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    Massena Seven-Unit Apartment Building

    400 S Main Street Massena, NY 13662

    400 S Main Street, Massena, NY, 13662
    $249,900
    For Sale
    Claim this Listing
    $249,900

    COMMERCIAL - Massena, NY

    Property Size4,380 SF
    Price / SF$57.05
    AddedOct 17, 2025
    Days on Market273
    Last RefreshJul 16 at 12:06 am

    Property Features for 400 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway
    Exterior features
    Outdoor lights
    Standard status
    Active
    APN
    9.083-6-24.11
    Size
    4,380 SF

    Taxes and HOA fees

    Tax Annual Amount
    4700

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1975
    Building materials
    Vinyl siding
    Roof type
    Shingle
    Architectural style
    Other

    Listing agent Diana Dufresne License #10371202021

    Listing office 1st Class Realty Group 256 Main St, Massena, NY

    Listing date Oct 17, 2025

    MLS# 52064

    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 seven-unit apartment building presents an investment opportunity in Massena, New York. The property features six one-bedroom units and one three-bedroom unit. Tenants are responsible for their own utility payments. The building includes ample parking and an additional lot. A full basement is located under the original structure. The property is situated in a location near parks, schools, banks, churches, and shopping. The building has 4380 square feet of space.

    Key Highlights

    • Strong rental history with consistent full occupancy and a waiting list, ensuring reliable income.
    • Tenants pay their own utilities, maximizing owner profitability.
    • Prime, convenient location near parks, schools, banks, churches, shopping, and other local amenities.

    Local 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 $47.8k $10.92
    − Vacancy −$10.6k −$2.41
    EGI $37.3k $8.51
    − OpEx −$16.8k −$3.83
    NOI $20.5k $4.68
    4,380 SF · lease $10.92/SF/yr · vacancy 22.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $292.8K
    $256.2K – $341.6K (±1% cap)
    NOI $20,493 @ 7.0% cap · market cap 8.20%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.09M
    $950.8K – $1.27M (±1% cap)
    NOI $76,065 @ 7.0% cap · market cap 30.44%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Lucy's Treasures Clothing & Fashion Store

    Suggested Use

    HVAC Service Real Estate Agency Electrical Service Skin Care Clinic Bakery Plumbing Service Dental Office (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith

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

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit apartment building in Massena, NY with strong income potential.
    Where is this apartment building located?
    The property is located at 400 S Main Street Massena, NY.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Strong rental history with consistent full occupancy and a waiting list, ensuring reliable income.; Tenants pay their own utilities, maximizing owner profitability.; Prime, convenient location near parks, schools, banks, churches, shopping, and other local amenities.
    Contact an agent
    (315) 769-7533
    We can help!
    Contact an agent
    Diana Dufresne
    Real Estate License ID: 10371202021
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