Mixed-Use Property with
For Sale
$695,000
47 N Main St, Camillus, NY 13031
Six apartments and two storefronts, an income-producing mixed-use property.
Property Size3,994 SF
Price / SF$174.01
Days on Market188
Property Features for 47 N Main St
General Information
Standard status
Active
Size
3,994 SF
Property subtype
Multi-Family
Building Details
Year Built
1945
Listing Agency:
Coldwell Banker Prime Prop,Inc
Listed By:
Terrance Bradley
(315) 214-2277
Source:
Soldincny
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 1:55PM
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 Coldwell Banker Prime Prop,Inc
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Investment Insights
Based on property information with market context.
This mixed-use property features six apartments and two storefronts. The residential component includes two 1-bedroom apartments and four 2-bedroom apartments. The property is described as an income producer and offers a view of 9 Mile Creek. The bike score is 9, indicating it is somewhat bikeable, and the walk score is 39, suggesting car dependence.
Key Highlights
- Six apartments and two storefronts offer diverse income streams.
- Mix of one and two‑bedroom apartments caters to a range of tenants.
- True income‑producing property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,710
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,200
$754.2K
Cap Rate 7%
$538,714
$538.7K
Cap Rate 9%
$419,000
$419.0K
Market Conditions
NOI Build-Up for 3,994 SF
Gross rent
$73.3K $18.36/SF
− Vacancy
−$4.8K −$1.19/SF
EGI
$68.6K $17.17/SF
− OpEx
−$30.9K −$7.72/SF
NOI
$37.7K $9.44/SF
Area
Onondaga County, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,200
Cap Rate 7%
$538,714
Cap Rate 9%
$419,000
Alternative Uses
Best Use
Apartment 5plus
$538.7K
$471.4K – $628.5K
NOI $37,710 @ 7.0% cap · market cap 5.43%
Second Best
Mixed Use
$531.2K
$464.8K – $619.7K
NOI $37,181 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$694.1K
$607.3K – $809.8K
NOI $48,587 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
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Business Placement
Demographics for 13031, NY
16,335
Population
7,414
Households
2.2
Avg Household Size
44
Median Age
45%
College-Educated
96%
High-School Grad
24.3 sq mi
ZIP Area
672
Density / Sq Mi
$92,687
Median Household Income
$56,024
Median Earnings
$1,281
Median Rent
$207,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Six apartments and two storefronts, an income-producing mixed-use property.
Where is this mixed-use property located?
The property is located at 47 N Main St Camillus, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Six apartments and two storefronts offer diverse income streams.; Mix of one and two‑bedroom apartments caters to a range of tenants.; True income‑producing property.
