Tenant-Occupied
For Sale
$255,000
7 N Jefferson Street, Champion, NY 13619
Two separately metered residences provide distinct layouts, natural gas heat, and off-street parking.
Property Size2,569 SF
Price / SF$99.26
Days on Market13
Property Features for 7 N Jefferson Street
General Information
Standard status
Active
Size
2,569 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1880
Buildings
1
Tenancy
Multi
Listing Agency:
TLC Real Estate LLC - Carthage
(315) 493-1111
Listed By:
Luann Twombly · License #BARLOWLU
Source:
716realtygroup
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 29 at 6:20AM
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
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.
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 = 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
$21,152
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
8.29%
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%
$423,040
$423.0K
Cap Rate 7%
$302,171
$302.2K
Cap Rate 9%
$235,022
$235.0K
Market Conditions
NOI Build-Up for 2,569 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
$32.4K $12.60/SF
− Vacancy
−$2.2K −$0.84/SF
EGI
$30.2K $11.76/SF
− OpEx
−$9.1K −$3.53/SF
NOI
$21.2K $8.23/SF
Area
Jefferson County, NY
Vacancy
6.65%
Lease Rate
$12.60 /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%
$423,040
Cap Rate 7%
$302,171
Cap Rate 9%
$235,022
Alternative Uses
Best Use
Multifamily LT 5
$302.2K
$264.4K – $352.5K
NOI $21,152 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$270.3K
$236.5K – $315.4K
NOI $18,922 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$708.2K
$619.6K – $826.2K
NOI $49,571 @ 7.0% cap · market cap 19.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $255,000.
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
