Massena Multi-Family Investment
18 Park Ave Massena, NY 13662
18 Park Ave, Massena, NY, 13662
$199,000
For Sale
$199,000
COMMERCIAL - Massena, NY
Property Size3,900 SF
Price / SF$51.03
Days on Market273
Property Features for 18 Park Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 7
- Rooms
- Bedroom 10, Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 11, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 9, Bedroom 1
- 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
Listing Agency
1st Class Realty Group
(315) 769-2500
256 Main St, Massena, NY
Listed by
Diana Dufresne · License #10371202021
(315) 769-7533
Added: Oct 20, 2025 Checked: Jul 19 at 5:06 pm
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 7‑unit multi‑family property in Massena, NY
- River view from the upper floors
- Property is vacant and severely damaged, boarded up
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 | $42.6k | $10.92 |
| − Vacancy | −$9.4k | −$2.41 |
| EGI | $33.2k | $8.51 |
| − OpEx | −$14.9k | −$3.83 |
| NOI | $18.2k | $4.68 |
3,900 SF · lease $10.92/SF/yr · vacancy 22.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$260.7K
$228.1K – $304.1K
NOI $18,247 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$967.6K
$846.6K – $1.13M
NOI $67,729 @ 7.0% cap · market cap 34.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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 in Massena, NY; River view from the upper floors; Property is vacant and severely damaged, boarded up
