Renovated Duplex with Bonus
New
For Sale
$139,000
614 Ford St, Ogdensburg, NY 13669
MULTIFAMILY, Ogdensburg, NY
Property Size2,100 SF
Price / SF$66.19
Days on Market2
Property Features for 614 Ford St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Directions
614 Ford St. Ogdensburg
Subdivision
ST LAWRENCE
Standard status
Active
APN
48.071-12-21
Size
2,100 SF
Taxes and HOA fees
Tax Annual Amount
2060
Amenities
laundry hook up
off street parking
bonus space
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Hardwood
Listing Agency:
Blue Heron Realty
(315) 394-3223
Listed By:
Job Edwards
(315) 323-6722
Added: Sep 6
Last Checked: Sep 7 at 9:06PM
MLS# 53347
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 duplex contains 2,100 square feet across two residential units, with hardwood and vinyl flooring. The property has undergone renovations and includes a newer roof. Each unit is currently occupied on a month-to-month basis, while tenants handle their own utilities. Both units include laundry hookups and off-street parking.
Additional space on the third floor consists of several rooms, providing flexibility within the existing layout. The property was built in 1870 and is located at 614 Ford St in Ogdensburg, New York, 13669.
Additional space on the third floor consists of several rooms, providing flexibility within the existing layout. The property was built in 1870 and is located at 614 Ford St in Ogdensburg, New York, 13669.
Key Highlights
- 2,100‑square‑foot duplex with two residential units
- Renovated property with a newer roof
- Both units currently rented month to month
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,730
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$214,600
$214.6K
Cap Rate 7%
$153,286
$153.3K
Cap Rate 9%
$119,222
$119.2K
Market Conditions
NOI Build-Up for 2,100 SF
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.
Gross rent
$19.4K $9.24/SF
− Vacancy
−$4.1K −$1.94/SF
EGI
$15.3K $7.30/SF
− OpEx
−$4.6K −$2.19/SF
NOI
$10.7K $5.11/SF
Area
St. Lawrence County, NY
Vacancy
21.00%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$214,600
Cap Rate 7%
$153,286
Cap Rate 9%
$119,222
Alternative Uses
Best Use
Multifamily LT 5
$153.3K
$134.1K – $178.8K
NOI $10,730 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$140.4K
$122.8K – $163.8K
NOI $9,825 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$521.0K
$455.9K – $607.8K
NOI $36,469 @ 7.0% cap · market cap 26.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 13669, NY
14,990
Population
7,419
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
85%
High-School Grad
101.5 sq mi
ZIP Area
148
Density / Sq Mi
$66,488
Median Household Income
$36,546
Median Earnings
$769
Median Rent
$101,800
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?
Duplex - Two rented units feature separate utility responsibility, laundry hookups, off-street parking, and additional third-floor rooms.
Where is this duplex located?
The property is located at 614 Ford St Ogdensburg, NY.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 2,100‑square‑foot duplex with two residential units; Renovated property with a newer roof; Both units currently rented month to month
