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    Hastings Multifamily Investment Opportunity Title is generated by Realmo AI

    1447 US Route 11, Hastings, NY 13076

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    Claim this Listing
    For Sale
    Under Contract
    $329,000

    MULTI_FAMILY - Other - Hastings, NY

    Property size:
    2,708 SF
    Lot size:
    1.43 Acres
    Price / SF:
    $121/SF
    Added:
    Apr 6, 2026
    Days on Market:
    86
    Last Refresh:
    Jun 30 at 11:06 am

    Property Features for 1447 US Route 11

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 5, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
    Patio and Porch features
    Porch
    Exterior features
    Pool
    Fireplace
    1
    Appliances
    ElectricWaterHeater
    Standard status
    Active Under Contract
    APN
    353289-225-003-0007-015-000-0000
    Size
    2,708 SF
    Lot size
    1.43 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2443

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Natural Gas, Forced Air, Baseboard
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Varies, Hardwood, Vinyl
    Building materials
    Frame, VinylSiding
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Patrick Dunham

    Listing agent Patrick Dunham License #10401399666

    Listing office Lake Ontario Realty, LLC 12396 NYS Route 12E, Chaumont, NY

    Listing date Apr 6, 2026

    MLS# S1671553 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.43‑acre property at 1447 US‑11 in Hastings, NY, with a main residence plus three additional one‑bedroom rental units
    • Main home features 2 bedrooms and 2 full bathrooms; each of the extra units is a one‑bedroom apartment
    • 40x32 pole barn built in 2021 includes a half bathroom
    • On‑site amenities include a pool and a porch
    • Utilities and systems include public water, septic tank, and electric plus natural gas heating
    • House has a fireplace; roof materials include metal and shingle

    Overview

    Located in Hastings, New York, this property presents an investment opportunity with income-generating potential. Situated on 1.43 acres, the property includes a main residence featuring 2 bedrooms and 2 full bathrooms. In addition to the main house, there are three one-bedroom apartments, offering the possibility of supplemental rental income. The property's layout allows for either owner occupancy of the main home while renting out the additional units, or leasing all four spaces for maximum returns. A notable feature is the 40x32 pole barn, constructed in 2021, which includes a half bathroom. The property is located approximately 15 miles from the future Micron development.

    Local Financial Insights For Apartment 5plus

    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 $40.0k $14.76
    − Vacancy −$2.2k −$0.81
    EGI $37.8k $13.95
    − OpEx −$17.0k −$6.28
    NOI $20.8k $7.67
    2,708 SF · lease $14.76/SF/yr · vacancy 5.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $296.8K
    $259.7K – $346.2K (±1% cap)
    NOI $20,774 @ 7.0% cap · market cap 6.31%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $540.1K
    $472.6K – $630.2K (±1% cap)
    NOI $37,810 @ 7.0% cap · market cap 11.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hastings
    County
    Oswego
    State
    New York
    Longitude
    -76.152149
    Latitude
    43.339095

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with main house, rental units, and pole barn.
    Where is this multifamily property located?
    The property is located at 1447 US Route 11 Hastings, NY.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: 1.43‑acre property at 1447 US‑11 in Hastings, NY, with a main residence plus three additional one‑bedroom rental units; Main home features 2 bedrooms and 2 full bathrooms; each of the extra units is a one‑bedroom apartment; 40x32 pole barn built in 2021 includes a half bathroom
    More about this property
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