302 Main Street

Theresa NY 13691

5988 sq. ft.

24596 sq. ft.

Other

Last sold for $215,000

Brittney Umstead, last sold this property on 06 November 2026 after 170 days on market.

Overview

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!

Features

6 bedrooms

5988 sq. ft. floor area

24596 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 6 bedroom other properties sold in Theresa over the last 12 months.

Property history for 302 Main Street

2026

Sold

$215,000

06 Nov 2026 by Brittney Umstead, of Realty by the River, Inc.

Happy sellers in Theresa

We have insufficient information to provide an overview of customer satisfaction for Theresa. Viewing the agent profiles, reviews and sales for Theresa can provide insights for this location.