Multifamily Property with Multiple
For Sale
$625,000
84 Court Street, Plattsburgh, NY 12901
Residentially zoned building with multiple units, electric service, and on-site ranges and refrigerators.
Property Size5,352 SF
Days on Market117
Property Features for 84 Court Street
General Information
Standard status
Active
Size
5,352 SF
Total Parking Spaces
10
Property subtype
Residential Income
Zoning
Residential
Taxes and HOA fees
Annual Taxes
$20,047
Amenities
Ceiling Fan(s), Multi Units
Electric
Crawl Space, Dirt Floor
Range, Refrigerator
Ceiling Fan(s), Pantry
City
Asphalt
Other
Building Details
Building Size
5,352 SF
Year Built
1965
Buildings
1
Stories
3
Listing Agency:
RE/MAX North Country
Listed By:
Denise Calkins Ryder · License #30RY0661844
(518) 563-1200
Source:
Evrealestate
Added: Jun 24
Changed: Oct 18
Last Checked: Oct 16 at 8:04AM
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 RE/MAX North Country
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1965 and is zoned Residential. The building includes multiple units with electric service, ceiling fans, pantries, ranges, and refrigerators. Additional physical features include a crawl space with a dirt floor and an asphalt exterior surface.
The property is located at 84 Court Street in Plattsburgh, New York. Court Street is a one-way route through the North Catherine Street crossing, with the building positioned on the right when approaching through that intersection.
The property is located at 84 Court Street in Plattsburgh, New York. Court Street is a one-way route through the North Catherine Street crossing, with the building positioned on the right when approaching through that intersection.
Key Highlights
- Multiple‑unit multifamily building
- Residential zoning
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,622
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,440
$812.4K
Cap Rate 7%
$580,314
$580.3K
Cap Rate 9%
$451,356
$451.4K
Market Conditions
NOI Build-Up for 5,352 SF
Gross rent
$80.3K $15.00/SF
− Vacancy
−$6.4K −$1.20/SF
EGI
$73.9K $13.80/SF
− OpEx
−$33.2K −$6.21/SF
NOI
$40.6K $7.59/SF
Area
Clinton County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,440
Cap Rate 7%
$580,314
Cap Rate 9%
$451,356
Alternative Uses
Best Use
Apartment 5plus
$580.3K
$507.8K – $677.0K
NOI $40,622 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,272 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 12901, NY
32,147
Population
15,426
Households
2.1
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
70.6 sq mi
ZIP Area
455
Density / Sq Mi
$59,413
Median Household Income
$35,385
Median Earnings
$957
Median Rent
$182,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residentially zoned building with multiple units, electric service, and on-site ranges and refrigerators.
Where is this multifamily property located?
The property is located at 84 Court Street Plattsburgh, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Multiple‑unit multifamily building; Residential zoning; Built in 1965
