Renovated Two-Unit
New
For Sale
$185,000
45 Lafayette Street, Plattsburgh, NY 12901
Residential Income, Plattsburgh, NY
Property Size1,376 SF
Lot Size0.11 Acres
Price / SF$134.45
Days on Market3
Property Features for 45 Lafayette Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Driveway
Window features
Vinyl Frames
Patio and Porch features
Porch
Interior features
Apartment, Coffered Ceiling(s), High Speed Internet, Sunroom
Exterior features
Lighting
Basement
Full, Unfinished, Interior Entry
Appliances
Electric Range, Refrigerator
Lot features
City Lot
Elementary school district
Plattsburgh
Middle school district
Plattsburgh
High school district
Plattsburgh
Subdivision
City of Plattsburgh
Standard status
Active
APN
207.15-10-5
Size
1,376 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
3566
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Wood Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
LB House To Home Realty
Listed By:
Lindsay Boulerice
(518) 420-2484
Added: Oct 29
Last Checked: Oct 31 at 12:06PM
MLS# 208683
Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,376-square-foot duplex contains two renovated apartments, each with a new kitchen and bathroom. The lower residence has two bedrooms, one bathroom, a living room, dining room, and sunroom; the upper residence has one bedroom and one bathroom. A common entry serves both apartments, and each has its own hot water tank and electric panel. Built in 1925, the property sits on a 0.11-acre lot with a driveway and backyard.
At 45 Lafayette Street in Plattsburgh, the property has public water and public sewer. The owner pays electricity for the upper apartment and water and sewer for both units.
At 45 Lafayette Street in Plattsburgh, the property has public water and public sewer. The owner pays electricity for the upper apartment and water and sewer for both units.
Key Highlights
- Two apartments totaling 1,376 square feet
- Lower apartment has 2 bedrooms, 1 bathroom, and a sunroom
- Upper apartment has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,748
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,960
$235.0K
Cap Rate 7%
$167,829
$167.8K
Cap Rate 9%
$130,533
$130.5K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$18.2K $13.20/SF
− Vacancy
−$1.4K −$1.00/SF
EGI
$16.8K $12.20/SF
− OpEx
−$5.0K −$3.66/SF
NOI
$11.7K $8.54/SF
Area
Clinton County, NY
Vacancy
7.60%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,960
Cap Rate 7%
$167,829
Cap Rate 9%
$130,533
Alternative Uses
Best Use
Multifamily LT 5
$167.8K
$146.9K – $195.8K
NOI $11,748 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$149.2K
$130.6K – $174.1K
NOI $10,444 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$379.3K
$331.9K – $442.5K
NOI $26,551 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,712
Businesses Nearby
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Business Placement
Demographics for 12901, NY
32,147
Population
15,426
Households
2.1
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
70.6 sq mi
ZIP Area
455
Density / Sq Mi
$59,413
Median Household Income
$35,385
Median Earnings
$957
Median Rent
$182,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A lower-level sunroom and separate hot water tanks and electric panels add functional detail to the two-apartment layout.
Where is this duplex located?
The property is located at 45 Lafayette Street Plattsburgh, NY.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two apartments totaling 1,376 square feet; Lower apartment has 2 bedrooms, 1 bathroom, and a sunroom; Upper apartment has 1 bedroom and 1 bathroom
