About This Home

This 7-bedroom, 3-bathroom residential multi family at 573 John St #5 in Little Falls, NY is listed for $159,900 ($35 per sqft). Built in 1902, the home offers 4,558 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1902
  • 0.14 acre lot
  • 3 stories

Property Details

3 stories
3 full
#5
1902

Amenities

Hardwood
Listing Description

Every real estate portfolio has an origin story. This could be yours. Maybe you've been waiting for the "right" investment-the one where the price makes sense, the income is already flowing and the potential doesn't require a spreadsheet full of wishful thinking.

Well, here it is: a three-unit property in the charming bedroom community of Little Falls generating $3,550 in monthly rents, with tenants paying their own utilities except water. In other words: RUN. THE. DIGITS. The two side-by-side, above-grade residences are absolutely massive, each offering three to four bedrooms, generously sized living space

s, kitchens with loads of space and full-functionality, sun-drenched bedrooms and plenty of thoughtful updates. These aren't cramped little apartments; they're substantial homes with the space and flexibility renters are searching for. And the ultra desirable side-by-side layout makes the spaces even that much more, just that desireable.

Find a great new tenant for the one vacant unit - it won't be hard! Downstairs, a compact third unit adds another layer of opportunity-continue using it as a long-term rental or explore its potential as a quiet short-term stay, subject to local requirements.

Three units. Multiple income streams. One remarkably approachable price. 65k in unseen improvements done to the property seventeen years ago. Tons of visible improvements done to the make the property more attractive just in the last couple years. Updated mechanicals, to boot!

And an adorable little community to call your own - full of little shops, quaint stores and cafes and beautiful parks and water all around you. Perhaps this becomes the first property in your portfolio. Perhaps it slides perfectly into the one you're already building.

Either way, years from now, when someone asks how you began creating wealth through real estate, wouldn't it be fun to say, "It all started with that three-unit in Little Falls"? The numbers work. The possibilities are plentiful. And the opportunity is sitting right here. Go ahead-try to find a better one. We dare you.

Monthly Cost Estimate

$855/mo

20% down · 6.5% · 30 years

Principal$116
Interest$693
Insurance$47

Estimates only. Actual payments may vary.

Location

573 John St #5

Little Falls, NY 13365

Property Details

Flooring

HardwoodLaminate

Construction

Vinyl Siding

Heating

Forced AirNatural Gas

Questions & Answers

This 7-bedroom, 3-bathroom residential multi family at 573 John St is listed at $159,900 ($35/sqft). The estimated monthly payment is $856 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1902, 0.14 acre lot, 3 stories.

This property is listed by Nathaniel Crossett.

NC

Nathaniel Crossett

Agent at THE BOUTIQUE REAL ESTATE SHOPPE

Listed by THE BOUTIQUE REAL ESTATE SHOPPE · Broker phone: 315-717-4058 · View on Broker Site

MLS# 11905483· Source: My State MLS· 91 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

573 John St #5, Little Falls, NY 13365

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