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Four-Unit Property with Fenced Yard
New
For Sale
$115,000

204 Commercial Street, Theresa, NY 13691

Residential, Theresa, NY

Property Size4,753 SF
Lot Size0.20 Acres
Price / SF$24.20
Days on Market3

Property Features for 204 Commercial Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 4, Basement, Bedroom 6, Bathroom 3, Bedroom 3
Parking features Garage, Paved or Surfaced
Interior features Attic
Appliances ElectricWaterHeater
Lot features Irregular Lot
Elementary school district Indian River
Middle school district Indian River
High school district Indian River
Directions From Watertown, take US Route 11 north then take the ramp for NY Rt 37 toward Theresa. Follow Route 37 north for 15 miles. Then turn right onto NY Rt 26 and continue into the Village of Theresa. Route 26 becomes Commercial Street.
Subdivision Theresa-Village-225601
Standard status Active
APN 225601-023-080-0001-044-000
Size 4,753 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Annual Amount 2520

Utilities

Heating system Electric (Heating), Baseboard
Water source Public

Building Details

Year built 1900
Floors in Building 4
Number of units 4
Flooring type Varies, Vinyl, Laminate, Carpet
Building materials VinylSiding
Architectural style Other
Listing Agency: Lake Ontario Realty, LLC
Listed By: Beth Miller · License #10301221617
Added: Sep 17 Last Checked: Sep 19 at 7:06PM
MLS# S1715394

Copyright © 2026 New York State Alliance of MLSs, LLC. 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 4,753-square-foot quadplex contains four apartments within a building constructed in 1900. Unit interiors offer generous living areas, tall ceilings, hardwood flooring in portions of the property, original woodwork, and a mix of vinyl, laminate, and carpet flooring. The main-level apartment receives strong natural light through large windows. The property includes an attic, basement, electric baseboard heat, an on-demand water heater, and vinyl siding.

Three of the four units are currently rented, leaving one apartment vacant for an owner occupant or future tenant. Water and sewer are included in the rent. The property occupies 0.2 acres with a level, partially fenced backyard, plus a garage and paved parking. Located at 204 Commercial Street in Theresa, NY, the property is connected to public water and includes some updated flooring while also requiring cosmetic work and additional updating.

Key Highlights

  • Four‑unit quadplex with 4,753 square feet of building area
  • Three of four units are currently rented; one unit is vacant
  • 0.2‑acre lot with a level, partially fenced backyard

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Auto Repair Shop Garden Center Nail Salon Grocery & Convenience Store Daycare Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
75%
Occupancy

Location Intelligence

Trade Area within ½ mile

65
Businesses Nearby

Demographics for 13691, NY

2,981
Population
1,692
Households
1.8
Avg Household Size
39
Median Age
15%
College-Educated
92%
High-School Grad
71.0 sq mi
ZIP Area
42
Density / Sq Mi
$75,750
Median Household Income
$36,365
Median Earnings
$985
Median Rent
$158,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Three apartments are rented, while one vacant unit offers flexibility for an owner occupant or additional tenant.
Where is this quadplex located?
The property is located at 204 Commercial Street Theresa, NY.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,753 square feet of building area; Three of four units are currently rented; one unit is vacant; 0.2‑acre lot with a level, partially fenced backyard
More about this property
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