269 W Main St Malone, NY 12953
For Sale
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This exceptional investment opportunity presents a 1,500 square foot multi-unit property located at 269 W Main St Unit 269, Malone, NY. Situated on a 0.11-acre lot, this property offers a compelling blend of income potential and future development possibilities. The upper level comprises a spacious two-bedroom apartment complete with a bathroom, kitchen, and living room. Currently occupied by a tenant willing to remain, this unit provides immediate rental income. The lower level features a unique layout, including a one-car attached garage, and two separate two-room office spaces, each with a half-bath. These office spaces offer additional rental income streams or the potential for owner-occupancy. A full basement with laundry facilities adds further utility and storage space. The property is priced competitively at $135,000, presenting a strong return on investment. The existing tenants' willingness to stay ensures a steady income stream from the moment of purchase. The absentee owner, residing in Australia, provides a streamlined transaction process. This property is ideal for investors seeking a diversified portfolio or those looking for a hands-off approach to real estate ownership. The combination of residential and commercial space offers flexibility and potential for future expansion or renovation. Don't miss this chance to acquire a well-maintained, income-generating property in a desirable location.
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Langlois Yando Realty Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
01 - NOT ZONED · Malone, NYMalone. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.