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    Fourplex Residential Income Property Title is generated by Realmo AI

    5072 S Catherine Street, Plattsburgh, NY 12901

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    Claim this Listing
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    For Sale
    $260,000

    MULTI_FAMILY - Plattsburgh, NY

    Property size:
    2,280 SF
    Price / SF:
    $114/SF
    Added:
    Jun 19, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 22 at 7:06 pm

    Property Features for 5072 S Catherine Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    221.7-2-28
    Size
    2,280 SF

    Taxes and HOA fees

    Tax Annual Amount
    5117

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1950

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    Listing Contact
    Garrett Hemingway
    Garrett Hemingway

    Listing agent Garrett Hemingway

    Listing office Hemingway Realty The Adirondack Group 37 McKinley Avenue, Plattsburgh, NY

    Listing date Jun 19, 2026

    MLS# 207629 Listing URL

    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.

    HighLights

    • 1950‑built city fourplex in Plattsburgh
    • City water source: public
    • Sewer service: public sewer
    • Close to downtown, shops, and restaurants

    Overview

    This fourplex residential income property contains four separate units within approximately 2,280 square feet of total building area. It is presented as an existing, income-producing multifamily asset in the city.

    Located at 5072 S Catherine Street in Plattsburgh, NY 12901 in Clinton County, the property is described as being close to downtown along with nearby shops and restaurants.

    For buyers or operators seeking a small multifamily portfolio entry, the unit mix can support an owner who prefers managing multiple residential tenants under one roof. The current setup includes long-term tenants, which may help reduce turnover risk compared with short-term occupancy. The property is being offered for sale.

    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 $30.1k $13.20
    − Vacancy −$2.3k −$1.00
    EGI $27.8k $12.20
    − OpEx −$8.3k −$3.66
    NOI $19.5k $8.54
    2,280 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $278.1K
    $243.3K – $324.4K (±1% cap)
    NOI $19,466 @ 7.0% cap · market cap 7.49%
    Second Best
    Apartment 5plus
    $247.2K
    $216.3K – $288.4K (±1% cap)
    NOI $17,305 @ 7.0% cap · market cap 6.66%
    Theoretical Best
    Office A
    $628.5K
    $549.9K – $733.3K (±1% cap)
    NOI $43,995 @ 7.0% cap · market cap 16.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plattsburgh
    County
    Clinton
    State
    New York
    Longitude
    -73.457022
    Latitude
    44.69319

    FAQs

    What type of property is this?
    Quadplex - Four-unit income property in Plattsburgh near downtown dining and shopping.
    Where is this quadplex located?
    The property is located at 5072 S Catherine Street Plattsburgh, NY.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: 1950‑built city fourplex in Plattsburgh; City water source: public; Sewer service: public sewer
    More about this property
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