Two-Unit
For Sale
$149,000
9 Winter Street, Massena, NY 13662
Both residences have separate utilities, with occupants responsible for their own heat and electricity.
Property Size1,449 SF
Price / SF$102.83
Days on Market101
Property Features for 9 Winter Street
General Information
Standard status
Active
Size
1,449 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Building Details
Building Size
1,449 SF
Year Built
1940
Buildings
1
Stories
2
Units
2
Listing Agency:
Kassian Real Estate, LLC
(315) 769-0025
Listed By:
Lucille Kassian · License #40KA0346866
(315) 250-2383
Source:
Countyseatrealty
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 29 at 7:14PM
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 Kassian Real Estate, LLC
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Investment Insights
Based on property information with market context.
Built in 1940, this duplex contains two residences: a three-bedroom, one-bath unit and a two-bedroom, one-bath unit. The larger apartment includes laundry, kitchen appliances, a formal dining room, and a living room; it is served by a natural gas furnace and gas water heater. The second apartment has an open kitchen and living area and uses electric service.
Each unit has separate utilities, and tenants pay for their own heat and electricity. Property updates include a metal roof and a paved driveway.
Each unit has separate utilities, and tenants pay for their own heat and electricity. Property updates include a metal roof and a paved driveway.
Key Highlights
- Two apartments: one with 3 bedrooms and one with 2 bedrooms; each has 1 full bathroom
- Separate utilities for each residence; tenants pay their own heat and electricity
- Three‑bedroom unit includes laundry, kitchen appliances, formal dining room, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,404
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,080
$148.1K
Cap Rate 7%
$105,771
$105.8K
Cap Rate 9%
$82,267
$82.3K
Market Conditions
NOI Build-Up for 1,449 SF
Gross rent
$13.4K $9.24/SF
− Vacancy
−$2.8K −$1.94/SF
EGI
$10.6K $7.30/SF
− OpEx
−$3.2K −$2.19/SF
NOI
$7.4K $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%
$148,080
Cap Rate 7%
$105,771
Cap Rate 9%
$82,267
Alternative Uses
Best Use
Multifamily LT 5
$105.8K
$92.6K – $123.4K
NOI $7,404 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$96.8K
$84.7K – $113.0K
NOI $6,779 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$359.5K
$314.6K – $419.4K
NOI $25,164 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate utilities, with occupants responsible for their own heat and electricity.
Where is this duplex located?
The property is located at 9 Winter Street Massena, NY.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two apartments: one with 3 bedrooms and one with 2 bedrooms; each has 1 full bathroom; Separate utilities for each residence; tenants pay their own heat and electricity; Three‑bedroom unit includes laundry, kitchen appliances, formal dining room, and living room
