Two-Unit Duplex with Covered
New
For Sale
$174,900
9 Washington St, Potsdam, NY 13676
MULTIFAMILY, 2 Story, Old Style, Potsdam, NY
Property Size1,776 SF
Price / SF$98.48
Days on Market1
Property Features for 9 Washington St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Dining Room, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Patio and Porch features
Porch
Exterior features
Covered porch
Directions
From Price Chopper in Potsdam, go towards the village and take a right onto Washington Street and the home will be on the right hand side of the road.
Subdivision
ST LAWRENCE
Standard status
Active
APN
64.050-4-24
Size
1,776 SF
Taxes and HOA fees
Tax Annual Amount
4914
Utilities
Utilities
Cable Available
Water source
Public
Amenities
covered front porch
parking area
laundry area
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet
Building materials
Vinyl siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Fiacco Realty, LLC
(315) 854-7529
Listed By:
Amanda Fiacco · License #10491212047
(315) 261-9809
Added: Aug 30
Last Checked: Aug 30 at 2:06PM
MLS# 53301
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.
Investment Insights
Based on property information with market context.
This 1,776-square-foot duplex, built in 1890, contains two separate apartments: a renovated three-bedroom lower residence and an upper apartment with two bedrooms plus connected bonus rooms. The lower unit includes a refreshed kitchen with hickory cabinetry, granite counters, backsplash, tile flooring, and space for dining. The upper unit has its own kitchen, a bright living room, two bedrooms, and a bathroom. Appliances remain with both apartments.
A covered front porch adds exterior character, while the side parking area provides off-street convenience. The basement houses laundry equipment, two natural gas boilers, and two electric hot water heaters. Vinyl siding and the shingle roof have both been replaced, and the property includes public water and cable availability. Restaurants, retail, schools, colleges, and a park are within walking distance in Potsdam.
A covered front porch adds exterior character, while the side parking area provides off-street convenience. The basement houses laundry equipment, two natural gas boilers, and two electric hot water heaters. Vinyl siding and the shingle roof have both been replaced, and the property includes public water and cable availability. Restaurants, retail, schools, colleges, and a park are within walking distance in Potsdam.
Key Highlights
- Two‑apartment duplex with a 3‑bedroom lower unit and 2‑bedroom upper unit
- 1,776 square feet on a 1890‑built property
- Renovated lower apartment kitchen with hickory cabinets, granite counters, backsplash, and tile flooring
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
$9,075
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
5.19%
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%
$181,500
$181.5K
Cap Rate 7%
$129,643
$129.6K
Cap Rate 9%
$100,833
$100.8K
Market Conditions
NOI Build-Up for 1,776 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
$16.4K $9.24/SF
− Vacancy
−$3.4K −$1.94/SF
EGI
$13.0K $7.30/SF
− OpEx
−$3.9K −$2.19/SF
NOI
$9.1K $5.11/SF
Area
St. Lawrence County, NY
Vacancy
21.00%
Lease Rate
$9.24 /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%
$181,500
Cap Rate 7%
$129,643
Cap Rate 9%
$100,833
Alternative Uses
Best Use
Multifamily LT 5
$129.6K
$113.4K – $151.3K
NOI $9,075 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$118.7K
$103.9K – $138.5K
NOI $8,309 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$440.6K
$385.5K – $514.1K
NOI $30,843 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 13676, NY
13,211
Population
5,955
Households
2.2
Avg Household Size
32
Median Age
40%
College-Educated
94%
High-School Grad
159.7 sq mi
ZIP Area
83
Density / Sq Mi
$56,900
Median Household Income
$28,147
Median Earnings
$868
Median Rent
$148,800
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 - Remodeled lower-level residence with updated finishes, conveying appliances, and off-street parking beside the building.
Where is this duplex located?
The property is located at 9 Washington St Potsdam, NY.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two‑apartment duplex with a 3‑bedroom lower unit and 2‑bedroom upper unit; 1,776 square feet on a 1890‑built property; Renovated lower apartment kitchen with hickory cabinets, granite counters, backsplash, and tile flooring
