Four-Unit Apartment Building with
38 E Main Street Canton, NY 13617
38 E Main Street, Canton, NY, 13617
$268,000
For Sale
$268,000
MULTI_FAMILY - Canton, NY
Property Size3,032 SF
Price / SF$88.39
Days on Market14
Property Features for 38 E Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
- Parking
- 4
- Patio and Porch features
- Porch
- Exterior features
- Covered porch, Outdoor lights, Storage/out-building(s)
- Standard status
- Active
- APN
- 88.043-5-3
- Size
- 3,032 SF
Taxes and HOA fees
- Tax Annual Amount
- 7490
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Vinyl, Hardwood
- Building materials
- Wood siding
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
Grasse River Real Estate, LLC
(315) 386-4521
4 E Main St., Canton, NY
Listed by
Gail C Abplanalp · License #30AB0995647
(315) 854-4293
Added: Jul 4 Checked: Jul 17 at 5:06 pm
MLS# 53031
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.
Investment Insights
Based on property information with market context.
This four-unit apartment building offers a simple, diversified rental mix with two efficiency apartments and two two-bedroom apartments. The property is designed as residential income housing and includes off-street parking for tenant convenience.
Located at 38 E Main Street in Canton, NY 13617, the building is described as being close to the village, schools, and local amenities. Its central setting supports day-to-day accessibility for prospective tenants.
With two efficiencies and two larger two-bedroom units, the layout can appeal to a range of household types, from smaller rentals to tenants seeking additional space. The off-street parking is a practical feature for day-to-day living. This property may be a good fit for an investor building a small portfolio or for a buyer looking to acquire an entry-level residential income asset with multiple rental units in one building.
Located at 38 E Main Street in Canton, NY 13617, the building is described as being close to the village, schools, and local amenities. Its central setting supports day-to-day accessibility for prospective tenants.
With two efficiencies and two larger two-bedroom units, the layout can appeal to a range of household types, from smaller rentals to tenants seeking additional space. The off-street parking is a practical feature for day-to-day living. This property may be a good fit for an investor building a small portfolio or for a buyer looking to acquire an entry-level residential income asset with multiple rental units in one building.
Key Highlights
- Four‑unit apartment building built in 1960
- Unit mix includes two efficiency apartments and two two‑bedroom apartments
- Off‑street parking available
Local Financial Insights For Multifamily LT 5
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 | $28.0k | $9.24 |
| − Vacancy | −$5.9k | −$1.94 |
| EGI | $22.1k | $7.30 |
| − OpEx | −$6.6k | −$2.19 |
| NOI | $15.5k | $5.11 |
3,032 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$221.3K
$193.7K – $258.2K
NOI $15,493 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$202.7K
$177.3K – $236.4K
NOI $14,186 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$752.2K
$658.2K – $877.6K
NOI $52,655 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit rental building with two efficiency and two two-bedroom apartments, plus off-street parking.
Where is this quadplex located?
The property is located at 38 E Main Street Canton, NY.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: Four‑unit apartment building built in 1960; Unit mix includes two efficiency apartments and two two‑bedroom apartments; Off‑street parking available
