Income Property in Downtown
For Sale
$199,000
Pending
55 W Main, Norfolk, NY 13667
COMMERCIAL - Norfolk, NY
Property Size4,000 SF
Days on Market297
Property Features for 55 W Main
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 9, Bedroom 7, Bedroom 10, Bathroom 1, Bedroom 11, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 2
Directions
From State Highway 56, go over the bridge onto Main St. Apartment building is next to the bank on West Main Street.
Subdivision
ST LAWRENCE
Standard status
Pending
APN
32.058-4-7
Size
4,000 SF
Taxes and HOA fees
Tax Annual Amount
2938
Utilities
Utilities
Cable Available
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1900
Floors in Building
2
Number of units
5
Architectural style
Other
Listing Agency:
1st Class Realty Group
(315) 769-2500
Listed By:
Diana Dufresne · License #10371202021
(315) 769-7533
Added: Oct 19, 2025
Changed: Aug 4
Last Checked: Aug 11 at 9:06PM
MLS# 52053
Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-unit apartment building is located in downtown Norfolk. The property is fully occupied and generates $3,875 per month. Each unit is separately metered for electricity. On-site coin-operated laundry is available. Apartments 1 and 2, located on the ground floor, each have 3 bedrooms. Apartments 3 and 4, located on the second floor, each have 2 bedrooms. Apartment 5 has 1 bedroom. The property is within walking distance of local shops, cafes, and small-town amenities. It is a short drive to libraries, parks, museums, Clarkson University, SUNY Potsdam, SUNY Canton, and seasonal outdoor adventures including hiking, skiing, swimming, fishing, and boating. Norfolk is minutes from the nearby airport with fast direct flights to Boston and convenient access to larger regional cities like Plattsburgh, Ottawa, Montreal, and the Saint Regis Mohawk Reservation, which features a casino and year-round cultural events. The property is suitable for real estate investors seeking multi-family units in upstate New York with strong cash flow potential, as well as professionals and workers drawn to affordable, economical electricity services and high-speed internet in a quiet, small-town setting. The property size is 4000 square feet.
Key Highlights
- Fully occupied, income‑producing 5‑unit apartment building generating $3,875/month.
- Prime downtown Norfolk location within walking distance to shops and cafes.
- Each unit is separately metered for electricity, increasing efficiency and tenant satisfaction.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 13667, NY
3,217
Population
1,597
Households
2
Avg Household Size
44
Median Age
12%
College-Educated
83%
High-School Grad
47.0 sq mi
ZIP Area
68
Density / Sq Mi
$57,114
Median Household Income
$41,341
Median Earnings
$790
Median Rent
$111,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied five-unit apartment building with strong cash flow.
Where is this apartment building located?
The property is located at 55 W Main Norfolk, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully occupied, income‑producing 5‑unit apartment building generating $3,875/month.; Prime downtown Norfolk location within walking distance to shops and cafes.; Each unit is separately metered for electricity, increasing efficiency and tenant satisfaction.
