Estimated payment $1,528/month
Turnkey Investment or Live-In Opportunity Near Syracuse University!
Whether you're an investor looking for strong rental income or an owner-occupant seeking flexible living arrangements, 1120 E Colvin St offers a rare combination of value, location, and versatility.
This fully furnished ranch has been a reliable income-producing property for over a decade, consistently rented to university students. While tax records list 3 bedrooms, the home currently features 5 bedrooms, 2 full bathrooms, 2 full kitchens, and 2 living areas—split between two levels with separate entrances. This setup is ideal for rental income, an in-law suite, or a live-in landlord arrangement.
Both levels offer comfortable, move-in-ready space with a mix of hardwood and resilient flooring, in-unit laundry, and updated mechanicals including multi-zone heating. A 1-car attached garage and double-wide driveway provide ample off-street parking.
Located just minutes from Syracuse University’s John A. Lally Athletics Complex and South Campus, the property is positioned for consistent demand. Public transit access, shops, restaurants, and recreation are all close by, enhancing its long-term appeal.
Whether you’re expanding your portfolio or searching for a home that helps pay the mortgage, this is a flexible and smart investment in a high-demand area.
The property currently leases for $2,800/month, with potential for increased future rents. It is being offered fully furnished, making it truly turnkey for investors or move-in ready for buyers. Don’t miss your chance to own a high-performing asset in one of Syracuse’s most sought-after rental corridors.
Listing Agent
Listing by Acropolis Realty Group LLC License #10401316693 Listed on: 08/06/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $65,000 | $12,700 | $52,300 |
| 2023 | $1,173 | $65,000 | $12,700 | $52,300 |
| 2022 | $1,192 | $65,000 | $12,700 | $52,300 |
| 2021 | $1,192 | $65,000 | $12,700 | $52,300 |
| 2020 | $1,250 | $65,000 | $12,700 | $52,300 |
| 2019 | $3,024 | $65,000 | $12,700 | $52,300 |
| 2018 | $1,250 | $65,000 | $12,700 | $52,300 |
| 2017 | $1,205 | $65,000 | $12,700 | $52,300 |
| 2016 | $1,224 | $65,000 | $12,700 | $52,300 |
| 2015 | -- | $65,000 | $12,700 | $52,300 |
| 2014 | -- | $65,000 | $12,700 | $52,300 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $225,000 | -- | $143 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Daniel Cantone |
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Source: Central New York Information Services
MLS Number: S1628478
APN: 311500-058-000-0011-005-000-0000
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