Up/Down Duplex with Laundry
72 Cornelia Street Plattsburgh, NY 12901
72 Cornelia Street, Plattsburgh, NY, 12901
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For Sale
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Centrally located up/down duplex with two large 3-bedroom, 1-bath units, each featuring laundry.
Property Size2,740 SF
Price / SF$108.76
Days on Market80
Property Features for 72 Cornelia Street
General Information
- Standard status
- Active
- Size
- 2,740 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Whitbeck
(518) 418-2222
Listed by
William Duffany · License #NY
Source
Crexi
Added: May 5 Updated: Jul 22 at 9:07PM Checked: Jul 22 at 9:07PM
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 Coldwell Banker Whitbeck
Investment Insights
Based on property information with market context.
This centrally located up/down duplex is currently used as student housing and offers two large 3-bedroom, 1-bath units. Each unit includes its own laundry, and the property is described as well-maintained with stable performance year over year and efficient operating costs.
Both units are leased through May 2026, and there is already interest noted for the following academic year. The remarks also indicate rents are under market, with utilities potentially able to be shifted to tenants.
As a residential income property, it could be suitable for investors seeking continued rental income or for an alternative furnished, short-term housing approach, depending on buyer goals and applicable requirements.
Both units are leased through May 2026, and there is already interest noted for the following academic year. The remarks also indicate rents are under market, with utilities potentially able to be shifted to tenants.
As a residential income property, it could be suitable for investors seeking continued rental income or for an alternative furnished, short-term housing approach, depending on buyer goals and applicable requirements.
Key Highlights
- Up/down duplex built in 1900 with two large 3‑bedroom, 1‑bath units
- Each unit includes in‑unit laundry
- Both units are leased through May 2026 and have interest for the following academic year
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.2k | $13.20 |
| − Vacancy | −$2.7k | −$1.00 |
| EGI | $33.4k | $12.20 |
| − OpEx | −$10.0k | −$3.66 |
| NOI | $23.4k | $8.54 |
2,740 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.2K
$292.4K – $389.9K
NOI $23,393 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$297.1K
$260.0K – $346.6K
NOI $20,797 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$755.3K
$660.9K – $881.2K
NOI $52,871 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Centrally located up/down duplex with two large 3-bedroom, 1-bath units, each featuring laundry.
Where is this duplex located?
The property is located at 72 Cornelia Street Plattsburgh, NY.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Up/down duplex built in 1900 with two large 3‑bedroom, 1‑bath units; Each unit includes in‑unit laundry; Both units are leased through May 2026 and have interest for the following academic year
