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Apartment Building with Laundromat
For Sale
$389,000

416 E Main St, Malone, NY 12953

Multifamily property with a first-floor laundromat and three-phase power.

Property SizeContact for details
Days on Market166

Property Features for 416 E Main St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 7

Taxes and HOA fees

Annual Taxes $3,786
Listing Agency: North Country Realty
Listed By: Edward Legacy
Source: Exprealty
Added: Mar 19 Changed: Aug 31 Last Checked: Aug 31 at 2:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Country Realty

Investment Insights

Based on property information with market context.

This multifamily building contains 7 rental apartments along with a laundromat on the first floor. The property has three-phase electrical service, 100-amp entrances for each apartment, and a basement treated with spray foam. Utility responsibilities vary by space: the owner covers utilities for apartment 1, while other apartment tenants pay heat and lights. The laundromat occupant pays its own heat, lights, water, and sewer. The laundromat operates under a 10-year lease, and the equipment and business are offered separately. Located at 416 E Main St in Malone, NY, the property combines residential units with an operating commercial component.

Key Highlights

  • 7 rental apartments in a multifamily building
  • First‑floor laundromat with a 10‑year lease
  • Three‑phase electrical power

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Kitchen & Bath Showroom Skin Care Clinic Nail Salon Barber Shop Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

544
Businesses Nearby

Demographics for 12953, NY

13,731
Population
5,693
Households
2.4
Avg Household Size
40
Median Age
23%
College-Educated
82%
High-School Grad
212.7 sq mi
ZIP Area
65
Density / Sq Mi
$64,673
Median Household Income
$48,402
Median Earnings
$821
Median Rent
$123,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with a first-floor laundromat and three-phase power.
Where is this apartment building located?
The property is located at 416 E Main St Malone, NY.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 7 rental apartments in a multifamily building; First‑floor laundromat with a 10‑year lease; Three‑phase electrical power
More about this property
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