Duplex with Shared
For Sale
$144,999
10 Belmont St, Massena, NY 13662
Two three-bedroom units have separate heating systems and access to basement laundry hookups.
Property Size1,768 SF
Price / SF$82.01
Days on Market138
Property Features for 10 Belmont St
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Building Size
1,768 SF
Year Built
1925
Stories
2
Units
2
Listing Agency:
Yelle Realty, LLC
(315) 705-2400
Listed By:
Brittany Rushlow
(315) 250-4110
Source:
Homerootsrealty
Added: Jun 10
Changed: Oct 25
Last Checked: Oct 23 at 5:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Yelle Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,768-square-foot duplex contains two units, each with three bedrooms and one full bathroom. A shared basement includes washer and dryer hookups. The upper unit is heated by electricity, while the lower unit has a gas furnace. The property was built in 1925 and is located at 10 Belmont St in Massena, New York.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- 1,768 square feet; built in 1925
- Shared basement with washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,034
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,680
$180.7K
Cap Rate 7%
$129,057
$129.1K
Cap Rate 9%
$100,378
$100.4K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$16.3K $9.24/SF
− Vacancy
−$3.4K −$1.94/SF
EGI
$12.9K $7.30/SF
− OpEx
−$3.9K −$2.19/SF
NOI
$9.0K $5.11/SF
Area
St. Lawrence County, NY
Vacancy
21.00%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,680
Cap Rate 7%
$129,057
Cap Rate 9%
$100,378
Alternative Uses
Best Use
Multifamily LT 5
$129.1K
$112.9K – $150.6K
NOI $9,034 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$118.2K
$103.4K – $137.9K
NOI $8,272 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$438.6K
$383.8K – $511.7K
NOI $30,704 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
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Business Placement
Demographics for 13662, NY
15,814
Population
7,785
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
89.2 sq mi
ZIP Area
177
Density / Sq Mi
$56,987
Median Household Income
$38,535
Median Earnings
$712
Median Rent
$118,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units have separate heating systems and access to basement laundry hookups.
Where is this duplex located?
The property is located at 10 Belmont St Massena, NY.
What is the asking price?
The asking price for this property is $144,999.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bathroom; 1,768 square feet; built in 1925; Shared basement with washer and dryer hookups
