31 Park St, Norwood, NY 13668
- Added:
- Dec 9, 2025
- Days on Market:
- 187
- Last Refresh:
- Jun 14 at 6:06 am
Property Features for 31 Park St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 3
- Patio and Porch features
- Deck, Porch
- Exterior features
- Covered porch, Deck
- 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 agent Amanda Fiacco License #10491212047 (315) 261-9809
Listing office Fiacco Realty, LLC 6603 State Highway 56, Potsdam, NY (315) 854-7529
Listing date Dec 9, 2025
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.
HighLights
- Excellent income opportunity with two spacious apartments, both currently tenanted for immediate income.
- One unit is fully remodeled with new appliances.
- Each unit has its own covered front porch and covered back deck.
- Separate, newer (less than 5 years old) forced‑air natural gas furnaces and natural gas water heaters for each unit.
- Convenient location near Potsdam, Canton, Norfolk, and Madrid.
- Large yard suitable for gatherings or relaxation.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norwood
- County
- St. Lawrence
- State
- New York
- Longitude
- -74.998632
- Latitude
- 44.74802
