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7-Unit Apartment House Investment

400 Suth Main Street Massena, NY 13662

400 Suth 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
AddedDec 3, 2025
Days on Market225
Last RefreshJul 16 at 12:06 am

Property Features for 400 Suth Main Street

General Information

Property type
Commercial Sale
Property subtype
Other
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 Dec 3, 2025

MLS# 52212

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 7-unit apartment house presents an investment opportunity, featuring six one-bedroom units and one three-bedroom apartment. The property is located near local amenities, offering convenience for tenants. The property has a strong rental history and is fully occupied with a waiting list. Tenants are responsible for their own utilities. Off-street parking is available, and an additional lot is included. A full basement under the original structure provides storage space or potential for expansion. The property is a turn-key investment with potential for future growth. The building size is 4380 square feet.

Key Highlights

  • Strong rental history with consistent full occupancy and a waiting list.
  • Excellent location near shopping, dining, schools, and services.
  • Tenants pay their own utilities, maximizing owner profitability.

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

Location Intelligence

Current Use by Public Records

Apartment buildings

FAQs

What type of property is this?
Apartment building - Turn-key investment property with reliable income and growth potential.
Where is this apartment building located?
The property is located at 400 Suth 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.; Excellent location near shopping, dining, schools, and services.; Tenants pay their own utilities, maximizing owner profitability.
Contact an agent
More about this property
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