Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    187 Center St Massena, NY 13662

    View on Map
    Sponsored
    Picture of Triplexes at Center St 187, Massena, NY
    For Sale
    $79,000

    MULTI-FAMILY - Massena, NY

    Type:Multi Family
    Days on Market:
    235
    Last Refresh:
    Mar 15 at 6:06 am

    Property Features for 187 Center St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    9.059-11-4

    Building Details

    Year built
    1950
    Floors in Building
    2
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Timothy P Post

    Paul Post Realty (315) 769-2414

    Listing agent Timothy P Post (315) 769-2414 License #30PO0714028

    Listing date Jul 24, 2025

    MLS# 51668 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Massena, NY Multi-Family Building

    This multi-family property in Massena, NY, features a three-unit apartment building. It is presented as a great investment opportunity, generating a monthly rental income of $2100. Each unit has a separate electric meter.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Massena
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.883839
    Latitude
    44.9340306

    Nearby Similar for Sale

    • $159,000
      1,280 SF

      Massena Office Building For Sale

      Well-maintained office building in downtown Massena, suitable for various uses.
      1 Garvin Ave, Massena, NY 13662
      View Details
    • New
      $189,000
      2,072 SF

      Renovated Commercial Property with Railcar

      Flexible commercial space with professional kitchen and roadside visibility.
      9355 State Highway 56, Massena, NY 13662
      View Details
    • $427,000
      1.50 Acres

      Massena Retail and Warehouse Space

      Commercial property with retail, warehousing, and parking in Massena.
      487 S Main St, Massena, NY 13662
      View Details
    • $599,000
      49,032 SF

      Massena Trucking and Logistics Base

      Commercial property with loading docks, storage, and maintenance shop.
      50 Burney Ave, Massena, NY 13662
      View Details
    • $399,000

      Massena Restaurant and Lounge

      Profitable restaurant and lounge with waterfront deck and entertainment.
      4 Main St, Massena, NY 13662
      View Details
    • $399,000
      6,366 SF

      Massena Medical Building Opportunity

      Multi-family/commercial building in downtown Massena, near Canadian border.
      72 Main St, Massena, NY 13662
      View Details
    • $400,000
      6,000 SF

      Commercial Building in Massena, NY

      6000 sq ft commercial building in the heart of Massena.
      35 Glenn St, Massena, NY 13662
      View Details
    • $999,900
      1 SF

      Massena Multifamily Investment Opportunity

      Four buildings with 16 units, mostly remodeled, in Massena, NY.
      3 Cedar St, Massena, NY 13662
      View Details
    • New
      $299,000
      6,000 SF

      Massena Multifamily Investment Opportunity

      Six-unit residential property with additional lot in Massena, NY.
      85 Beach St, Massena, NY 13662
      View Details
    • $65,000

      Unique Commercial Building in Massena

      Versatile building with excellent potential in Massena Village.
      16 Church St, Massena, NY 13662
      View Details
    • $999,900

      Massena Multifamily and Storage Investment

      Multifamily and storage units in Massena, NY for sale.
      15 Cook St, Massena, NY 13662
      View Details
    • New
      $144,900
      1,624 SF

      Immaculate Massena Duplex For Sale

      Well-maintained duplex in Massena, NY, ideal for investors or owner-occupiers.
      6 Garvin Ave, Massena, NY 13662
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit apartment building with a monthly rental income.
    Where is this triplex located?
    The property is located at 187 Center St Massena, NY.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: - Monthly rental income of $2100.; - 3 unit apartment building.; - Great investment opportunity.
    (315) 250-3527
    Request Owner's contact information
    187 Center St Massena, NY 13662
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    187 Center St
    Massena, NY 13662
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    187 Center St Massena, NY 13662
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Timothy P Post
    Real Estate License ID: 30PO0714028
    (315) 250-3527 (315) 769-2414
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!