Three-Unit Multifamily Property with
For Sale
$209,000
415 N Clinton Street, Carthage, NY 13619
Residential, Carthage, NY
Property Size2,132 SF
Lot Size0.30 Acres
Price / SF$98.03
Days on Market146
Property Features for 415 N Clinton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 4, Basement
Parking features
Open, Garage
Window features
Drapes
Patio and Porch features
Deck, Porch
Interior features
Attic, CeilingFans, Storage, WindowTreatments
Exterior features
Balcony, Deck, FullyFenced, Porch, PrivateYard
Fencing
Fenced
Appliances
WaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Carthage
Middle school district
Carthage
High school district
Carthage
Directions
Off State Street or Alexandria Street
Subdivision
Carthage-Village-226001
Standard status
Active
APN
226001-086-033-0005-006-000
Size
2,132 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
3959
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
private screened porch
common area screen porch
fenced yard
coin-operated laundry
storage room
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Vinyl, Varies, Laminate, Tile
Building materials
VinylSiding
Roof type
Asphalt
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Bridgeview Real Estate
(315) 782-9292
Listed By:
Kathy L Woolf · License #10301224575
(315) 783-2484
Added: Apr 30
Changed: Sep 16
Last Checked: Sep 22 at 7:06PM
MLS# S1675507
Copyright © 2026 New York State Alliance of MLSs, LLC. 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 3-unit multifamily property at 415 N Clinton Street includes two 2-bedroom, 1-bath apartments and a 1-bedroom, 1-bath third-floor unit. Each residence has a private screened-in porch or balcony, while a shared screened porch adds common outdoor space. The 2,132-square-foot building also provides basement laundry, private laundry hookups for Unit 2, and individual storage rooms. Construction features include vinyl siding, an asphalt roof, hardwood, laminate, tile, and vinyl flooring, plus forced-air natural gas heat and public water.
The 0.2997-acre parcel includes a fully fenced yard, a two-car garage, open parking, and porches and decks. Unit 1 and Unit 2 are currently rented, and the separate utilities for each apartment support straightforward utility administration. Built in 1920, the property is located in Carthage, NY, near Fort Drum, hospitals, schools, and shopping.
The 0.2997-acre parcel includes a fully fenced yard, a two-car garage, open parking, and porches and decks. Unit 1 and Unit 2 are currently rented, and the separate utilities for each apartment support straightforward utility administration. Built in 1920, the property is located in Carthage, NY, near Fort Drum, hospitals, schools, and shopping.
Key Highlights
- 3‑unit layout with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 2,132 square feet on a 0.2997‑acre parcel
- Private screened‑in porch or balcony for every unit, plus a shared screened porch
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,554
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,080
$351.1K
Cap Rate 7%
$250,771
$250.8K
Cap Rate 9%
$195,044
$195.0K
Market Conditions
NOI Build-Up for 2,132 SF
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.
Gross rent
$26.9K $12.60/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$25.1K $11.76/SF
− OpEx
−$7.5K −$3.53/SF
NOI
$17.6K $8.23/SF
Area
Jefferson County, NY
Vacancy
6.65%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,080
Cap Rate 7%
$250,771
Cap Rate 9%
$195,044
Alternative Uses
Best Use
Multifamily LT 5
$250.8K
$219.4K – $292.6K
NOI $17,554 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,703 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$587.7K
$514.2K – $685.7K
NOI $41,139 @ 7.0% cap · market cap 19.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 13619, NY
10,600
Population
4,649
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
112.7 sq mi
ZIP Area
94
Density / Sq Mi
$63,549
Median Household Income
$44,792
Median Earnings
$984
Median Rent
$171,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained village multifamily property with private outdoor areas, laundry facilities, a garage, and separate unit utilities.
Where is this triplex located?
The property is located at 415 N Clinton Street Carthage, NY.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 3‑unit layout with two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 2,132 square feet on a 0.2997‑acre parcel; Private screened‑in porch or balcony for every unit, plus a shared screened porch
