Medical Office and Apartment
2 Hospital Dr. Massena, NY 13662
2 Hospital Dr., Massena, NY, 13662
$450,000
For Sale
$450,000
MULTI_FAMILY - Massena, NY
Property Size2,538 SF
Lot Size0.22 Acres
Price / SF$177.30
Days on Market49
Property Features for 2 Hospital Dr.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Mixed
- Parking
- 7
- Parking features
- Parking Lot
- Interior features
- Apartment
- Basement
- Concrete, Interior Entry
- Appliances
- Refrigerator, Washer/Dryer
- Standard status
- Active
- APN
- 9.057-8-1
- Size
- 2,538 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10065
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Forced Air, Natural Gas, Electric (Heating)
- Cooling system
- Heat Pump, Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Flooring type
- Linoleum, Carpet, Laminate
- Building materials
- Frame, Vinyl Siding
- Roof type
- Metal
Listing agency
Coldwell Banker Whitbeck Assoc Tupper Lake
(518) 359-9440
Listed by
Matthew Ellis
(518) 359-9989
Added: Jun 4 Updated: Jul 18 at 9:59AM Checked: Jul 22 at 10:06PM
MLS# 207476
Copyright © 2026 Adirondack Champlain Valley MLS. 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 property combines medical-office layout elements with residential space. The main level includes a reception and waiting area with a fireplace, a large administrative office, an expansive reception workspace, four exam rooms, four private offices, and a staff break room. A full basement provides additional storage. The main level is currently being transformed from a former emergent care facility into a spacious two-bedroom apartment. The second-floor one-bedroom apartment has been recently updated, including a new kitchen and refreshed living spaces.
The building is positioned directly across from Massena Hospital and Rochester Regional Health Massena Hospital, providing convenient access for employees, patients, residents, and visitors. On-site parking is available.
Zoning is listed as Mixed, supporting a versatile use profile consistent with the building’s current medical and residential configurations.
The building is positioned directly across from Massena Hospital and Rochester Regional Health Massena Hospital, providing convenient access for employees, patients, residents, and visitors. On-site parking is available.
Zoning is listed as Mixed, supporting a versatile use profile consistent with the building’s current medical and residential configurations.
Key Highlights
- Positioned directly across from Rochester Regional Health Massena Hospital in Massena
- Main level currently being transformed into a spacious 2‑bedroom apartment (formerly an emergent care facility)
- Second‑floor 1‑bedroom apartment recently updated with a new kitchen and refreshed living spaces
Local Financial Insights For Healthcare Medical
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 | $64.0k | $25.20 |
| − Vacancy | −$6.7k | −$2.65 |
| EGI | $57.2k | $22.55 |
| − OpEx | −$22.9k | −$9.02 |
| NOI | $34.3k | $13.53 |
2,538 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$490.6K
$429.3K – $572.4K
NOI $34,345 @ 7.0% cap · market cap 7.63%
Second Best
Multifamily LT 5
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$629.7K
$551.0K – $734.6K
NOI $44,076 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mountain Medical Services ...
Medical Clinic
Montalbine Paul V ...
Physician
Mr. Gregory Pataky
Physician
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FAQs
What type of property is this?
Duplex - Former medical facility with exam rooms and a recently updated one-bedroom apartment on the second floor.
Where is this duplex located?
The property is located at 2 Hospital Dr. Massena, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Positioned directly across from Rochester Regional Health Massena Hospital in Massena; Main level currently being transformed into a spacious 2‑bedroom apartment (formerly an emergent care facility); Second‑floor 1‑bedroom apartment recently updated with a new kitchen and refreshed living spaces
