Spacious Residential Property, Carthage,
For Sale
$230,000
474 S James St, Carthage, NY 13619
8-bedroom property with rental income potential in Carthage, NY.
Property Size2,375 SF
Price / SF$96.84
Days on Market215
Property Features for 474 S James St
General Information
Standard status
Active
Size
2,375 SF
Property subtype
Multi-Family
Building Details
Year Built
1850
Listing Agency:
Bridgeview Real Estate
Listed By:
Kirk Gilchrist · License #10401317321
(315) 408-1538
Source:
Skinnercnyrealty
Added: Apr 1
Changed: Oct 25
Last Checked: Oct 7 at 2:39PM
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 Bridgeview Real Estate
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Investment Insights
Based on property information with market context.
This property features 8 bedrooms and 3 bathrooms, along with a common kitchen and several common areas. It is currently utilized as a rental property, with some rooms being offered as short-term rentals. The property provides ample parking. The current rental income is $5325 per month. The property is located in Carthage, NY. The bike score is 40, indicating it is somewhat bikeable, and the walk score is 14, indicating car dependence.
Key Highlights
- High rental income: $5325 per month
- 8 bedrooms and 3 bathrooms offer ample space
- Proven rental history with near 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,493
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,860
$349.9K
Cap Rate 7%
$249,900
$249.9K
Cap Rate 9%
$194,367
$194.4K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$34.2K $14.40/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$31.8K $13.39/SF
− OpEx
−$14.3K −$6.03/SF
NOI
$17.5K $7.37/SF
Area
Jefferson County, NY
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,860
Cap Rate 7%
$249,900
Cap Rate 9%
$194,367
Alternative Uses
Best Use
Apartment 5plus
$249.9K
$218.7K – $291.6K
NOI $17,493 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.7K
$572.9K – $763.8K
NOI $45,828 @ 7.0% cap · market cap 19.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Residential income property - 8-bedroom property with rental income potential in Carthage, NY.
Where is this residential income property located?
The property is located at 474 S James St Carthage, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: High rental income: $5325 per month; 8 bedrooms and 3 bathrooms offer ample space; Proven rental history with near 100% occupancy
