Potsdam Multi-Unit Investment
32 Main St., Potsdam, NY 13676
- Added:
- Sep 12, 2024
- Days on Market:
- 627
- Last Refresh:
- May 31 at 2:06 pm
Property Features for 32 Main St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 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
- 5567
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Metal
Listing agent Nikki Coates License #10491202119 (315) 265-4303
Listing office Nikki Coates & Associates LLC 30 Main St., Potsdam, NY (315) 265-4303
Listing date Sep 12, 2024
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.
HighLights
- Centrally located within walking distance to SUNY and Clarkson.
- Multi‑unit investment property.
- Major renovations and updates since 2013, including metal roof and bathrooms.
- Current leases in place through May or July 2026.
- Recently renovated 3 BR unit connected to an attic studio.
- Parking available for several cars.
Overview
This multi-unit property, located in a central area within walking distance of SUNY and Clarkson, presents an investment opportunity. The first floor features a 1-bedroom unit with natural woodwork, an open floor plan, and a new bathroom, along with a 2-bedroom unit that includes a new private porch. The upstairs contains a recently renovated 3-bedroom unit connected to an attic studio. While the original construction date is 1900, county records indicate an effective year built of 1950. Major renovations and updates have been completed since 2013, including work on the porches, bathrooms, the 3-bedroom unit, and the installation of a metal roof. Parking is available for several cars. Current leases are in effect through May or July 2026. The property size is 3115 square feet.
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 Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Potsdam
- County
- St. Lawrence
- State
- New York
- Longitude
- -74.9838385
- Latitude
- 44.668919
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Centrally-located multi-unit property near SUNY and Clarkson.
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: Centrally located within walking distance to SUNY and Clarkson.; Multi‑unit investment property.; Major renovations and updates since 2013, including **metal roof and bathrooms**.
