7-Unit Apartment
For Sale
$199,000
18 Park Ave, Massena, NY 13662
MULTIFAMILY, Multiunit, Five or more family, Massena, NY
Property Size3,900 SF
Price / SF$51.03
Days on Market365
Property Features for 18 Park Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
11
Bathrooms
7
Full bathrooms
7
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 6, Bedroom 11, Bathroom 1, Bedroom 3, Bedroom 10, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 9, Bedroom 7, Bathroom 3
Interior features
Built-in features
Exterior features
Outdoor lights
Directions
From Parker Ave bridge, go completely around the roundabout, then turn right onto Park Avenue and the buiding will be on the immediate right.
Subdivision
ST LAWRENCE
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
Listed By:
Diana Dufresne
(315) 769-7533
Added: Oct 20, 2025
Changed: Oct 12
Last Checked: Oct 19 at 1:06PM
MLS# 52067
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.
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Investment Insights
Based on property information with market context.
This 7-unit apartment building at 18 Park Ave in Massena, New York, contains 3,900 square feet and was built in 1930. The property is currently vacant and has sustained severe damage; the building is boarded up and requires substantial rehabilitation. Interior details include built-in features, wood flooring, carpet, 11 bedrooms, and 4 bathrooms. Outdoor lights are also present.
The upper floors provide river views. The property has public water service, with cable available. Its existing apartment configuration and extensive damage make the physical condition a central consideration for prospective purchasers.
The upper floors provide river views. The property has public water service, with cable available. Its existing apartment configuration and extensive damage make the physical condition a central consideration for prospective purchasers.
Key Highlights
- 7‑unit apartment building with 3,900 square feet
- Vacant building with severe damage and boarded openings
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,247
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,940
$364.9K
Cap Rate 7%
$260,671
$260.7K
Cap Rate 9%
$202,744
$202.7K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$42.6K $10.92/SF
− Vacancy
−$9.4K −$2.41/SF
EGI
$33.2K $8.51/SF
− OpEx
−$14.9K −$3.83/SF
NOI
$18.2K $4.68/SF
Area
St. Lawrence County, NY
Vacancy
22.10%
Lease Rate
$10.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,940
Cap Rate 7%
$260,671
Cap Rate 9%
$202,744
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 authorities.
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
435
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?
Apartment building - Vacant apartment property with significant damage, wood flooring, public water, and upper-level river views.
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 apartment building with 3,900 square feet; Vacant building with severe damage and boarded openings; Built in 1930
