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Property profile & analytics
FOR SALE
Investment properties

269 W Main St Malone, NY 12953

1,500 SF 0.11 ac lot Built 1968
Individually Owned 28-yr Hold Free & Clear
Property ID
US63-3393106
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1968
Total area 1,500 SF
Lot 0.11 ac (4,792 SF)
Zoning code 01 - NOT ZONED
APN 164801 112.31-3-1
UPID US63-3393106
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Langlois Yando Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
PAUL HOGAN
PAUL HOGAN
Zoning & alternative use
01 - NOT ZONED · Malone, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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