514 Covington St · Ogdensburg, NY 13669

$59,900

3 bd · 1.0 ba · 1,114 sqft · SingleFamily public records · 2 Days on market

Built 1900 5,950 sqft lot Est $49k · 22% over

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.5/10.0
• Schools +3.3/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Welcome to this cozy and functional home in the city of Ogdensburg with views of the St. Lawrence River. Starting on the first floor, you enter the home through a bright enclosed sunroom that leads into the kitchen. All appliances convey except a freezer in basement. Moving into the large double living area you will find new ceiling tiles, carpeting, and paint all done in 2023. The electrical entrance and panel box have all been updated to a 200 amp service as well! Upstairs you will find a large main bedroom, as well as an adjoining room that could be a 2nd bedroom or office space. The full bathroom is also located upstairs and has been freshly painted, and they have added new flooring. The home is aluminum sided, and the owners painted the metal roof in 2024. There is a new shed, and the owners finished the fencing to enclose the yard. The driveway formally dirt, is now stone. They also replaced older pipes with copper and have just replaced the old porch with a wood deck this summer. Come see this little gem! Call an agent for details.

Key facts

• Double living room
• Enclosed sunroom
• New stone driveway

Tags

• ST LAWRENCE RIVER VIEWS
• ENCLOSED SUNROOM
• DOUBLE LIVING ROOM
• UPDATED ELECTRICAL SERVICE
• UPDATED COPPER PLUMBING
• NEW STONE DRIVEWAY

Property features AI

Exterior

• Utilities: Public water; Public sewer; Cable available; Natural gas available
• Home design: Residential property; 2 stories
• Construction: Vinyl siding; Metal roof
• Exterior features: Fenced yard (wood); Porch

Interior

• Kitchen: Gas cooktop; Microwave; Refrigerator
• Bedrooms: 7 total rooms (includes bedrooms and living spaces)
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Hot water heating; Has cooling
• Interior features: Ceiling fan(s); Gas water heater; Has basement; Porch
• Laundry & utility: Washer; Dryer; Main level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Cap rate 12.9% vs local median 5.3% in Ogdensburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#624 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, schools D-, crime F.
• Ogdensburg City School District (town): math 34% / reading 46% proficiency, ranked #531 of 590 in NY (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 127 active listings in the ZIP; 215 units permitted in St. Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($414 loan paydown + $639 appreciation (1.1% local appreciation)).
• St. Lawrence County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.1% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $59,900

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.78% ✓
• Cap rate: 12.89%
• Cash-on-cash: 23.56%
• DSCR: 2.05
• GRM: 4.7

CMA / ARV

• ARV (on-the-fly): $49,016
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
501 St Lawrence Ave	0.36mi	3/1.0	1,107 (-1%)	20mo	$49,000	$44	65
215 Main Streer St	0.23mi	2/1.0 (-1)	1,050 (-6%)	12mo	$45,000	$43	65
212 Ogden St	0.35mi	2/1.0 (-1)	1,114 (0%)	16mo	$40,000	$36	65
818 South Water St	0.66mi	3/1.0	1,155 (+4%)	6mo	$26,000	$23	58
2 Grove St	0.62mi	2/1.0 (-1)	1,226 (+10%)	4mo	$57,500	$47	46
920 Ogden St	0.44mi	2/1.0 (-1)	974 (-13%)	13mo	$23,500	$24	43
406 Oak St	0.59mi	3/2.0	1,189 (+7%)	18mo	$24,500	$21	42
711 New York Ave	0.61mi	3/1.0	1,194 (+7%)	22mo	$70,000	$59	41
706 Ford Ave	0.58mi	2/1.0 (-1)	952 (-14%)	5mo	$76,000	$80	40
511 Ford Ave	0.44mi	2/1.5 (-1)	1,279 (+15%)	22mo	$82,000	$64	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.07% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.9%
• Equity multiple: 2.33×
• Total profit: $22,368
• Equity at exit: $20,659

10-year hold

• IRR: 28.6%
• Equity multiple: 4.48×
• Total profit: $58,290
• Equity at exit: $27,616

Cash invested: $16,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 13669

• Home prices YoY: 0.4%
• Active inventory: 127
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,066 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$174 /mo · $2,087/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $329

Break-even live

Break-even rent $649

Max offer price $59,900

Occupancy floor 64%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-05-22
   status Pending
2. 2026-05-21
   price $59,900
3. 2026-05-20
   listed $69,900 Active
4. 2025-10-21
   soldstatus $53,000 Closed 1056-char remark

   Show marketing remark (1056 chars)

   Welcome to this cozy and functional home in the city of Ogdensburg with views of the St. Lawrence River. Starting on the first floor, you enter the home through a bright enclosed sunroom that leads into the kitchen. All appliances convey except a freezer in basement. Moving into the large double living area you will find new ceiling tiles, carpeting, and paint all done in 2023. The electrical entrance and panel box have all been updated to a 200 amp service as well! Upstairs you will find a large main bedroom, as well as an adjoining room that could be a 2nd bedroom or office space. The full bathroom is also located upstairs and has been freshly painted, and they have added new flooring. The home is aluminum sided, and the owners painted the metal roof in 2024. There is a new shed, and the owners finished the fencing to enclose the yard. The driveway formally dirt, is now stone. They also replaced older pipes with copper and have just replaced the old porch with a wood deck this summer. Come see this little gem! Call an agent for details.

5. 2025-09-10
   status Pending 1056-char remark

   Show marketing remark (1056 chars)

   Welcome to this cozy and functional home in the city of Ogdensburg with views of the St. Lawrence River. Starting on the first floor, you enter the home through a bright enclosed sunroom that leads into the kitchen. All appliances convey except a freezer in basement. Moving into the large double living area you will find new ceiling tiles, carpeting, and paint all done in 2023. The electrical entrance and panel box have all been updated to a 200 amp service as well! Upstairs you will find a large main bedroom, as well as an adjoining room that could be a 2nd bedroom or office space. The full bathroom is also located upstairs and has been freshly painted, and they have added new flooring. The home is aluminum sided, and the owners painted the metal roof in 2024. There is a new shed, and the owners finished the fencing to enclose the yard. The driveway formally dirt, is now stone. They also replaced older pipes with copper and have just replaced the old porch with a wood deck this summer. Come see this little gem! Call an agent for details.

6. 2025-09-02
   listed $60,000 Active 1056-char remark

   Show marketing remark (1056 chars)

   Welcome to this cozy and functional home in the city of Ogdensburg with views of the St. Lawrence River. Starting on the first floor, you enter the home through a bright enclosed sunroom that leads into the kitchen. All appliances convey except a freezer in basement. Moving into the large double living area you will find new ceiling tiles, carpeting, and paint all done in 2023. The electrical entrance and panel box have all been updated to a 200 amp service as well! Upstairs you will find a large main bedroom, as well as an adjoining room that could be a 2nd bedroom or office space. The full bathroom is also located upstairs and has been freshly painted, and they have added new flooring. The home is aluminum sided, and the owners painted the metal roof in 2024. There is a new shed, and the owners finished the fencing to enclose the yard. The driveway formally dirt, is now stone. They also replaced older pipes with copper and have just replaced the old porch with a wood deck this summer. Come see this little gem! Call an agent for details.

7. 2023-10-17
   soldstatus $38,000 Closed 511-char remark

   Show marketing remark (511 chars)

   This cozy, well kept home located at 514 Covington Street offers a large double livingroom, dining room, kitchen, a large master bedroom upstairs and another bedroom and extra room upstairs which could be used as an office space or a small bedroom, a roomy bathroom is also located upstairs. Another feature of this home is the bright sun porch to relax in. There is a limited view of the St. Lawrence River. Outside is a deep backyard and a storage shed. Take time to come visit this home, it won't disappoint.

8. 2023-09-01
   status Pending 511-char remark

   Show marketing remark (511 chars)

   This cozy, well kept home located at 514 Covington Street offers a large double livingroom, dining room, kitchen, a large master bedroom upstairs and another bedroom and extra room upstairs which could be used as an office space or a small bedroom, a roomy bathroom is also located upstairs. Another feature of this home is the bright sun porch to relax in. There is a limited view of the St. Lawrence River. Outside is a deep backyard and a storage shed. Take time to come visit this home, it won't disappoint.

9. 2023-08-17
   historical 511-char remark

   Show marketing remark (511 chars)

   This cozy, well kept home located at 514 Covington Street offers a large double livingroom, dining room, kitchen, a large master bedroom upstairs and another bedroom and extra room upstairs which could be used as an office space or a small bedroom, a roomy bathroom is also located upstairs. Another feature of this home is the bright sun porch to relax in. There is a limited view of the St. Lawrence River. Outside is a deep backyard and a storage shed. Take time to come visit this home, it won't disappoint.

10. 2023-08-17
    status Active 511-char remark

    Show marketing remark (511 chars)

    This cozy, well kept home located at 514 Covington Street offers a large double livingroom, dining room, kitchen, a large master bedroom upstairs and another bedroom and extra room upstairs which could be used as an office space or a small bedroom, a roomy bathroom is also located upstairs. Another feature of this home is the bright sun porch to relax in. There is a limited view of the St. Lawrence River. Outside is a deep backyard and a storage shed. Take time to come visit this home, it won't disappoint.

11. 2023-08-16
    historical 511-char remark

    Show marketing remark (511 chars)

    This cozy, well kept home located at 514 Covington Street offers a large double livingroom, dining room, kitchen, a large master bedroom upstairs and another bedroom and extra room upstairs which could be used as an office space or a small bedroom, a roomy bathroom is also located upstairs. Another feature of this home is the bright sun porch to relax in. There is a limited view of the St. Lawrence River. Outside is a deep backyard and a storage shed. Take time to come visit this home, it won't disappoint.

12. 2023-08-10
    status Active 511-char remark

    Show marketing remark (511 chars)

    This cozy, well kept home located at 514 Covington Street offers a large double livingroom, dining room, kitchen, a large master bedroom upstairs and another bedroom and extra room upstairs which could be used as an office space or a small bedroom, a roomy bathroom is also located upstairs. Another feature of this home is the bright sun porch to relax in. There is a limited view of the St. Lawrence River. Outside is a deep backyard and a storage shed. Take time to come visit this home, it won't disappoint.

13. 2023-08-09
    historical 511-char remark

    Show marketing remark (511 chars)

    This cozy, well kept home located at 514 Covington Street offers a large double livingroom, dining room, kitchen, a large master bedroom upstairs and another bedroom and extra room upstairs which could be used as an office space or a small bedroom, a roomy bathroom is also located upstairs. Another feature of this home is the bright sun porch to relax in. There is a limited view of the St. Lawrence River. Outside is a deep backyard and a storage shed. Take time to come visit this home, it won't disappoint.

14. 2023-07-28
    listed $42,000 Active 511-char remark

    Show marketing remark (511 chars)

    This cozy, well kept home located at 514 Covington Street offers a large double livingroom, dining room, kitchen, a large master bedroom upstairs and another bedroom and extra room upstairs which could be used as an office space or a small bedroom, a roomy bathroom is also located upstairs. Another feature of this home is the bright sun porch to relax in. There is a limited view of the St. Lawrence River. Outside is a deep backyard and a storage shed. Take time to come visit this home, it won't disappoint.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $2,087 · $174/mo
• Projected year-2 tax: $2,087 · $174/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥94°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,794
• − Mortgage interest: −$3,355
• − Property taxes: −$2,087
• − Insurance: −$300
• − Repairs & maintenance: −$1,024
• − Management: −$1,024
• − Depreciation: −$1,743
• Taxable income: $3,263
• Est. tax owed @ 24.0%: −$783
• After-tax cash flow: $3,169/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Ogdensburg City School District
• NCES district ID: 3621660
• Math proficiency: 34% ▼ -15.00%
• Reading proficiency: 46% ▲ 6.00%
• Median HH income: $38,253
• Composite: 33.33/100
• National rank: #5497
• State rank: #531 of 590 in NY

Livability — Ogdensburg

• Score: 66/100
• State rank: #624
• US rank: #11365

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ogdensburg, NY
• Population (ZIP): 15,615

Population outlook (St. Lawrence County) Hauer SSP2

• Today (2025): 110,027 people
• By 2030: 107,455 · -2.3%
• By 2040: 100,492 · -8.7%
• By 2050: 94,254 · -14.3%
• By 2075: 80,175 · -27.1%
• By 2100: 63,140 · -42.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Black 4% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 10% Polish 6% Slovak 3%
• Foreign-born: 3% · Canada, China, Jamaica
• Languages at home: 89% English-only · German/W. Germanic 9% Spanish 1%

Political lean MEDSL · St. Lawrence

• 2024 margin: R (+18.0) · D 41.0% · R 59.0%
• 2008→2024 swing: -34.3pp toward R · 2008: 16.3pp · 2024: -18.0pp
• All cycles: 2024: R+18.0 2020: R+11.7 2016: R+10.8 2012: D+16.6 2008: D+16.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.07%
• Current HPI: 264.0261
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+42.6% since first listed

14 events — show timeline

• 2026-05-22 Pending — SLCMLS
• 2026-05-21 Price Changed $59,900 SLCMLS
• 2026-05-20 Listed $69,900 SLCMLS
• 2025-10-21 Sold (MLS) $53,000 SLCMLS
• 2025-09-10 Pending — SLCMLS
• 2025-09-02 Listed $60,000 SLCMLS
• 2023-10-17 Sold (MLS) $38,000 SLCMLS
• 2023-09-01 Pending — SLCMLS
• 2023-08-17 Delisted — SLCMLS
• 2023-08-17 Relisted — SLCMLS
• 2023-08-16 Delisted — SLCMLS
• 2023-08-10 Relisted — SLCMLS
• 2023-08-09 Delisted — SLCMLS
• 2023-07-28 Listed $42,000 SLCMLS

Property tax history

+138.4%/yr

Latest (2025): $2,087 · +0.7% YoY. Source: county tax records.