Waterfront Mixed-Use Investment
131 St Lawrence Avenue, Waddington, NY 13694
- Added:
- May 8, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 131 St Lawrence Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 4, Bathroom 3, Family Room, Bedroom 1, Bedroom 5, Bedroom 2, Laundry Room, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 6
- Parking
- 20
- Parking features
- Driveway
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling fan(s), Modern kitchen, Natural wood, Open floor plan, Walk-in closet(s), Window treatments
- Exterior features
- Balcony, Covered patio, Covered porch, Outdoor lights, Patio, Porch, Storage/out-building(s)
- Standard status
- Active
- APN
- 21.024-1-2
- Size
- 3,840 SF
Taxes and HOA fees
- Tax Annual Amount
- 7810
Utilities
- Utilities
- Cable Available
- Water source
- Public
- Water front
- 1
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate
- Building materials
- Vinyl siding
- Roof type
- Shingle
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing agent Lisa O'Brien License #10491212419 (315) 244-5746
Listing office O'Brien Properties, LLC 27 Wright Camp Road, Ogdensburg, NY (315) 244-5746
Listing date May 8, 2026
MLS# 52702
Listing URL
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.
HighLights
- 4‑unit property with 5,760 SF of heated interior space, including fully furnished 1 bed/1 bath unit operating as an Airbnb
- 85 ft of level frontage along the St. Lawrence River with deep‑water access and a private dock
- Major renovations completed in 2023‑2024: new roof, updated electrical with four separate meter options, modern PEX plumbing, and new water heaters
- Income mix includes a 2 bed/1 bath unit with long‑term tenants and an additional 1 bed/1 bath unit rented monthly to medical professionals
- Includes expansive commercial space: about half the main level plus nearly the full lower level, with potential for commercial or residential/live‑work use
- Each unit is heated by an efficient natural gas furnace; paved parking available in both the front and rear
Overview
Located in Waddington, NY, 131 St. Lawrence Avenue is a waterfront investment property situated along the St. Lawrence River. The renovated property features 5,760 square feet of heated interior space and includes four versatile units with income potential and deep-water access with a private dock. The property has a furnished 1-bedroom, 1-bath unit operating as an Airbnb, a 2-bedroom, 1-bath apartment with long-term tenants, and a 1-bedroom, 1-bath unit rented monthly to medical professionals. The property also includes commercial space spanning half of the main level and nearly the full lower level, with potential for commercial use, residential conversion, a live-work layout, or use as one large unit. The property has paved parking in both the front and rear. Renovations completed in 2023-2024 include a new roof, updated electrical with four separate meter options, modern PEX plumbing, and new water heaters. Each unit has a natural gas furnace for heating. The property includes 85 feet of level frontage along the St. Lawrence River. The property is located within walking distance of village amenities. The property has potential for a mixed-use waterfront business or a flexible live-and-rent option.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.6k | $22.56 |
| − Vacancy | −$19.6k | −$5.10 |
| EGI | $67.1k | $17.46 |
| − OpEx | −$16.8k | −$4.37 |
| NOI | $50.3k | $13.10 |
3,840 SF · lease $22.56/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$718.4K
$628.6K – $838.2K
NOI $50,289 @ 7.0% cap · market cap 5.75%
Second Best
Mixed Use
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$952.7K
$833.6K – $1.11M
NOI $66,687 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Waterfront Land
Location Insight
- Map
- Local Demand
- City
- Waddington
- County
- St. Lawrence
- State
- New York
- Longitude
- -75.204494
- Latitude
- 44.8659
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Premier waterfront property in Waddington with income potential and river access.
Where is this mixed-use property located?
The property is located at 131 St Lawrence Avenue Waddington, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4‑unit property with 5,760 SF of heated interior space, including fully furnished 1 bed/1 bath unit operating as an Airbnb; 85 ft of level frontage along the St. Lawrence River with deep‑water access and a private dock; Major renovations completed in 2023‑2024: new roof, updated electrical with four separate meter options, modern PEX plumbing, and new water heaters
