Building Details

Year Built 1880

Buildings 1

Tenancy Multi

Listing Agency: TLC Real Estate LLC - Carthage

Listed By: Luann Twombly · License #BARLOWLU Show Phone

Source: 716realtygroup

Added: Aug 18 Changed: Oct 26 Last Checked: Nov 1 at 2:39AM

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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 TLC Real Estate LLC - Carthage

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Investment Insights

Based on property information with market context.

This duplex contains two tenant-occupied residences with distinct floor plans. One unit includes a kitchen, formal dining room, half bath, large living room, open staircase, upstairs laundry, full bath, and three bedrooms. The other features a large living room, eat-in kitchen, full bath, one main-floor bedroom, and two additional bedrooms upstairs, with laundry in the basement.

Natural gas heat serves the property, while each residence has separate electric, gas, and water meters. The building was constructed in 1880 and sits on a corner lot with off-street parking. The property provides a combination of established occupancy, individual utility metering, and varied residential layouts within one duplex asset.

Key Highlights

• Both units are tenant occupied
• Separate electric, gas, and water meters for each unit
• One unit offers three upstairs bedrooms, while the other has three total bedrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,922

Cap Rate

9.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$378,440 $378.4K

Cap Rate 7%

$270,314 $270.3K

Cap Rate 9%

$210,244 $210.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,569 SF

Gross rent

$37.0K $14.40/SF

− Vacancy

−$2.6K −$1.01/SF

EGI

$34.4K $13.39/SF

− OpEx

−$15.5K −$6.03/SF

NOI

$18.9K $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%

$378,440

Cap Rate 7%

$270,314

Cap Rate 9%

$210,244

Alternative Uses

Best Use

Multifamily LT 5

$302.2K

$264.4K – $352.5K (±1% cap)

NOI $21,152 @ 7.0% cap · market cap 10.12%

Second Best

Apartment 5plus

$270.3K

$236.5K – $315.4K (±1% cap)

NOI $18,922 @ 7.0% cap · market cap 9.05%

Theoretical Best

Office A

$708.2K

$619.6K – $826.2K (±1% cap)

NOI $49,571 @ 7.0% cap · market cap 23.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

350

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two separately metered residences provide distinct layouts, natural gas heat, and off-street parking.

Where is this duplex located?

The property is located at 7 N Jefferson Street Champion, NY.

What is the asking price?

The asking price for this property is $209,000.

What are key features of this property?

This property features: Both units are tenant occupied; Separate electric, gas, and water meters for each unit; One unit offers three upstairs bedrooms, while the other has three total bedrooms