4-Unit Apartment
For Sale
$164,900
101 And 103 North Main Street, Massena, NY 13662
All residences are occupied, with tenants paying their own heat and electricity.
Property Size2,282 SF
Price / SF$72.26
Days on Market47
Property Features for 101 And 103 North Main Street
General Information
Standard status
Active
Size
2,282 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Gross Income
$33,420
Multifamily Units
4
Tenant in Place
Yes
Amenities
ample parking
Building Details
Building Size
2,282 SF
Year Built
1960
Buildings
1
Stories
2
Units
4
Listing Agency:
Kassian Real Estate, LLC
(315) 769-0025
Listed By:
Lucy Kassian · License #40KA0346866
(315) 250-2383
Source:
Kassianrealestate
Added: Sep 14
Changed: Oct 28
Last Checked: Oct 29 at 9:11PM
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 Kassian Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 2,282-square-foot apartment property contains four units and was built in 1960. All four apartments are currently occupied. Tenants pay for their own heat and electricity, and the property has ample parking.
Recent property work includes extensive electrical improvements and installation of a new water line. Downtown is within walking distance.
Recent property work includes extensive electrical improvements and installation of a new water line. Downtown is within walking distance.
Key Highlights
- Four apartment units, all currently occupied
- 2,282 square feet; built in 1960
- Tenants pay their own heat and electricity
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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Open Analytics
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are occupied, with tenants paying their own heat and electricity.
Where is this quadplex located?
The property is located at 101 And 103 North 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 apartment units, all currently occupied; 2,282 square feet; built in 1960; Tenants pay their own heat and electricity
