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Massena Multifamily Property with Potential

67 County Route 40 Massena, NY 13662

67 County Route 40, Massena, NY, 13662

$219,000

For Sale

$219,000

COMMERCIAL - Massena, NY

Property Size4,192 SF

Lot Size1.20 Acres

Price / SF$52.24

AddedApr 8

Days on Market100

Last RefreshJul 16 at 2:06 am

Property Features for 67 County Route 40

General Information

Property type: Commercial Sale
Property subtype: Other
Bedrooms: 4
Bathrooms: 4
Rooms: Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 3
Parking features: Driveway, Garage - Attached, Garage
Standard status: Active
APN: 16.071-1-11.1
Size: 4,192 SF
Lot size: 1.20 Acres

Taxes and HOA fees

Tax Annual Amount: 4371

Utilities

Utilities: Cable Available
Water source: Public

Building Details

Year built: 1987
Floors in Building: 2
Building materials: Vinyl siding
Roof type: Metal
Architectural style: Other

Listing agent Carmen Kenney License #10401334224

Listing office Dufrane Real Estate, LLC 235 Main St., Massena, NY

Listing date Apr 8, 2026

MLS# 52520

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 property features four rental units, each with one bedroom and one bathroom. Each unit includes a stove and refrigerator, with three units also equipped with a dishwasher. A utility/coin laundry room houses four electric water heaters and separate electric meters. The building is equipped with 3 Phase commercial power. All four apartment units, a garage workshop, and a bonus unfinished unit are heated with electric. One unit is currently rented for $650 per month, while the other three are vacant but previously rented for $750 per month. Situated on a 1.2-acre lot just outside of Massena, the property includes two paved driveways and a circular concrete driveway. The building has newer metal roofing, vinyl siding, and a seamless gutter system installed in 2023. A drain was installed at the back of the property in 2023 to manage moisture. Natural gas is available. The property offers additional rentable potential.

Key Highlights

4 rental units on a 1.2‑acre lot; each unit is 1 bed and 1 bath
Unit features include a stove and refrigerator; 3 units also include a dishwasher
Separate electric meters and a utility/coin laundry room with 4 electric water heaters

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$45.8k	$10.92
− Vacancy	−$10.1k	−$2.41
EGI	$35.7k	$8.51
− OpEx	−$16.0k	−$3.83
NOI	$19.6k	$4.68

4,192 SF · lease $10.92/SF/yr · vacancy 22.10% · expense 45.00%

Alternative Uses

Best Use

Multifamily LT 5

$306.0K

$267.8K – $357.0K (±1% cap)

NOI $21,420 @ 7.0% cap · market cap 9.78%

Second Best

Apartment 5plus

$280.2K

$245.2K – $326.9K (±1% cap)

NOI $19,613 @ 7.0% cap · market cap 8.96%

Theoretical Best

Office A

$1.04M

$910.0K – $1.21M (±1% cap)

NOI $72,800 @ 7.0% cap · market cap 33.24%

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

Property Analytics

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Current Use by Public Records

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For sale
Quadplexes
NY
Massena
13662
67 County Route 40

What type of property is this?

Quadplex - Four units with additional rentable potential on a 1.2-acre lot.

Where is this quadplex located?

The property is located at 67 County Route 40 Massena, NY.

What is the asking price?

The asking price for this property is $219,000.

What are key features of this property?

This property features: 4 rental units on a 1.2‑acre lot; each unit is 1 bed and 1 bath; Unit features include a stove and refrigerator; 3 units also include a dishwasher; Separate electric meters and a utility/coin laundry room with 4 electric water heaters

67 County Route 40 Massena, NY 13662

COMMERCIAL - Massena, NY

Property Features for 67 County Route 40

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Turnkey Diner and Gift Shop

Vacant Former Car Wash Property

Profitable Storage Unit Business For Sale

Medical Office and Apartment Building

Mixed-Use Building with Renovation Potential

Massena Commercial Building with Apartment

Massena Commercial Building with Apartment

Pharmaceutical Manufacturing and Distribution Facility

Massena Commercial Property For Sale

Flex Warehouse with Offices

Medical Office with Residential Apartments

Massena Medical Building Opportunity

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