Updated Two-Unit Residential
96 MAIN ST Potsdam, NY 13676
For Sale
$185,000
Two residential units with extensive updates, both currently rented, plus a two-car garage, clean basement, and in-ground pool.
Property Size3,341 SF
Price / SF$55.37
Days on Market349
Property Features for 96 MAIN ST
General Information
- Standard status
- Active
- Size
- 3,341 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency:
Trego Realty Group, LLC
(315) 705-5542
Listed By:
Joseph DiMatteo · License #10401398524
(315) 244-4870
Source:
Xome
Added: Aug 12, 2025
Changed: Jul 23
Last Checked: Jul 26 at 3:31AM
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 Trego Realty Group, LLC
Investment Insights
Based on property information with market context.
This well-maintained two-unit property features extensive updates across both residences. Unit 1 is spread over two full floors and includes three large bedrooms, two full bathrooms, and a dedicated laundry room. The home also includes a newly updated kitchen, new flooring, and new windows to support a bright, move-in-ready layout. Unit 2 is a third-floor apartment with three generously sized bedrooms, a large updated full bathroom, and an updated kitchen.
Additional improvements include a newer furnace, new heat runs, circuit breaker electrical, and new secure doors for each unit with keyless entry, along with a very clean basement. Outside, the property offers a large two-car garage with powered garage doors and an in-ground pool.
Both units are currently rented, providing immediate rental income while continuing to appeal to buyers seeking an owner-occupy-and-rent structure at 96 Main St, Potsdam, NY 13676.
Additional improvements include a newer furnace, new heat runs, circuit breaker electrical, and new secure doors for each unit with keyless entry, along with a very clean basement. Outside, the property offers a large two-car garage with powered garage doors and an in-ground pool.
Both units are currently rented, providing immediate rental income while continuing to appeal to buyers seeking an owner-occupy-and-rent structure at 96 Main St, Potsdam, NY 13676.
Key Highlights
- Two residential units in one property, with both units currently rented
- Recent updates include a newly updated kitchen, new flooring, and all new windows in Unit 1
- Unit 1 offers three bedrooms, two full bathrooms, and a dedicated laundry room across two full floors
Financial Insights For Apartment 5plus
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 | $36.5k | $10.92 |
| − Vacancy | −$8.1k | −$2.41 |
| EGI | $28.4k | $8.51 |
| − OpEx | −$12.8k | −$3.83 |
| NOI | $15.6k | $4.68 |
3,341 SF · lease $10.92/SF/yr · vacancy 22.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.9K
$213.4K – $284.5K
NOI $17,072 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$223.3K
$195.4K – $260.5K
NOI $15,631 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$828.9K
$725.3K – $967.0K
NOI $58,021 @ 7.0% cap · market cap 31.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two residential units with extensive updates, both currently rented, plus a two-car garage, clean basement, and in-ground pool.
Where is this duplex located?
The property is located at 96 MAIN ST Potsdam, NY.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two residential units in one property, with both units currently rented; Recent updates include a newly updated kitchen, new flooring, and all new windows in Unit 1; Unit 1 offers three bedrooms, two full bathrooms, and a dedicated laundry room across two full floors
