Property profile

21 Elm St 23 Malone, NY 12953

OFF-MARKET
Office buildings
Property ID
US63-2715727
4,466 SF 0.08 ac lot Built 1930
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Malone, NY property at 21 Elm St, Units 21-23, presents a unique investment opportunity. Encompassing 4,466 square feet on a 0.08-acre lot, this mixed-use building combines commercial and residential spaces. Currently, the property houses office space and three apartments, two of which have undergone recent renovations. A brand new rubber roof was installed in the fall of 2023, ensuring long-term durability. All units are currently rented, providing immediate cash flow and potential for future growth. The strategic corner location at the intersection of Main and Elm Streets places the property in a high-traffic area, ideal for a small business. The existing apartment rentals offer significant potential to offset mortgage payments. The building offers flexibility for expansion, with the possibility of adding more office space or another apartment unit to further increase revenue. Detailed financial information (P&L) is available upon request, allowing potential buyers to thoroughly assess the property's financial performance and investment potential. This is a rare opportunity to acquire a well-maintained, income-generating property in a prime Malone location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Total area 4,466 SF
Lot 0.08 ac (3,485 SF)
Zoning code 01 - NOT ZONED
APN 164801 112.25-3-17
UPID US63-2715727

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Foster Care Service Social Service Agency
  • Advertising Agency Marketing & Advertising

Location

21 Elm St, Unit 23 Malone, NY 12953-1569
Malone metro Census 950501 MALONE, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2025
Last sale
$160,000
7 recorded transactions
2025
$160,000
2017
Price N/A
2016
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

01 - NOT ZONED · Malone, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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