Norwood Multifamily Income
For Sale
$135,000
31 Park St, Norwood, NY 13668
MULTI_FAMILY - Norwood, NY
Property Size2,032 SF
Price / SF$66.44
Days on Market234
Property Features for 31 Park St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 3
Patio and Porch features
Porch, Deck
Exterior features
Covered porch, Deck
Directions
From Potsdam, take State Highway 56 to Norwood, take a left onto Park Street, then veer right to stay on Park Street and the home is on the left side of the road.
Subdivision
ST LAWRENCE
Standard status
Active
APN
42.073-4-25
Size
2,032 SF
Taxes and HOA fees
Tax Annual Amount
3273
Utilities
Utilities
Cable Available
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Laminate
Building materials
Vinyl siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Fiacco Realty, LLC
(315) 854-7529
Listed By:
Amanda Fiacco · License #10491212047
(315) 261-9809
Added: Dec 9, 2025
Changed: Jul 4
Last Checked: Jul 31 at 4:06AM
MLS# 52224
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 property features two apartments, each with 2 bedrooms and 1.5 bathrooms. Both units include a covered front porch and a covered back deck. One unit has been fully remodeled with new appliances, while the other is in good condition. Tenants are already in place, providing immediate income. Each apartment has its own washer/dryer hookups located in the basement; one set conveys with the home. Both units are equipped with their own forced-air natural gas furnace, each less than 5 years old, as well as separate natural gas water heaters. The property includes a large yard. Located near Potsdam, Canton, Norfolk, and Madrid, this property is suitable for investors or owner-occupants. The property size is 2032 square feet.
Key Highlights
- Two apartments on one property, each with 2 bedrooms and 1.5 bathrooms
- Covered front porch and covered back deck for each unit
- One unit fully remodeled with new appliances; the other is in great condition
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 | $18.8k | $9.24 |
| − Vacancy | −$3.9k | −$1.94 |
| EGI | $14.8k | $7.30 |
| − OpEx | −$4.4k | −$2.19 |
| NOI | $10.4k | $5.11 |
2,032 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$148.3K
$129.8K – $173.1K
NOI $10,383 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$135.8K
$118.8K – $158.5K
NOI $9,507 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$504.1K
$441.1K – $588.2K
NOI $35,289 @ 7.0% cap · market cap 26.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 13668, NY
3,248
Population
1,494
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
88
Density / Sq Mi
$78,286
Median Household Income
$47,527
Median Earnings
$872
Median Rent
$119,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with immediate income potential near Potsdam and Canton.
Where is this duplex located?
The property is located at 31 Park St Norwood, NY.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Two apartments on one property, each with 2 bedrooms and 1.5 bathrooms; Covered front porch and covered back deck for each unit; One unit fully remodeled with new appliances; the other is in great condition
