302 Main Street, Theresa, NY 13691
Local realty services provided by:HUNT Real Estate ERA
Listed by: brittney umstead
Office: realty by the river, inc.
MLS#:S1682928
Source:NY_GENRIS
Price summary
- Price:$215,000
- Price per sq. ft.:$35.91
About this home
Looking to invest in Northern NY? This 5-unit apartment building in the Village of Theresa is a solid income-producing opportunity, conveniently located close to Fort Drum, Watertown, and Alexandria Bay. The building features four 1-bedroom/1-bath apartments and one 2-bedroom/1-bath apartment. All units are currently occupied, with one becoming available in a month or two. At current rents, the property can generate approximately $3,400/month — over $40,800 annually — with tenants responsible for their own electric. The Village of Theresa benefits from municipal power, helping to keep utility costs low for the owner. The seller has invested in extensive updates throughout, including new siding on most of the exterior, new flooring in all units, updated kitchens, new windows and doors in most units, fresh paint throughout, and refreshed bathrooms. Tenants enjoy access to on-site coin-operated laundry and ample parking. The property also includes a detached garage and a storage shed, both in need of work but offering real upside potential. The garage could be restored back into a usable garage, converted into additional rental units, or repurposed for an extra business! An added bonus, the sellers will consider owner financing! Don't miss this cash-flowing North Country investment!...
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Home facts
- Year built:1880
- Listing ID #:S1682928
- Added:2 day(s) ago
- Updated:May 22, 2026 at 02:54 PM
Rooms and interior
- Bedrooms:5
- Flooring:Hardwood, Laminate, Varies
- Basement:Yes
- Basement Description:Walk Up Access
- Living area:5,988 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Roof:Membrane, Rubber
- Year built:1880
- Building area:5,988 sq. ft.
- Lot area:0.56 Acres
- Lot Features:Rectangular, Residential Lot
- Construction Materials:Vinyl Siding, Wood Siding
- Levels:2 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$215,000
- Price per sq. ft.:$35.91
- Tax amount:$2,374
Features and amenities
- Laundry features:Electric Water Heater
Parking
- Parking description:No Garage
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