Seven-Unit Apartment
For Sale
$249,900
400 Suth Main Street, Massena, NY 13662
COMMERCIAL, Five or more family, Massena, NY
Property Size4,380 SF
Price / SF$57.05
Days on Market308
Property Features for 400 Suth Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Outdoor lights
Lot features
Adj Pub/ Priv Open Area
Elementary school district
Massena Central School District
Middle school district
Massena Central School District
High school district
Massena Central School District
Directions
Near Kentucky Fried Chicken and Dunkin Donuts on Main Street
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: Dec 3, 2025
Changed: Sep 8
Last Checked: Oct 7 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This 7-unit apartment building contains six one-bedroom apartments and one three-bedroom apartment within 4,380 square feet. The original structure includes a full basement, while the property also provides off-street parking and an additional lot. Vinyl siding, shingle roofing, outdoor lighting, public water, and cable availability are among the existing property features. Built in 1975, the building offers a range of apartment configurations within a single multifamily asset.
The property is in Massena, NY, near shopping, dining, schools, and local services. The apartments are reported as fully occupied with a waiting list, and tenants pay their own utilities. The combination of unit mix, basement storage, parking, and an additional lot supports practical multifamily operations.
The property is in Massena, NY, near shopping, dining, schools, and local services. The apartments are reported as fully occupied with a waiting list, and tenants pay their own utilities. The combination of unit mix, basement storage, parking, and an additional lot supports practical multifamily operations.
Key Highlights
- 7‑unit apartment building with six one‑bedroom units and one three‑bedroom unit
- 4,380 square feet of multifamily space
- Full basement beneath the original structure
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
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
185
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with varied unit layouts, tenant-paid utilities, off-street parking, and a basement beneath the original structure.
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: 7‑unit apartment building with six one‑bedroom units and one three‑bedroom unit; 4,380 square feet of multifamily space; Full basement beneath the original structure
