7-Unit Apartment House
400 Suth Main Street, Massena, NY 13662
- Added:
- Dec 3, 2025
- Days on Market:
- 182
- Last Refresh:
- Jun 3 at 9:06 am
Property Features for 400 Suth Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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 Dec 3, 2025
MLS# 52212
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.
- Excellent location near shopping, dining, schools, and services.
- Tenants pay their own utilities, maximizing owner profitability.
- Reliable income stream with exceptional return potential.
- Plenty of off‑street parking, plus an additional lot included.
- Full basement under the original structure, ideal for storage or potential expansion.
Overview
This 7-unit apartment house presents an investment opportunity, featuring six one-bedroom units and one three-bedroom apartment. The property is located near local amenities, offering convenience for tenants. The property has a strong rental history and is fully occupied with a waiting list. Tenants are responsible for their own utilities. Off-street parking is available, and an additional lot is included. A full basement under the original structure provides storage space or potential for expansion. The property is a turn-key investment with potential for future growth. The building size is 4380 square feet.
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Massena
- County
- St. Lawrence
- State
- New York
- Longitude
- -74.8745
- Latitude
- 44.9356
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turn-key investment property with reliable income and growth potential.
Where is this apartment building located?
The property is located at 400 Suth 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.; Excellent location near shopping, dining, schools, and services.; Tenants pay their own utilities, maximizing owner profitability.
