Two-Unit Residential Income
For Sale
$149,000
9 Winter Street, Massena, NY 13662
MULTI_FAMILY - Massena, NY
Property Size1,449 SF
Price / SF$102.83
Days on Market10
Property Features for 9 Winter Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 1
Parking
4
Parking features
Driveway
Interior features
Modern kitchen
Exterior features
Outdoor lights
Directions
From Main Street take a right hand turn onto Garvin Avenue near Tim Hortons. Then take a right onto Winter Street. Second one in on the left hand side, look for sign.
Subdivision
ST LAWRENCE
Standard status
Active
APN
9.075-2-12
Size
1,449 SF
Taxes and HOA fees
Tax Annual Amount
2800
Utilities
Utilities
Cable Available
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Laminate, Carpet, Wood floors
Building materials
Vinyl siding
Roof type
Metal
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 5:06AM
MLS# 53112
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 well-maintained two-family residential income property is offered in excellent condition. The first unit includes three bedrooms, a full bathroom, a convenient laundry area, and a kitchen with appliances included, along with a formal dining room and a living room. It is heated by a natural gas furnace with a gas water heater. The second unit offers two bedrooms and a full bathroom, with an open-concept kitchen and living area, and it is all electric.
Each unit has its own utilities, with tenants responsible for heat and electricity. Additional updates include a durable metal roof and a newer paved driveway.
The property is configured as a turnkey double rental building with two separate living units and independently served utilities.
Each unit has its own utilities, with tenants responsible for heat and electricity. Additional updates include a durable metal roof and a newer paved driveway.
The property is configured as a turnkey double rental building with two separate living units and independently served utilities.
Key Highlights
- Two‑family home with two separate units and long‑term tenants already in place
- First unit: three bedrooms, full bath, formal dining room, living room, and convenient laundry; appliances included
- Second unit: two bedrooms with an open concept kitchen and living area; all‑electric with separate utility service
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 | $13.4k | $9.24 |
| − Vacancy | −$2.8k | −$1.94 |
| EGI | $10.6k | $7.30 |
| − OpEx | −$3.2k | −$2.19 |
| NOI | $7.4k | $5.11 |
1,449 SF · lease $9.24/SF/yr · vacancy 21.00% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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?
Duplex - Well-maintained two-family home with separate utilities, a metal roof, and a newer paved driveway.
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‑family home with two separate units and long‑term tenants already in place; First unit: three bedrooms, full bath, formal dining room, living room, and convenient laundry; appliances included; Second unit: two bedrooms with an open concept kitchen and living area; all‑electric with separate utility service
