Massena Two-Unit Apartment
389 S Main St., Massena, NY 13662
- Added:
- Mar 6, 2023
- Days on Market:
- 1184
- Last Refresh:
- Jun 2 at 3:06 pm
Property Features for 389 S Main St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Interior features
- Built-in features, Walk-in closet(s)
- Exterior features
- Porch
- Standard status
- Active
- APN
- 9.083-4-12
- Size
- 1,248 SF
Taxes and HOA fees
- Tax Annual Amount
- 2583
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Laminate
- Building materials
- Vinyl siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Carmen Kenney License #10401334224 (315) 842-2044
Listing office Dufrane Real Estate, LLC 235 Main St., Massena, NY (315) 769-2446
Listing date Mar 6, 2023
MLS# 47440
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.
HighLights
- Two separate apartments (1 bed/1 bath each) offering immediate rental income potential.
- Separate driveways for each unit, providing tenant privacy and convenience.
- Updated electrical service: 200 Amp service upgrade to the home, with a 200 Amp box in the downstairs apartment and a 100 Amp box in the upstairs apartment.
- Laundry in both apartments, a desirable amenity for tenants.
- Durable and low‑maintenance exterior with vinyl siding and metal roof.
- Built‑in features and walk‑in closet(s).
Overview
This two-unit apartment home is an investment opportunity. The property features two apartments, each with one bedroom and one bathroom. Each unit has its own laundry facilities. The exterior of the house is finished with vinyl siding and a metal roof. There are two separate driveways, one gravel and one concrete, providing parking for each unit. The property size is 1248 square feet. An electrical service upgrade is planned for May 2025, including a 200 Amp service upgrade to the home, with a 200 Amp box for the downstairs apartment and a 100 Amp box for the upstairs apartment. The property is located in Massena, NY.
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 | $11.5k | $9.24 |
| − Vacancy | −$2.4k | −$1.94 |
| EGI | $9.1k | $7.30 |
| − OpEx | −$2.7k | −$2.19 |
| NOI | $6.4k | $5.11 |
1,248 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$91.1K
$79.7K – $106.3K
NOI $6,377 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$83.4K
$73.0K – $97.3K
NOI $5,839 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$309.6K
$270.9K – $361.2K
NOI $21,673 @ 7.0% cap · market cap 22.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Massena
- County
- St. Lawrence
- State
- New York
- Longitude
- -74.888919
- Latitude
- 44.91962
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit apartment home, perfect investment starter in Massena, NY.
Where is this duplex located?
The property is located at 389 S Main St. Massena, NY.
What is the asking price?
The asking price for this property is $98,500.
What are key features of this property?
This property features: Two separate apartments (1 bed/1 bath each) offering immediate rental income potential.; Separate driveways for each unit, providing tenant privacy and convenience.; Updated electrical service: **200 Amp service upgrade** to the home, with a 200 Amp box in the downstairs apartment and a 100 Amp box in the upstairs apartment.
