Four-Unit Quadplex with
New
For Sale
$899,000
3 5th Street, Corinth, NY 12822
MultiFamily, Corinth, NY
Property Size4,684 SF
Lot Size0.45 Acres
Price / SF$191.93
Days on Market2
Property Features for 3 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 7
Parking
8
Patio and Porch features
Deck, Porch
Lot features
Landscaped
Elementary school
Corinth
High school
Corinth
Elementary school district
Corinth
Middle school district
Corinth
High school district
Corinth
Directions
Palmer Ave to 5th St home on left
Standard status
Active
APN
412601 74.21-1-20
Size
4,684 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Annual Amount
5000
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
washer/dryer hookup
covered front deck
Building Details
Year built
1860
Number of units
5
Flooring type
Laminate, Tile
Building materials
Vinyl Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
Brokers Network
(518) 952-0665
Listed By:
Dun Zhuo Zheng · License #10401235201
(518) 292-8817
Added: Oct 4
Last Checked: Oct 5 at 7:06AM
MLS# 202627537
Copyright © 2026 Global MLS, Inc. 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 4,684-square-foot quadplex contains four two-bedroom residences, each with a full bath, washer and dryer hookups, and a covered front deck. The property was remodeled in 2022, has laminate and tile flooring, and is served by public water and sewer. Electric heat and a metal roof are also present.
The sale includes a second parcel at 5 5th Street with a 20-bay garage. The property occupies 0.45 acres, and all four residential units are rented.
The sale includes a second parcel at 5 5th Street with a 20-bay garage. The property occupies 0.45 acres, and all four residential units are rented.
Key Highlights
- Four residential units, each with two bedrooms and a full bath
- 4,684 square feet on 0.45 acres
- Second parcel at 5 5th Street includes a 20‑bay garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,514
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,280
$1.4M
Cap Rate 7%
$993,057
$993.1K
Cap Rate 9%
$772,378
$772.4K
Market Conditions
NOI Build-Up for 4,684 SF
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.
Gross rent
$104.0K $22.20/SF
− Vacancy
−$4.7K −$1.00/SF
EGI
$99.3K $21.20/SF
− OpEx
−$29.8K −$6.36/SF
NOI
$69.5K $14.84/SF
Area
Saratoga County, NY
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,390,280
Cap Rate 7%
$993,057
Cap Rate 9%
$772,378
Alternative Uses
Best Use
Multifamily LT 5
$993.1K
$868.9K – $1.16M
NOI $69,514 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$888.5K
$777.4K – $1.04M
NOI $62,194 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,139 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 12822, NY
6,282
Population
3,246
Households
1.9
Avg Household Size
42
Median Age
15%
College-Educated
91%
High-School Grad
67.8 sq mi
ZIP Area
93
Density / Sq Mi
$80,000
Median Household Income
$44,704
Median Earnings
$971
Median Rent
$187,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, a full bath, laundry hookups, and a covered front deck.
Where is this quadplex located?
The property is located at 3 5th Street Corinth, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four residential units, each with two bedrooms and a full bath; 4,684 square feet on 0.45 acres; Second parcel at 5 5th Street includes a 20‑bay garage
