Waterfront Mixed-Use
For Sale
$799,000
131 St Lawrence Avenue, Waddington, NY 13694
MULTIFAMILY, Colonial, Waddington, NY
Property Size5,760 SF
Price / SF$138.72
Days on Market153
Property Features for 131 St Lawrence Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 7, Laundry Room, Bathroom 2, Bathroom 4, Family Room, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 5, Bedroom 3
Parking
20
Parking features
Driveway
Patio and Porch features
Patio, Porch
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)
Lot features
Adj Pub/ Priv Open Area, Landscaping, Level lot
View
River, Water, Lake
Directions
Heading NE on NY-37 turn left onto Main Street for 0.2 miles. Turn right onto St Lawrence Avenue, first property on the left.
Subdivision
ST LAWRENCE
Standard status
Active
APN
21.024-1-2
Size
5,760 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 Agency:
O'Brien Properties, LLC
Listed By:
Lisa O'Brien · License #10491212419
(315) 244-5746
Added: May 8
Changed: Sep 30
Last Checked: Oct 7 at 7:06PM
MLS# 52702
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.
Investment Insights
Based on property information with market context.
This 5,760-square-foot mixed-use property contains four units, including furnished and leased residential accommodations alongside commercial space occupying half of the main level and nearly all of the lower level. The layout also allows consideration of residential conversion or a live-work arrangement. A private dock provides deep-water access, and the property has 85 feet of level St. Lawrence River frontage. Paved parking is available at both the front and rear.
Renovations completed in 2023–2024 included a roof replacement, electrical updates with four separate meter options, PEX plumbing, and new water heaters. Each unit has a natural gas furnace. Village amenities and a waterfront trail are within walking distance, and Island View Park is adjacent to the property.
Renovations completed in 2023–2024 included a roof replacement, electrical updates with four separate meter options, PEX plumbing, and new water heaters. Each unit has a natural gas furnace. Village amenities and a waterfront trail are within walking distance, and Island View Park is adjacent to the property.
Key Highlights
- Four‑unit mixed‑use property with 5,760 square feet
- 85 feet of level St. Lawrence River frontage and a private dock with deep‑water access
- Commercial space spans half the main level and nearly all of the lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,880
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,600
$777.6K
Cap Rate 7%
$555,429
$555.4K
Cap Rate 9%
$432,000
$432.0K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$69.1K $12.00/SF
− Vacancy
−$6.9K −$1.20/SF
EGI
$62.2K $10.80/SF
− OpEx
−$23.3K −$4.05/SF
NOI
$38.9K $6.75/SF
Area
St. Lawrence County, NY
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,600
Cap Rate 7%
$555,429
Cap Rate 9%
$432,000
Alternative Uses
Best Use
Mixed Use
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 4.87%
Second Best
Multifamily LT 5
$420.5K
$367.9K – $490.5K
NOI $29,432 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,030 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 13694, NY
1,316
Population
607
Households
2.2
Avg Household Size
50
Median Age
29%
College-Educated
90%
High-School Grad
18.1 sq mi
ZIP Area
73
Density / Sq Mi
$77,308
Median Household Income
$49,556
Median Earnings
$718
Median Rent
$207,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four units combine residential accommodations with substantial commercial space and private 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 $799,000.
What are key features of this property?
This property features: Four‑unit mixed‑use property with 5,760 square feet; 85 feet of level St. Lawrence River frontage and a private dock with deep‑water access; Commercial space spans half the main level and nearly all of the lower level
