Four-Unit
For Sale
$164,900
101 and 103 N Main Street, Massena, NY 13662
MULTIFAMILY, Four family, Massena, NY
Property Size2,282 SF
Price / SF$72.26
Days on Market53
Property Features for 101 and 103 N Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Kitchen, Bedroom 1
Parking
8
Patio and Porch features
Porch
Exterior features
Outdoor lights, Porch
Lot features
Level lot
Directions
Located on North Main Street across from Haskell Street. Sign will be put up.
Subdivision
ST LAWRENCE
Standard status
Active
APN
9.050-10-20
Size
2,282 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
4750
Utilities
Utilities
Cable Available
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
4
Flooring type
Wood floors, Vinyl, Carpet, Laminate
Building materials
Vinyl siding
Roof type
Shake
Architectural style
Other
Buildings
1
Listing Agency:
Kassian Real Estate, LLC
(315) 769-0025
Listed By:
Lucille Kassian · License #40KA0346866
(315) 250-2383
Added: Sep 14
Changed: Oct 27
Last Checked: Nov 5 at 9:06AM
MLS# 53409
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.
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Investment Insights
Based on property information with market context.
This four-unit apartment building contains 2,282 square feet and was constructed in 1960. Each apartment includes a bedroom, bathroom, kitchen, and access to the building’s residential layout. Interior finishes include laminate, carpet, wood, and vinyl flooring, while the exterior features vinyl siding, a shake roof, outdoor lighting, and a porch. Public water service and cable availability are also in place.
The property is located at 101 and 103 N Main Street in Massena, within walking distance of downtown. Ample parking supports the four occupied apartments, and tenants pay their own heat and electricity. Property updates include extensive electrical improvements and a new water line.
The property is located at 101 and 103 N Main Street in Massena, within walking distance of downtown. Ample parking supports the four occupied apartments, and tenants pay their own heat and electricity. Property updates include extensive electrical improvements and a new water line.
Key Highlights
- Four occupied apartments in a single 4‑unit building
- 2,282 square feet on two street addresses: 101 and 103 N Main Street
- Built in 1960 with extensive electrical improvements and a new water line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,660
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,200
$233.2K
Cap Rate 7%
$166,571
$166.6K
Cap Rate 9%
$129,556
$129.6K
Market Conditions
NOI Build-Up for 2,282 SF
Gross rent
$21.1K $9.24/SF
− Vacancy
−$4.4K −$1.94/SF
EGI
$16.7K $7.30/SF
− OpEx
−$5.0K −$2.19/SF
NOI
$11.7K $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%
$233,200
Cap Rate 7%
$166,571
Cap Rate 9%
$129,556
Alternative Uses
Best Use
Multifamily LT 5
$166.6K
$145.8K – $194.3K
NOI $11,660 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$152.5K
$133.5K – $178.0K
NOI $10,677 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,630 @ 7.0% cap · market cap 24.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, with residents responsible for their own heat and electricity.
Where is this quadplex located?
The property is located at 101 and 103 N Main Street Massena, NY.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Four occupied apartments in a single 4‑unit building; 2,282 square feet on two street addresses: 101 and 103 N Main Street; Built in 1960 with extensive electrical improvements and a new water line
