7-Unit Apartment
For Sale
$249,900
400 S Main Street, Massena, NY 13662
COMMERCIAL, Five or more family, Massena, NY
Property Size4,380 SF
Price / SF$57.05
Days on Market356
Property Features for 400 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Exterior features
Outdoor lights
Lot features
Adj Pub/ Priv Open Area, Level lot
Elementary school district
Massena Central School District
Middle school district
Massena Central School District
High school district
Massena Central School District
Directions
Main Street right near the shopping center entrance.
Subdivision
ST LAWRENCE
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 Agency:
1st Class Realty Group
(315) 769-2500
Listed By:
Diana Dufresne · License #10371202021
(315) 769-7533
Added: Oct 17, 2025
Changed: Sep 8
Last Checked: Oct 7 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This 7-unit apartment property contains six one-bedroom apartments and one three-bedroom apartment within 4380 square feet. The original structure includes a full basement, providing additional storage area. Exterior features include vinyl siding, a shingle roof, outdoor lights, and a driveway for parking. Public water service and cable availability are also reported.
Located in Massena, the property includes additional lot space and is near shopping, schools, banks, churches, parks, and other local services. Tenants pay their own utilities. The property is reported as fully occupied with a waiting list, and the building was constructed in 1975.
Located in Massena, the property includes additional lot space and is near shopping, schools, banks, churches, parks, and other local services. Tenants pay their own utilities. The property is reported as fully occupied with a waiting list, and the building was constructed in 1975.
Key Highlights
- 7‑unit apartment building with six one‑bedroom units and one three‑bedroom unit
- 4380 square feet with a full basement beneath the original structure
- Reported fully occupied with a waiting list
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,493
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,860
$409.9K
Cap Rate 7%
$292,757
$292.8K
Cap Rate 9%
$227,700
$227.7K
Market Conditions
NOI Build-Up for 4,380 SF
Gross rent
$47.8K $10.92/SF
− Vacancy
−$10.6K −$2.41/SF
EGI
$37.3K $8.51/SF
− OpEx
−$16.8K −$3.83/SF
NOI
$20.5K $4.68/SF
Area
St. Lawrence County, NY
Vacancy
22.10%
Lease Rate
$10.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,860
Cap Rate 7%
$292,757
Cap Rate 9%
$227,700
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 authorities.
Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 13662, NY
15,814
Population
7,785
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
89.2 sq mi
ZIP Area
177
Density / Sq Mi
$56,987
Median Household Income
$38,535
Median Earnings
$712
Median Rent
$118,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes one- and three-bedroom apartments with off-street parking and tenant-paid utilities.
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: 7‑unit apartment building with six one‑bedroom units and one three‑bedroom unit; 4380 square feet with a full basement beneath the original structure; Reported fully occupied with a waiting list
