Massena Seven-Unit Apartment
400 S Main Street, Massena, NY 13662
- Added:
- Oct 17, 2025
- Days on Market:
- 230
- Last Refresh:
- Jun 3 at 8:06 am
Property Features for 400 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway
- Exterior features
- Outdoor lights
- Standard status
- Active
- APN
- 9.083-6-24.11
- Size
- 4,380 SF
Taxes and HOA fees
- Tax Annual Amount
- 4700
Utilities
- Utilities
- Cable Available
- Water source
- Public
Building Details
- Year built
- 1975
- Building materials
- Vinyl siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Diana Dufresne License #10371202021 (315) 769-7533
Listing office 1st Class Realty Group 256 Main St, Massena, NY (315) 769-2500
Listing date Oct 17, 2025
MLS# 52064
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
- Strong rental history with consistent full occupancy and a waiting list, ensuring reliable income.
- Tenants pay their own utilities, maximizing owner profitability.
- Prime, convenient location near parks, schools, banks, churches, shopping, and other local amenities.
- Seven‑unit building (six 1‑bedroom, one 3‑bedroom) offering strong income potential.
- Ample off‑street parking plus an additional lot included.
- Full basement under the original structure, ideal for storage or potential expansion.
Overview
This seven-unit apartment building presents an investment opportunity in Massena, New York. The property features six one-bedroom units and one three-bedroom unit. Tenants are responsible for their own utility payments. The building includes ample parking and an additional lot. A full basement is located under the original structure. The property is situated in a location near parks, schools, banks, churches, and shopping. The building has 4380 square feet of space.
Local Financial Insights For Apartment 5plus
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 | $47.8k | $10.92 |
| − Vacancy | −$10.6k | −$2.41 |
| EGI | $37.3k | $8.51 |
| − OpEx | −$16.8k | −$3.83 |
| NOI | $20.5k | $4.68 |
4,380 SF · lease $10.92/SF/yr · vacancy 22.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$292.8K
$256.2K – $341.6K
NOI $20,493 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.8K – $1.27M
NOI $76,065 @ 7.0% cap · market cap 30.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Lucy's Treasures
Clothing & Fashion Store
Location Insight
- Map
- Local Demand
- City
- Massena
- County
- St. Lawrence
- State
- New York
- Longitude
- -74.889392
- Latitude
- 44.918928
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit apartment building in Massena, NY with strong income potential.
Where is this apartment building located?
The property is located at 400 S Main Street Massena, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Strong rental history with consistent full occupancy and a waiting list, ensuring reliable income.; Tenants pay their own utilities, maximizing owner profitability.; Prime, convenient location near parks, schools, banks, churches, shopping, and other local amenities.
