Under Contract

302 Main Street

Theresa, NY 13691

$215,000 $906/Mo

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Overview

Bed

Bath

5,988

Sqft

0.56

Acre(Lot)

Description

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 mo st 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!

Property Details

Property Type : Residential Income

Price : $215,000

AD Id : 78943995

MLS Id : S1682928

Beds : 5

Lot Size : 0.56 Acre

Living Area Size : 5,988

Year Built : 1880

County : Jefferson

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Room Information

Has Basement: Yes Basement: Exterior Entry, Walk-Up Access
Flooring Information

Hardwood, Laminate, Varies
Roofing Information

Membrane, Rubber
Interior Features

Roof: Membrane, Rubber Appliances: Electric Water Heater Laundry Features: Common Area
Heating & Cooling

Has Heating: Yes Heating: Electric, Baseboard

Building Information

Year Built: 1880 Building Area Total: 5988 Construction Materials: Vinyl Siding, Wood Siding Stories: 2 Private Pool: No

Lot Information

Lot Dimensions: 143X172 Main Square Feet: 0.5646 Acres Lot Size Acres: 0.5646 Lot Size Square Feet: 24596 Lot Description: Rectangular Lot

Listing Price Information

Listing Price: $215000 Cash

Tax Information

Parcel Number: 225601-023-072-0001-042-000 Tax Lot: 42 Annual Tax: $2374

Parking Information

No Garage

Utility Information

Sewer Connected, Water Connected
Location Information

Direction: From route 37, driving towards Theresa, take a right at Ostranders Corners towards the village. The property will be a couple miles up the road on the left hand side. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
41279 Nelson Road, Theresa, NY, 13691	$149,000	2	1	216	216 SqFt
35125 County Route 46, Theresa, NY, 13691	$239,900	3	2	1,512	1,512 SqFt
213 Mill Street, Theresa, NY, 13691	$215,000	6	3	3,096	3,096 SqFt
118 Bridge Street, Theresa, NY, 13691	$69,900	2	1	1,060	1,060 SqFt
105 Church Street, Theresa, NY, 13691	$170,000	3	3	3,280	3,280 SqFt
201 Riverside Avenue, Theresa, NY, 13691	$199,000	4	2	2,260	2,260 SqFt
207 Riverside Avenue, Theresa, NY, 13691	$205,000	4	3	2,395	2,395 SqFt
311 Main Street, Theresa, NY, 13691	$69,900	5	2	1,872	1,872 SqFt
103-107 High Street, Theresa, NY, 13691	$254,000	8	3	3,304	3,304 SqFt
36200 County Route 136, Theresa, NY, 13691	$275,000	3	2	1,720	1,720 SqFt

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ByOwner last updated this listing 06/15/2026 @ 11:23

MLS: S1682928 LISTED BY: Brittney Umstead, Realty by the River, Inc. 315-250-9730 SOURCE: Central New York Information Services