Duplex with Private
416 S James Street Carthage, NY 13619
New
416 S James Street, Carthage, NY, 13619
$214,900
For Sale
$214,900
MULTI_FAMILY - Carthage, NY
Property Size2,402 SF
Lot Size0.40 Acres
Price / SF$89.47
Days on Market7
Property Features for 416 S James Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Basement, Bedroom 2, Bathroom 3
- Patio and Porch features
- Porch
- Interior features
- CeilingFans
- Exterior features
- EnclosedPorch, Porch
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 226001-086-041-0003-020-000
- Size
- 2,402 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4004
Utilities
- Heating system
- Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Varies
- Building materials
- VinylSiding
- Roof type
- Asphalt, Metal
Listing agency
TLC Real Estate LLC - Carthage
(315) 493-1111
Listed by
Marsha Gibbons · License #10491209646
(315) 783-6455
Added: Jul 16 Updated: Jul 17 at 2:54PM Checked: Jul 22 at 1:06AM
MLS# S1699044
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 well-maintained duplex includes two functional two-story apartments, each offering three bedrooms and 1.5 bathrooms. The first floor features a large kitchen, formal dining room, living room, half bath, and entry closet, with three bedrooms and a full bathroom upstairs. The occupied unit includes a renovated full bathroom completed approximately two years ago, while the vacant unit has been freshly painted and includes a new bathroom vanity and is move-in ready. Original hardwood floors and woodwork run throughout both apartments. Each unit offers a front porch and a private back porch.
The property also includes a blacktop driveway, a carriage house-style garage, and a spacious yard. A shared basement laundry area is supported by separate storage spaces for each apartment, along with hot water boiler furnaces and separate electric hot water tanks. Each unit has separate natural gas and electric utilities, with the owner responsible for water.
Both apartments have consistently rented for $1,200 per month, with one unit currently occupied at that rate. The listing is located in the Village of Carthage, less than 20 minutes from the Fort Drum Route 26 Gate.
The property also includes a blacktop driveway, a carriage house-style garage, and a spacious yard. A shared basement laundry area is supported by separate storage spaces for each apartment, along with hot water boiler furnaces and separate electric hot water tanks. Each unit has separate natural gas and electric utilities, with the owner responsible for water.
Both apartments have consistently rented for $1,200 per month, with one unit currently occupied at that rate. The listing is located in the Village of Carthage, less than 20 minutes from the Fort Drum Route 26 Gate.
Key Highlights
- Duplex built in 1880 with two units, each offering 3 bedrooms and 1.5 bathrooms.
- Both apartments have rented for $1,200/month; one unit is currently occupied at $1,200/month and the other is vacant.
- Shared basement includes laundry area and separate storage for each apartment, with hot water boiler furnaces and separate electric hot water tanks.
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 | $30.3k | $12.60 |
| − Vacancy | −$2.0k | −$0.84 |
| EGI | $28.3k | $11.76 |
| − OpEx | −$8.5k | −$3.53 |
| NOI | $19.8k | $8.23 |
2,402 SF · lease $12.60/SF/yr · vacancy 6.65% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Each unit features a two-story 3-bedroom, 1.5-bath layout with front and private back porches, plus separate utilities.
Where is this duplex located?
The property is located at 416 S James Street 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: Duplex built in 1880 with two units, each offering 3 bedrooms and 1.5 bathrooms.; Both apartments have rented for $1,200/month; one unit is currently occupied at $1,200/month and the other is vacant.; Shared basement includes laundry area and separate storage for each apartment, with hot water boiler furnaces and separate electric hot water tanks.
