. Zoning is listed as 220.
The tenant in the second-floor unit is responsible for their own electric and natural gas utilities, helping limit the landlord’s utility expense profile. With a functional two-unit layout and modern updates already in place, the property is set up for either owner-occupancy with rental support or continued use as a duplex income property.
Located in the Village of Norfolk, the property offers convenient access to local shops, restaurants, schools, and area amenities. Zoning is listed as 220.
The tenant in the second-floor unit is responsible for their own electric and natural gas utilities, helping limit the landlord’s utility expense profile. With a functional two-unit layout and modern updates already in place, the property is set up for either owner-occupancy with rental support or continued use as a duplex income property.
Key Highlights
- Two‑unit duplex built in 1880 with vinyl siding and a shingle roof
- Each unit has 2 bedrooms and 1 full bathroom, plus in‑unit laundry
- All appliances included with the sale; first‑floor unit includes select furnishings
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 | $11.6k | $9.24 |
| − Vacancy | −$2.4k | −$1.94 |
| EGI | $9.1k | $7.30 |
| − OpEx | −$2.7k | −$2.19 |
| NOI | $6.4k | $5.11 |
1,250 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$91.2K
$79.8K – $106.5K
NOI $6,387 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$83.5K
$73.1K – $97.5K
NOI $5,848 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$310.1K
$271.4K – $361.8K
NOI $21,708 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 13667, NY
3,217
Population
1,597
Households
2
Avg Household Size
44
Median Age
12%
College-Educated
83%
High-School Grad
47.0 sq mi
ZIP Area
68
Density / Sq Mi
$57,114
Median Household Income
$41,341
Median Earnings
$790
Median Rent
$111,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two fully remodeled apartments each feature 2 bedrooms, 1 full bath, and in-unit laundry, with appliances included.
Where is this duplex located?
The property is located at 27 27 1/2 W Main St Norfolk, NY.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1880 with vinyl siding and a shingle roof; Each unit has 2 bedrooms and 1 full bathroom, plus in‑unit laundry; All appliances included with the sale; first‑floor unit includes select furnishings
