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    7391 State Route 3 Port Ontario, NY 13142

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    For Sale
    $150,000

    Income-generating 5-unit apartment building near Lake Ontario and Salmon River.

    Lot size:
    2.18 Acres

    Property Features for 7391 State Route 3

    General Information

    Lot size
    2.18 Acres

    Building Details

    Year built
    1984

    Source: Hunt Real Estate ERA Agent Jaclyn Thomas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    5-Unit Apartment Building Investment

    This 5-unit apartment building presents an investment opportunity in a desirable location near Lake Ontario and the Salmon River. The property features four studio apartments and one two-bedroom unit, offering income-generating potential. Tenants benefit from ample off-street parking located behind the building. This property is positioned as a strategic addition for expanding an investment portfolio or starting a new venture, with strong rental appeal.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Building Supply Hotel & Motel Convenience Store Breakfast Bed & Breakfast Diner Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Ontario
    County
    Oswego
    State
    New York
    Longitude
    -76.187334
    Latitude
    43.56584

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    FAQs

    What type of property is this?
    Apartment building - Income-generating 5-unit apartment building near Lake Ontario and Salmon River.
    Where is this apartment building located?
    The property is located at 7391 State Route 3 Port Ontario, NY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Income-generating 5-unit apartment building.; - Desirable location near Lake Ontario and Salmon River.; - Four studio apartments and one two-bedroom unit.
    (315) 383-0352
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    Port Ontario, NY 13142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7391 State Route 3 Port Ontario, NY 13142
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