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    Ogdensburg Multifamily Property For Sale Title is generated by Realmo AI

    700 State Street, Ogdensburg, NY 13669

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    For Sale
    $195,000

    2 Story,Two Story, RESIDENTIAL - Ogdensburg, NY

    Property size:
    2,560 SF
    Price / SF:
    $76/SF
    Added:
    May 20, 2026
    Days on Market:
    1
    Last Refresh:
    May 20 at 7:06 pm

    Property Features for 700 State Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Exterior features
    Outdoor Lights
    Appliances
    Dryer, Refrigerator
    Standard status
    Active
    APN
    48.079-12-1
    Size
    2,560 SF

    Taxes and HOA fees

    Tax Annual Amount
    10415

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1874
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Laminate, Tile, Tile - Ceramic, Vinyl
    Building materials
    Brick, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Deborah Polniak

    Listing agent Deborah Polniak License #40PO1137191

    Listing office River Run Realty, LLC 30 Riverwood Acres, Ogdensburg, NY

    Listing date May 20, 2026

    MLS# 52766 Listing URL

    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.

    HighLights

    • Four remodeled units, each with washer, dryer, and appliances included.
    • New (3 years old) metal roof.
    • Updated windows and vinyl siding.
    • Full, dry basement with ample storage and exterior entrance.
    • Off‑street parking.
    • Long‑term tenants (4‑8 years).

    Overview

    This is an extremely well-maintained apartment building featuring four nicely remodeled units. Each unit is spacious and includes a washer, dryer, and appliances. Updated windows and vinyl siding enhance the exterior. The full, dry basement provides ample storage areas for each apartment and includes an exterior entrance. There is plenty of off-street parking, and the exterior is in great condition. A metal roof was installed three years ago. The water heater and boiler unit were newly installed in February 2015. Tenants are responsible for their own electric bills; however, there is a fifth meter for hallway and exterior lights, managed by the landlord on a timer, costing approximately $35 per month. The tenants have occupied the building for between 4 and 8 years and are currently on a month-to-month basis. The property is located in Ogdensburg, NY. The building has a property size of 2560 square feet.
    Property Profile Insight Report 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 Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogdensburg
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.4888756
    Latitude
    44.6932767

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit apartment building with updated features and ample parking.
    Where is this quadplex located?
    The property is located at 700 State Street Ogdensburg, NY.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Four remodeled units, each with washer, dryer, and appliances included.; New (3 years old) metal roof.; Updated windows and vinyl siding.
    (315) 276-9144
    We can help!
    Listing Contact
    Deborah Polniak
    Real Estate License ID: 40PO1137191
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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