Student Housing Triplex
31 William Street Plattsburgh, NY 12901
31 William Street, Plattsburgh, NY, 12901
$375,000
Pending
For Sale
$375,000
Pending
COMMERCIAL - Plattsburgh, NY
Property Size3,140 SF
Lot Size0.18 Acres
Days on Market51
Property Features for 31 William Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, Off Street
- Interior features
- Apartment
- Exterior features
- Balcony
- Basement
- Unfinished, Full
- Appliances
- Free-Standing Electric Range, Refrigerator
- Standard status
- Pending
- APN
- 207.19-5-16
- Size
- 3,140 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9280
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 2005
- Building materials
- Cement Siding
- Roof type
- Metal
Listing Agency
Century 21 The One
(518) 563-7350
438 Route 3, Suite 200, NY
Listed by
Patrick Holcombe
(518) 593-1111
Added: Jun 1 Updated: Jun 26 at 1:59 pm Checked: Jul 21 at 1:06 am
MLS# 207439
Copyright © 2026 Adirondack Champlain Valley MLS. 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 is a three-apartment triplex designed for student housing, with a total of 10 bedrooms across the units. The building is reported to be in excellent condition and was truly rebuilt in 2014, including all structure, kitchens, bathrooms, plumbing, electrical, and the roof. Hot water tanks are newly installed in 2024. The operation is described as turnkey, with owners taking care of lawn and snow maintenance.
Located at 31 William Street in Plattsburgh, New York, the building is set on a 0.18-acre lot and is being offered for sale as a rental property. Some leases are already in place for 2026/2027, and the seller requests 48 hours’ notice for showings.
From an income and operations standpoint, the seller reports gross income of $43,920 for 2025/2026, with potential gross income listed at $60,000. For tenants or buyers seeking a ready-to-run student housing setup, the combination of a full rebuild, recent hot water upgrades, and established leasing for the upcoming term supports a straightforward property management plan focused on maintaining the exterior while collecting rent under existing leases.
Located at 31 William Street in Plattsburgh, New York, the building is set on a 0.18-acre lot and is being offered for sale as a rental property. Some leases are already in place for 2026/2027, and the seller requests 48 hours’ notice for showings.
From an income and operations standpoint, the seller reports gross income of $43,920 for 2025/2026, with potential gross income listed at $60,000. For tenants or buyers seeking a ready-to-run student housing setup, the combination of a full rebuild, recent hot water upgrades, and established leasing for the upcoming term supports a straightforward property management plan focused on maintaining the exterior while collecting rent under existing leases.
Key Highlights
- 3‑apartment building rented to students with 10 total bedrooms
- Total rebuild in 2014, including structure, kitchens, bathrooms, plumbing, electrical, and roof
- Metal roof and cement siding exterior
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 | $41.4k | $13.20 |
| − Vacancy | −$3.2k | −$1.00 |
| EGI | $38.3k | $12.20 |
| − OpEx | −$11.5k | −$3.66 |
| NOI | $26.8k | $8.54 |
3,140 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.0K
$335.1K – $446.8K
NOI $26,809 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$340.5K
$297.9K – $397.2K
NOI $23,833 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$865.6K
$757.4K – $1.01M
NOI $60,589 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Turnkey three-unit student rental with full rebuild in 2014 and updated hot water tanks in 2024.
Where is this triplex located?
The property is located at 31 William Street Plattsburgh, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3‑apartment building rented to students with 10 total bedrooms; Total rebuild in 2014, including structure, kitchens, bathrooms, plumbing, electrical, and roof; Metal roof and cement siding exterior
