Three-Unit Residential Income
For Sale
$179,000
5 Winter Street, Massena, NY 13662
MULTI_FAMILY - Massena, NY
Property Size2,160 SF
Price / SF$82.87
Days on Market10
Property Features for 5 Winter Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 1
Parking
5
Parking features
Driveway, Garage
Patio and Porch features
Porch
Interior features
Built-in features, Modern kitchen
Exterior features
Enclosed porch, Outdoor lights
Lot features
A corner lot
Directions
From Main Street take a right hand turn onto Garvin Avenue near Tim Hortons. Property is located on the corner of Garvin and winter. Look for sign.
Subdivision
ST LAWRENCE
Standard status
Active
APN
9.075-2-11
Size
2,160 SF
Taxes and HOA fees
Tax Annual Amount
3200
Utilities
Utilities
Cable Available
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Flooring type
Laminate, Carpet, Vinyl, Tile
Building materials
Vinyl siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Kassian Real Estate, LLC
(315) 769-0025
Listed By:
Lucille Kassian · License #40KA0346866
(315) 250-2383
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 31 at 2:06AM
MLS# 53114
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 three-unit residential income property offers a total of three apartments, with unit sizes ranging from one-bedroom to three-bedroom. The interior features remodeled kitchens and updated bathrooms across the units. Additional recent updates include updated siding, a newer roof, and a paved driveway. Two of the three units provide garage access.
The property is fully occupied by long-term tenants. Rent collection information provided indicates total monthly income of $2,450, with each tenant responsible for their own heat and electricity.
For sale as a maintained, move-in-ready income property, it is presented as turnkey with no additional work indicated beyond the disclosed improvements.
The property is fully occupied by long-term tenants. Rent collection information provided indicates total monthly income of $2,450, with each tenant responsible for their own heat and electricity.
For sale as a maintained, move-in-ready income property, it is presented as turnkey with no additional work indicated beyond the disclosed improvements.
Key Highlights
- Three‑family property with total monthly income of $2,450; all units are fully occupied with long‑term tenants
- Each tenant pays their own heat and electricity
- Three apartments include remodeled kitchens and updated bathrooms; unit bedroom mix ranges from 1‑bedroom to 3‑bedroom
Financial Insights For Multifamily LT 5
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 | $20.0k | $9.24 |
| − Vacancy | −$4.2k | −$1.94 |
| EGI | $15.8k | $7.30 |
| − OpEx | −$4.7k | −$2.19 |
| NOI | $11.0k | $5.11 |
2,160 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$157.7K
$138.0K – $184.0K
NOI $11,037 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$144.4K
$126.3K – $168.4K
NOI $10,106 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$535.9K
$468.9K – $625.2K
NOI $37,511 @ 7.0% cap · market cap 20.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
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?
Triplex - Three-family property in Massena with all units renovated and fully occupied by long-term tenants.
Where is this triplex located?
The property is located at 5 Winter Street Massena, NY.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Three‑family property with total monthly income of $2,450; all units are fully occupied with long‑term tenants; Each tenant pays their own heat and electricity; Three apartments include remodeled kitchens and updated bathrooms; unit bedroom mix ranges from 1‑bedroom to 3‑bedroom
