Unique Income-Producing Apartment Buildings

3418 & 3420 State Route 104 Mexico, NY 13114

Claim this Listing
For Sale
$1,500,000

Well-maintained apartments with long-term tenants and potential office space.

Type:Investment
Lot size:
1.12 Acres
Added:
Mar 11, 2026
Days on Market:
123
Last Refresh:
Jul 2 at 7:49 pm

Property Features for 3418 & 3420 State Route 104

General Information

Standard status
Active
Lot size
1.12 Acres
Property subtype
Investment

Building Details

Year Built
1992

Listing office NextHome, Inc

Listing date Mar 11, 2026

Source Elliman

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 NextHome, Inc


Investment Insights

Based on property information with market context.

This unique income-producing property features four first-floor apartments and three second-floor apartments across two buildings on a single tax ID. The property has been under the same ownership since May 1986 and is well-maintained. A new building, constructed in 1992, houses four apartments and a three-car garage. A fully furnished Airbnb unit, completed in 2013, caters to guest stays. The property benefits from long-term tenants and substantial silo income, offering a strong return on investment. Operating cost and income data are available for buyer's financial mortgage underwriter. Exterior maintenance is straightforward, and interior features are regularly updated and refurbished. The property utilizes village water and sewer services, along with gas and electric utilities. Clear property markings and pins are in place, and paved drives lead to an ample parking lot. Mail delivery is conveniently located at the end of the driveway. Situated within the Mexico school system, the property is within walking distance of banking, shopping, recreation, and highway access. Unlike typical commercial flat-roofed complexes, this property offers a personal and accommodating atmosphere. There is potential for office use in building 1. One of the apartments could be owner-occupied.

Key Highlights

  • Proven income‑generating property with long‑term tenants and SILO income, offering a great return on investment.
  • Two buildings on one tax ID, including a newer building (#3420) built in 1992 with 4 apartments and a three‑car garage.
  • Well‑maintained property owned by the same owner since 1986, with regularly updated and refurbished interiors.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Real Estate Agency Hair Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nail Salon Building Supply Auto Repair Shop (Bike/Boat/Book/etc) Store Daycare Center Dental Office

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

FAQs

What type of property is this?
Apartment building - Well-maintained apartments with long-term tenants and potential office space.
Where is this apartment building located?
The property is located at 3418 & 3420 State Route 104 Mexico, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Proven income‑generating property with long‑term tenants and SILO income, offering a great return on investment.; Two buildings on one tax ID, including a newer building (#3420) built in 1992 with 4 apartments and a three‑car garage.; Well‑maintained property owned by the same owner since 1986, with regularly updated and refurbished interiors.
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