Two-Story Duplex with
For Sale
$214,900
416 S James St, Carthage, NY 13619
Two three-bedroom apartments offer separate utilities, porches, shared laundry, storage, and a spacious yard.
Property Size2,402 SF
Price / SF$89.47
Days on Market80
Property Features for 416 S James St
General Information
Standard status
Active
Size
2,402 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,200
Amenities
front porch
back porch
shared laundry area
carriage house-style garage
spacious yard
separate storage areas
Building Details
Year Built
1880
Buildings
1
Tenancy
Single
Listing Agency:
TLC Real Estate LLC - Carthage
Listed By:
Marsha Gibbons · License #10491209646
(315) 783-6455
Source:
Skinnercnyrealty
Added: Jul 27
Changed: Oct 11
Last Checked: Oct 7 at 4:17PM
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 TLC Real Estate LLC - Carthage
Investment Insights
Based on property information with market context.
This 2,402-square-foot duplex, built in 1880, contains two apartments with matching two-story layouts. Each unit includes three bedrooms, 1.5 bathrooms, a kitchen, formal dining room, living room, entry closet, and front and rear porches. Original hardwood flooring and woodwork add character throughout. One full bathroom was renovated approximately two years ago, while the other apartment has fresh paint and a new bathroom vanity.
The property includes a carriage house-style garage, blacktop driveway, and spacious yard. A shared basement provides laundry facilities and separate storage areas for each apartment, along with hot water boiler furnaces and separate electric hot water tanks. Each unit has its own natural gas and electric utilities, with water managed by the owner. One apartment is occupied and the other is vacant. The property is located at 416 S James St in Carthage, less than 20 minutes from the Fort Drum Route 26 Gate.
The property includes a carriage house-style garage, blacktop driveway, and spacious yard. A shared basement provides laundry facilities and separate storage areas for each apartment, along with hot water boiler furnaces and separate electric hot water tanks. Each unit has its own natural gas and electric utilities, with water managed by the owner. One apartment is occupied and the other is vacant. The property is located at 416 S James St in Carthage, less than 20 minutes from the Fort Drum Route 26 Gate.
Key Highlights
- 2,402‑square‑foot duplex built in 1880
- Two apartments, each with 3 bedrooms and 1.5 bathrooms
- Two‑story layouts with front and rear porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,777
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,540
$395.5K
Cap Rate 7%
$282,529
$282.5K
Cap Rate 9%
$219,744
$219.7K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$30.3K $12.60/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$28.3K $11.76/SF
− OpEx
−$8.5K −$3.53/SF
NOI
$19.8K $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 Rate 5%
$395,540
Cap Rate 7%
$282,529
Cap Rate 9%
$219,744
Alternative Uses
Best Use
Multifamily LT 5
$282.5K
$247.2K – $329.6K
NOI $19,777 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$252.7K
$221.2K – $294.9K
NOI $17,692 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$662.1K
$579.4K – $772.5K
NOI $46,349 @ 7.0% cap · market cap 21.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
234
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
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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?
Duplex - Two three-bedroom apartments offer separate utilities, porches, shared laundry, storage, and a spacious yard.
Where is this duplex located?
The property is located at 416 S James St Carthage, NY.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 2,402‑square‑foot duplex built in 1880; Two apartments, each with 3 bedrooms and 1.5 bathrooms; Two‑story layouts with front and rear porches
