302 Main St Theresa, NY 13691

Building Details

Year Built

1880

Listing office r***@gmail.com Show Phone

Listing date May 20, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

Located in the Village of Theresa, New York, this five-unit apartment building presents an investment opportunity. The property is situated conveniently near Fort Drum, Watertown, and Alexandria Bay. The building comprises four one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. The property is currently generating approximately $3,400 per month, or over $40,800 annually, with tenants responsible for their own electric. The Village of Theresa benefits from municipal power. Updates include new siding on most of the exterior, new flooring in all units, updated kitchens, new windows and doors in most units, fresh paint throughout, and refreshed bathrooms. On-site coin-operated laundry and ample parking are available for tenants. A detached garage and a storage shed are included, both requiring work. The garage could be restored, converted into additional rental units, or repurposed for an extra business.

Key Highlights

• Solid income‑producing 5‑unit apartment building generating approximately $3,400/month ($40,800 annually).
• Convenient location close to Fort Drum, Watertown, and Alexandria Bay.
• Extensive updates throughout, including new siding, flooring, kitchens, windows/doors, paint, and bathrooms.

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FAQs

What type of property is this?

Apartment building - Five-unit apartment building in Theresa, NY, with income potential.

Where is this apartment building located?

The property is located at 302 Main St Theresa, NY.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: Solid income‑producing 5‑unit apartment building generating approximately $3,400/month ($40,800 annually).; Convenient location close to Fort Drum, Watertown, and Alexandria Bay.; Extensive updates throughout, including new siding, flooring, kitchens, windows/doors, paint, and bathrooms.