474 S James Street, Carthage, NY 13619
MULTI_FAMILY - Carthage, NY
- Added:
- Mar 31, 2026
- Days on Market:
- 91
- Last Refresh:
- Jun 29 at 5:06 pm
Property Features for 474 S James Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Garage
- Exterior features
- BlacktopDriveway
- Appliances
- ElectricCooktop, ElectricWaterHeater, Refrigerator
- Standard status
- Active
- APN
- 226001-086-041-0003-030-000
- Size
- 2,375 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2961
Utilities
- Heating system
- Natural Gas, Baseboard, Forced Air, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1850
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Carpet, Varies, Laminate
- Building materials
- VinylSiding
- Roof type
- Metal
Listing agent Kirk Gilchrist License #10401317321 (315) 782-9292
Listing office Bridgeview Real Estate 128 TenEyck St #2, Watertown, NY (315) 782-9292
Listing date Mar 31, 2026
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.
HighLights
- 8 bedrooms and 3 bathrooms with a common kitchen and multiple common areas
- Currently rented virtually 100% of the time; owner also Airbnbs some rooms
- Reported rent income of $5,325 per month
- Metal roof, vinyl siding, and blacktop driveway
- Year built: 1850
- Utilities and systems: public water; electric and natural gas heating with baseboard and forced‑air; includes refrigerator and electric cooktop
Overview
Located at 474 S James Street in Carthage, NY 13619, the offering sits on a 0.3227-acre lot and totals 2,375 square feet. The listing notes consistent occupancy and includes the owner’s use of some rooms as short-term rentals.
From an operator or buyer perspective, the layout’s mix of private bedrooms and shared spaces can accommodate a variety of tenant configurations, including long-term arrangements and the potential to supplement income through short-term occupancy as described. Buyers should review local requirements and lease or licensing considerations for any short-term use, while considering how the common kitchen and shared areas will fit the intended tenant mix. Presented as a turn-key-style income property in the listing narrative, this is positioned for buyers seeking an actively used, multi-room setup within one building.
Local Financial Insights For Apartment 5plus
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 | $34.2k | $14.40 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $31.8k | $13.39 |
| − OpEx | −$14.3k | −$6.03 |
| NOI | $17.5k | $7.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Carthage
- County
- Jefferson
- State
- New York
- Longitude
- -75.599441
- Latitude
- 43.975769
