Four-Unit Quadplex with River
For Sale
$164,999
2 3 Riverview St, Massena, NY 13662
Residents have access to coin-operated laundry, separate utilities, and electric heat.
Property Size2,080 SF
Price / SF$79.33
Days on Market138
Property Features for 2 3 Riverview St
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi Family Home
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Gross Income
$30,000
Tenant in Place
Yes
Amenities
on-site coin-operated laundry
Building Details
Building Size
2,080 SF
Year Built
1930
Buildings
1
Stories
2
Units
4
Listing Agency:
Yelle Realty, LLC
(315) 705-2400
Listed By:
Brittany Rushlow
(315) 250-4110
Source:
Kassianrealestate
Added: Jun 10
Changed: Oct 24
Last Checked: Oct 24 at 2:37PM
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.
This 2,080-square-foot quadplex contains four units, each with one bedroom and a full bathroom. Coin-operated laundry is located on-site, and the units have separate utilities and electric heating. The building was constructed in 1930.
The property occupies a corner lot at the end of a street and has river views.
The property occupies a corner lot at the end of a street and has river views.
Key Highlights
- Four units, each with one bedroom and a full bathroom
- 2,080 square feet; built in 1930
- Coin‑operated laundry on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,628
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,560
$212.6K
Cap Rate 7%
$151,829
$151.8K
Cap Rate 9%
$118,089
$118.1K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$19.2K $9.24/SF
− Vacancy
−$4.0K −$1.94/SF
EGI
$15.2K $7.30/SF
− OpEx
−$4.6K −$2.19/SF
NOI
$10.6K $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%
$212,560
Cap Rate 7%
$151,829
Cap Rate 9%
$118,089
Alternative Uses
Best Use
Multifamily LT 5
$151.8K
$132.9K – $177.1K
NOI $10,628 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$139.0K
$121.7K – $162.2K
NOI $9,732 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$516.0K
$451.5K – $602.0K
NOI $36,122 @ 7.0% cap · market cap 21.89%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
298
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 - Residents have access to coin-operated laundry, separate utilities, and electric heat.
Where is this quadplex located?
The property is located at 2 3 Riverview St Massena, NY.
What is the asking price?
The asking price for this property is $164,999.
What are key features of this property?
This property features: Four units, each with one bedroom and a full bathroom; 2,080 square feet; built in 1930; Coin‑operated laundry on‑site
