Massena Multi-Family Investment
3-5 Cedar Street/Woodlawn Massena, NY 13662
3-5 Cedar Street/Woodlawn, Massena, NY, 13662
$199,900
For Sale
$199,900
COMMERCIAL - Massena, NY
Property Size1,500 SF
Price / SF$133.27
Days on Market199
Property Features for 3-5 Cedar Street/Woodlawn
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 9, Bedroom 1
- Patio and Porch features
- Porch
- Exterior features
- Covered porch, Storage/out-building(s)
- Standard status
- Active
- APN
- 9.051-3-21
- Size
- 1,500 SF
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Aluminum siding, Brick exterior, Wood siding
- Roof type
- Shingle, Metal
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
1st Class Realty Group
(315) 769-2500
256 Main St, Massena, NY
Listed by
Diana Dufresne · License #10371202021
(315) 769-7533
Added: Dec 30, 2025 Checked: Jul 17 at 6:06 pm
MLS# 52264
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.
Located in Massena, New York, this property at 3 & 5 Cedar Street offers an investment opportunity with two side-by-side apartments in a red brick building. One unit features four bedrooms, with three located upstairs and one downstairs, and one bathroom with all-electric heat and a covered front porch. The other unit includes three bedrooms, one bathroom, laminate flooring, main floor laundry, and a covered front porch. The property is currently occupied with long-term tenants, generating a combined rental income of $1,600 per month. The building features brick siding and a metal aluminum roof approximately 10 years old. Situated within walking distance to a park and downtown Massena, the location provides access to restaurants, parks, a library, and museums. The area is suitable for outdoor activities such as fishing, boating, hiking, swimming, skiing, and camping. The property is a short drive from the Massena Airport, offering direct flights to Boston, Clarkson University, SUNY Potsdam, St. Lawrence University, Ottawa, Montreal, and Plattsburgh. The property is part of a multiple unit featuring 21 apartments and can be bought individually or as a complex of 21 units. The property size is approximately 1500 square feet.
Key Highlights
- Two side‑by‑side rental units at 3 & 5 Cedar Street: 4‑bedroom (1 bath) and 3‑bedroom (1 bath).
- Currently occupied by long‑term tenants with combined rent of $1,600/month.
- Metal roof is approximately 10 years old; brick exterior with aluminum/wood siding.
Local Financial Insights For Multifamily LT 5
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 | $13.9k | $9.24 |
| − Vacancy | −$2.9k | −$1.94 |
| EGI | $10.9k | $7.30 |
| − OpEx | −$3.3k | −$2.19 |
| NOI | $7.7k | $5.11 |
1,500 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$109.5K
$95.8K – $127.8K
NOI $7,665 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$100.3K
$87.7K – $117.0K
NOI $7,018 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$372.1K
$325.6K – $434.2K
NOI $26,050 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property near downtown Massena with stable rental income.
Where is this duplex located?
The property is located at 3-5 Cedar Street/Woodlawn Massena, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two side‑by‑side rental units at 3 & 5 Cedar Street: 4‑bedroom (1 bath) and 3‑bedroom (1 bath).; Currently occupied by long‑term tenants with combined rent of $1,600/month.; Metal roof is approximately 10 years old; brick exterior with aluminum/wood siding.
