4-Unit Multifamily
New
For Sale
$174,000
281 E Main St., Gouverneur, NY 13642
MULTIFAMILY, Four-plex, Gouverneur, NY
Property Size2,548 SF
Price / SF$68.29
Days on Market4
Property Features for 281 E Main St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1
Parking
5
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Enclosed porch
Directions
From Canton, take Route 11 to Gouverneur. The property is on the right, past Price Chopper, before you get to Stewarts on the left.
Subdivision
ST LAWRENCE
Standard status
Active
APN
173.025-8-23.1
Size
2,548 SF
Taxes and HOA fees
Tax Annual Amount
3411
Utilities
Utilities
Cable Available
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Carpet, Vinyl
Building materials
Cedar/redwood siding, Vinyl siding
Roof type
Metal
Architectural style
Other
Listing Agency:
County Seat Realty
(315) 386-5400
Listed By:
Brittany Matott
(315) 323-9404
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 11:06PM
MLS# 53531
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.
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Investment Insights
Based on property information with market context.
The 2,548-square-foot property, built in 1900, contains four residential units across a main house and a separate building. Two units occupy the first floor of the house, and another is upstairs. The detached unit has a living room and kitchen on its lower level, with a bedroom and bathroom above. An enclosed porch serves the upstairs unit in the main house, and a large attic offers additional space. Two units are currently vacant.
Each unit has its own heat source. The main unit has a natural gas forced-air furnace; the other units use gas-monitor heaters. The house has a metal roof that is approximately 10 years old, and a storage shed is included. Water is supplied by the public system, and cable is available.
Each unit has its own heat source. The main unit has a natural gas forced-air furnace; the other units use gas-monitor heaters. The house has a metal roof that is approximately 10 years old, and a storage shed is included. Water is supplied by the public system, and cable is available.
Key Highlights
- Four residential units in a 2,548‑square‑foot property
- One unit is in a separate building with living space downstairs and bedroom and bathroom upstairs
- Two units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,020
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,400
$260.4K
Cap Rate 7%
$186,000
$186.0K
Cap Rate 9%
$144,667
$144.7K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$23.5K $9.24/SF
− Vacancy
−$4.9K −$1.94/SF
EGI
$18.6K $7.30/SF
− OpEx
−$5.6K −$2.19/SF
NOI
$13.0K $5.11/SF
Area
St. Lawrence County, NY
Vacancy
21.00%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,400
Cap Rate 7%
$186,000
Cap Rate 9%
$144,667
Alternative Uses
Best Use
Multifamily LT 5
$186.0K
$162.8K – $217.0K
NOI $13,020 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$170.3K
$149.0K – $198.7K
NOI $11,921 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$632.1K
$553.1K – $737.5K
NOI $44,250 @ 7.0% cap · market cap 25.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
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Business Placement
Demographics for 13642, NY
9,397
Population
4,214
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
84%
High-School Grad
189.1 sq mi
ZIP Area
50
Density / Sq Mi
$47,452
Median Household Income
$39,194
Median Earnings
$851
Median Rent
$116,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A separate building houses one unit, apart from the three units in the main residence.
Where is this multifamily property located?
The property is located at 281 E Main St. Gouverneur, NY.
What is the asking price?
The asking price for this property is $174,000.
What are key features of this property?
This property features: Four residential units in a 2,548‑square‑foot property; One unit is in a separate building with living space downstairs and bedroom and bathroom upstairs; Two units are currently vacant
