Furnished Four-Unit Efficiency
New
For Sale
$398,000
441 Old State Rd., Canton, NY 13617
COMMERCIAL, Canton, NY
Property Size2,816 SF
Price / SF$141.34
Days on Market5
Property Features for 441 Old State Rd.
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 4
Parking
6
Patio and Porch features
Porch
Exterior features
Porch
Elementary school district
Canton Central School District
Middle school district
Canton Central School District
High school district
Canton Central School District
Directions
From Canton take RT 11 towards Dekalb Junction. Take a right turn onto Lincoln Rd and then an immediate left onto Old State Rd. Property is on right and has Amish Inn sign on lawn. There is no real estate sign.
Subdivision
ST LAWRENCE
Standard status
Active
APN
101.004-2-9.1
Size
2,816 SF
Utilities
Water source
Well
Amenities
laundry area
front porch
gas grill
Building Details
Year built
1999
Floors in Building
2
Building materials
Wood siding
Roof type
Metal
Listing Agency:
Grasse River Real Estate, LLC
(315) 386-4521
Listed By:
Patricia M Collins
(315) 322-1235
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 22 at 3:06PM
MLS# 53536
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.
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Investment Insights
Based on property information with market context.
Built in 1999, this 2,816-square-foot property contains four furnished efficiency units. Heating and air conditioning are controlled separately in each unit, and two suites have full kitchens. Furnishings, appliances, and linens are included, along with a shared laundry area. The building has wood siding, a metal roof, and a well as its water source.
A front porch with seating and a gas grill serves the rental units. The efficiencies are currently offered as monthly rentals.
A front porch with seating and a gas grill serves the rental units. The efficiencies are currently offered as monthly rentals.
Key Highlights
- Four furnished efficiency units in a 2,816‑square‑foot property
- Built in 1999 with individually controlled heat and air conditioning in each unit
- Full kitchens in the Hickory and Oak suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,389
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,780
$287.8K
Cap Rate 7%
$205,557
$205.6K
Cap Rate 9%
$159,878
$159.9K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$26.0K $9.24/SF
− Vacancy
−$5.5K −$1.94/SF
EGI
$20.6K $7.30/SF
− OpEx
−$6.2K −$2.19/SF
NOI
$14.4K $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%
$287,780
Cap Rate 7%
$205,557
Cap Rate 9%
$159,878
Alternative Uses
Best Use
Multifamily LT 5
$205.6K
$179.9K – $239.8K
NOI $14,389 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$188.2K
$164.7K – $219.6K
NOI $13,175 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$698.6K
$611.3K – $815.1K
NOI $48,904 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 13617, NY
12,083
Population
4,645
Households
2.6
Avg Household Size
29
Median Age
36%
College-Educated
93%
High-School Grad
132.5 sq mi
ZIP Area
91
Density / Sq Mi
$72,652
Median Household Income
$26,397
Median Earnings
$901
Median Rent
$148,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished efficiencies include individually controlled heating and air conditioning, with full kitchens in two units.
Where is this quadplex located?
The property is located at 441 Old State Rd. Canton, NY.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Four furnished efficiency units in a 2,816‑square‑foot property; Built in 1999 with individually controlled heat and air conditioning in each unit; Full kitchens in the Hickory and Oak suites
