Mixed-Use Property with
For Sale
$249,000
32 Elm Street, Potsdam, NY 13676
A vacant main residence is paired with a rented apartment that has a separate entrance.
Property Size3,864 SF
Price / SF$64.44
Days on Market248
Property Features for 32 Elm Street
General Information
Standard status
Active
Size
3,864 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Sprinkler System
Yes
Tenant in Place
Yes
Property Use
Office
Amenities
covered porch
in-floor heat
Building Details
Building Size
3,864 SF
Year Built
1900
Buildings
1
Stories
2
Owner Occupied
No
Listing Agency:
O'brien Properties, LLC
Listed By:
Lisa O'brien · License #10491212419
(315) 244-5746
Source:
Homerootsrealty
Added: Feb 19
Changed: Oct 24
Last Checked: Oct 24 at 2:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of O'brien Properties, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 32 Elm Street in Potsdam, this 3,864-square-foot mixed-use property combines a two-story main house with an attached rear apartment. The main residence has two living rooms, a kitchen, laundry, a half bath, four to five upstairs bedrooms, and a full bath. Original moldings and doors, high ceilings, two staircases, and a covered porch contribute to its interior character. The apartment measures approximately 1,000 square feet and has no interior connection to the house; its layout includes a first-floor full bath and two upstairs bedrooms. It was renovated to the studs in 1995 and is currently rented, while the main house is vacant.
Improvements include in-floor heat in the apartment, a high-efficiency natural gas furnace, replacement windows, updated electrical with added circuitry, and a fire suppression system. The property has 217 feet of combined frontage on Elm Street/NY-11B, Lawrence Avenue/US-11, and Leroy Street, plus a wraparound paved drive and off-street parking.
Improvements include in-floor heat in the apartment, a high-efficiency natural gas furnace, replacement windows, updated electrical with added circuitry, and a fire suppression system. The property has 217 feet of combined frontage on Elm Street/NY-11B, Lawrence Avenue/US-11, and Leroy Street, plus a wraparound paved drive and off-street parking.
Key Highlights
- 3,864‑square‑foot property with a main house and attached apartment
- Main house is vacant; the approximately 1,000‑square‑foot apartment is rented
- Apartment renovated to the studs in 1995, with in‑floor heat and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,744
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,880
$394.9K
Cap Rate 7%
$282,057
$282.1K
Cap Rate 9%
$219,378
$219.4K
Market Conditions
NOI Build-Up for 3,864 SF
Gross rent
$35.7K $9.24/SF
− Vacancy
−$7.5K −$1.94/SF
EGI
$28.2K $7.30/SF
− OpEx
−$8.5K −$2.19/SF
NOI
$19.7K $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%
$394,880
Cap Rate 7%
$282,057
Cap Rate 9%
$219,378
Alternative Uses
Best Use
Office B
$722.9K
$632.5K – $843.4K
NOI $50,603 @ 7.0% cap · market cap 20.32%
Second Best
Mixed Use
$372.6K
$326.0K – $434.7K
NOI $26,082 @ 7.0% cap · market cap 10.47%
Theoretical Best
Office A
$958.6K
$838.8K – $1.12M
NOI $67,104 @ 7.0% cap · market cap 26.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
Demographics for 13676, NY
13,211
Population
5,955
Households
2.2
Avg Household Size
32
Median Age
40%
College-Educated
94%
High-School Grad
159.7 sq mi
ZIP Area
83
Density / Sq Mi
$56,900
Median Household Income
$28,147
Median Earnings
$868
Median Rent
$148,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant main residence is paired with a rented apartment that has a separate entrance.
Where is this mixed-use property located?
The property is located at 32 Elm Street Potsdam, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 3,864‑square‑foot property with a main house and attached apartment; Main house is vacant; the approximately 1,000‑square‑foot apartment is rented; Apartment renovated to the studs in 1995, with in‑floor heat and a separate entrance
