Duplex with Separate
For Sale
$119,900
43 45 Sycamore Street, Massena, NY 13662
Each residence has three bedrooms, two bathrooms, a garage, and its own driveway.
Property Size1,800 SF
Price / SF$66.61
Days on Market80
Property Features for 43 45 Sycamore Street
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
enclosed front porch
garage
driveway
basement storage
yard
fire pit
Building Details
Building Size
1,800 SF
Year Built
1915
Buildings
1
Stories
2
Units
2
Listing Agency:
Davis Lake And River Realty, LLC
Listed By:
Shannon Davis · License #10401264120
(315) 323-2745
Source:
Davislakeandriverrealty
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 23 at 10:54AM
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 Davis Lake And River Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex, built in 1915, contains two residences, each with three bedrooms, two bathrooms, a separate entrance, an enclosed front porch, a garage, and a driveway. Both kitchens have been updated, and recent work includes new flooring, paint, lighting, receptacles, and thermostats. Unit 1 has a new washer and dryer; unit 2 has a new water heater.
Basement areas offer storage shelving and a workbench. Appliances are included, along with a stand-up freezer and an older refrigerator in the basement. Furniture in unit 1, including a 65-inch TV, is also included. The property is located on Sycamore Street in Massena, New York, and has a deep, oversized yard.
Basement areas offer storage shelving and a workbench. Appliances are included, along with a stand-up freezer and an older refrigerator in the basement. Furniture in unit 1, including a 65-inch TV, is also included. The property is located on Sycamore Street in Massena, New York, and has a deep, oversized yard.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 1,800 square feet; built in 1915
- Separate entrance, enclosed front porch, garage, and driveway for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,197
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,940
$183.9K
Cap Rate 7%
$131,386
$131.4K
Cap Rate 9%
$102,189
$102.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$16.6K $9.24/SF
− Vacancy
−$3.5K −$1.94/SF
EGI
$13.1K $7.30/SF
− OpEx
−$3.9K −$2.19/SF
NOI
$9.2K $5.11/SF
Area
St. Lawrence County, NY
Vacancy
21.00%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,940
Cap Rate 7%
$131,386
Cap Rate 9%
$102,189
Alternative Uses
Best Use
Multifamily LT 5
$131.4K
$115.0K – $153.3K
NOI $9,197 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$120.3K
$105.3K – $140.4K
NOI $8,422 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$446.6K
$390.8K – $521.0K
NOI $31,260 @ 7.0% cap · market cap 26.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, a garage, and its own driveway.
Where is this duplex located?
The property is located at 43 45 Sycamore Street Massena, NY.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 1,800 square feet; built in 1915; Separate entrance, enclosed front porch, garage, and driveway for each residence
