Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Massena Multi-Family Investment Opportunity Title is generated by Realmo AI

    18 Park Ave, Massena, NY 13662

    View on Map
    Claim this Listing
    For Sale
    $199,000

    COMMERCIAL - Massena, NY

    Property size:
    3,900 SF
    Price / SF:
    $51/SF
    Added:
    Oct 20, 2025
    Days on Market:
    227
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 18 Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    11
    Bathrooms
    7
    Rooms
    Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 11, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 9, Bedroom 10, Bedroom 7, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 8
    Interior features
    Built-in features
    Exterior features
    Outdoor lights
    Standard status
    Active
    APN
    40581 9.059-4-29.1
    Size
    3,900 SF

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    3
    Number of units
    7
    Flooring type
    Carpet, Wood floors
    Architectural style
    Other

    We can help!

    Listing Contact
    Diana Dufresne

    Listing agent Diana Dufresne License #10371202021

    Listing office 1st Class Realty Group 256 Main St, Massena, NY

    Listing date Oct 20, 2025

    MLS# 52067 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

    • 7‑unit multi‑family property
    • River view from upper floors
    • Investor opportunity with potential for increased value
    • Located in Massena, NY
    • Built in 1930
    • Cable available

    Overview

    This seven-unit multi-family property in Massena, NY, presents an investment opportunity requiring sweat equity. The property, with a size of 3900 square feet, offers river views from the upper floors. It is currently vacant and has sustained severe damage, resulting in its boarded-up condition and reduced price. Restoration is needed to return the property to its previous condition. This property is intended for investors willing to undertake renovation work to capitalize on its potential as a rental property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Massena
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.890368
    Latitude
    44.935357

    Nearby Similar for Sale

    • $799,000
      4,000 SF

      Profitable Storage Unit Business For Sale

      Established storage unit business with expansion potential in Massena, NY.
      6 Wells St, Massena, NY 13662
      View Details
    • $295,000
      4,600 SF

      Mixed-Use Building with Renovation Potential

      Commercial building with apartment and business opportunity near universities.
      284 E Orvis, Massena, NY 13662
      View Details
    • $219,000
      4,192 SF

      Massena Multifamily Property with Potential

      Four units with additional rentable potential on a 1.2-acre lot.
      67 County Route 40, Massena, NY 13662
      View Details
    • $427,000
      22,760 SF

      Massena Commercial Property For Sale

      Versatile commercial property with retail, warehousing, and storage options.
      487 S Main St., Massena, NY 13662
      View Details
    • $199,000
      2,978 SF

      Charming Victorian Home on Corner Lot

      Spacious Victorian with original woodwork, suitable for bed and breakfast.
      17 W Orvis Street, Massena, NY 13662
      View Details
    • $159,000
      1,280 SF

      Massena Office Building For Sale

      1,280 SF office building in downtown Massena, NY.
      1 Garvin Ave, Massena, NY 13662
      View Details
    • $129,000
      3,036 SF

      Spacious Three-Unit Investment Opportunity

      Three-unit apartment building with owner-occupant potential in Massena, NY.
      354 Main Street, Massena, NY 13662
      View Details
    • $130,000
      2,590 SF

      Updated Two-Unit Victorian Home

      Two-story, updated Victorian home with two spacious units.
      134 Center Street, Massena, NY 13662-1927
      View Details
    • $259,000
      5,252 SF

      Massena Commercial Building with Apartment

      Exceptional commercial building with furnished apartment and office spaces.
      32 Andrews Street, Massena, NY 13662
      View Details
    • $259,000
      5,252 SF

      Massena Commercial Building with Apartment

      Exceptional commercial building with apartment and office spaces in Massena.
      32 Andrews Street, Massena, NY 13662
      View Details
    • $299,000
      6,000 SF

      Massena Multifamily Investment Opportunity

      Six-unit multifamily property with additional lot in Massena, NY.
      85 - 95 Beach Street, Massena, NY 13662
      View Details
    • $399,000
      6,366 SF

      Massena Medical Building Opportunity

      Commercial building suitable for offices, apartments, or Airbnb conversion.
      72 Main Street, Massena, NY 13662
      View Details

    FAQs

    What type of property is this?
    Apartment building - Seven-unit property in Massena, NY, requiring renovation.
    Where is this apartment building located?
    The property is located at 18 Park Ave Massena, NY.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 7‑unit multi‑family property; River view from upper floors; Investor opportunity with potential for increased value
    (315) 769-7533
    We can help!
    Listing Contact
    Diana Dufresne
    Real Estate License ID: 10371202021
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18 Park Ave, Massena, NY 13662
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!