Centrally Located Multi-Unit
32 Main St. Potsdam, NY 13676
32 Main St., Potsdam, NY, 13676
$260,000
For Sale
$260,000
MULTI_FAMILY - Potsdam, NY
Property Size3,115 SF
Price / SF$83.47
Days on Market677
Property Features for 32 Main St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 7, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bathroom 4, Bedroom 4
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Covered porch, Outdoor lights
- Standard status
- Active
- APN
- 64.059-11-16
- Size
- 3,115 SF
Taxes and HOA fees
- Tax Annual Amount
- 7486
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Metal
Listing Agency
Nikki Coates & Associates LLC
(315) 265-4303
30 Main St., Potsdam, NY
Listed by
Nikki Coates · License #10491202119
(315) 265-4303
Added: Sep 12, 2024 Checked: Jul 20 at 1:06 pm
MLS# 50402
Listing URL
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 for-sale multi-unit property includes a first-floor layout with a 1-bedroom unit featuring natural woodwork and an open floor plan, along with a 2-bedroom unit that has a new private porch. The upstairs space offers a recently renovated 3-bedroom unit plus an additional attic studio apartment. While the property was originally built in 1900, county records indicate an effective year built of 1950, and major renovations and updates have been completed since 2013. Improvements noted include porch and bathroom updates, renovation work for the 3-bedroom unit, and a metal roof.
The building is centrally located in Potsdam, with walk-to access described to SUNY and Clarkson. Parking is available for several cars.
The configuration makes this property well-suited for buyers looking for a residential income asset with multiple dwelling types, including both standard bedrooms and a separate attic studio component. The property is reported as fully rented for the 2026/27 academic year, which may appeal to investors seeking an existing occupancy profile for the upcoming school term.
The building is centrally located in Potsdam, with walk-to access described to SUNY and Clarkson. Parking is available for several cars.
The configuration makes this property well-suited for buyers looking for a residential income asset with multiple dwelling types, including both standard bedrooms and a separate attic studio component. The property is reported as fully rented for the 2026/27 academic year, which may appeal to investors seeking an existing occupancy profile for the upcoming school term.
Key Highlights
- Multi‑unit property fully rented for the 2026/27 academic year
- Effective year built is 1950 with major renovations and updates since 2013
- Metal roof plus multiple porches including a covered porch
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 | $28.8k | $9.24 |
| − Vacancy | −$6.0k | −$1.94 |
| EGI | $22.7k | $7.30 |
| − OpEx | −$6.8k | −$2.19 |
| NOI | $15.9k | $5.11 |
3,115 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.4K
$199.0K – $265.3K
NOI $15,917 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$208.2K
$182.2K – $242.9K
NOI $14,574 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$772.8K
$676.2K – $901.6K
NOI $54,096 @ 7.0% cap · market cap 20.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three residential units plus an attic studio provide income opportunity with parking for several vehicles.
Where is this triplex located?
The property is located at 32 Main St. Potsdam, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Multi‑unit property fully rented for the 2026/27 academic year; Effective year built is 1950 with major renovations and updates since 2013; Metal roof plus multiple porches including a covered porch
