Four-Unit Multifamily
For Sale
$229,900
14 Church St, Massena, NY 13662
The building combines remodeled apartments with additional units offering scope for further updates.
Property Size3,600 SF
Price / SF$63.86
Days on Market138
Property Features for 14 Church St
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Building Details
Building Size
3,600 SF
Year Built
1950
Stories
3
Units
4
Listing Agency:
Yelle Realty, LLC
(315) 705-2400
Listed By:
Brittany Rushlow
(315) 250-4110
Source:
Homerootsrealty
Added: Jun 10
Changed: Oct 24
Last Checked: Oct 24 at 2:40PM
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 Yelle Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1950, this 3,600-square-foot multifamily property contains four units. Two apartments have two bedrooms and one full bathroom each; the other two are one-bedroom units. Two units have been remodeled, while the remaining apartments are presented for further work.
Electric heat and separate utilities serve the units. Washer and dryer hookups are not available on-site. The property is located at 14 Church St in Massena, New York.
Electric heat and separate utilities serve the units. Washer and dryer hookups are not available on-site. The property is located at 14 Church St in Massena, New York.
Key Highlights
- Four residential units in a 3,600‑square‑foot building
- Two two‑bedroom units, each with one full bathroom
- Two one‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,395
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,900
$367.9K
Cap Rate 7%
$262,786
$262.8K
Cap Rate 9%
$204,389
$204.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$33.3K $9.24/SF
− Vacancy
−$7.0K −$1.94/SF
EGI
$26.3K $7.30/SF
− OpEx
−$7.9K −$2.19/SF
NOI
$18.4K $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%
$367,900
Cap Rate 7%
$262,786
Cap Rate 9%
$204,389
Alternative Uses
Best Use
Multifamily LT 5
$262.8K
$229.9K – $306.6K
NOI $18,395 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$240.6K
$210.5K – $280.7K
NOI $16,843 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$893.1K
$781.5K – $1.04M
NOI $62,519 @ 7.0% cap · market cap 27.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
421
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 - The building combines remodeled apartments with additional units offering scope for further updates.
Where is this quadplex located?
The property is located at 14 Church St Massena, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Four residential units in a 3,600‑square‑foot building; Two two‑bedroom units, each with one full bathroom; Two one‑bedroom units
