10 unit apartment building for sale. Close to Western Lights Plaza consisting of Wegmans, Walgreens, Bank of America, Price Chopper, Valu Home Center and dozens of other retailers and restaurants. This property primarily consists of 1 & 2 bedroom units. 9 of the 10 units are rented with one unit left vacant for showing purposes. 6 of the units are rented by Catholic Charities for guaranteed income while the other units are a mix of cash payers and other voucher programs. The property brings in ~$125,000 in annual income with the opportunity to bring rents to market rate through varies interior renovations, renting out the 10 storage units in the lower level and also equip the laundry room with coin operated washer and dryers at it is currently empty. Each tenant pays their own electrical and the landlord pays for heat, water/sewer and the house meter for common areas. Annual expenses are ~$41,000 giving you an NOI of $80,000 after vacancy factor valuing this property at $700,000 or an 11.5% cap rate. A phenomenal opportunity to recognize strong cashflow day one with upside to the bottom line.
Last Agent to Sell the Property
Listing by Hunt Real Estate ERA License #10401323828 Listed on: 02/25/2025
Last Buyer's Agent
Listing by Hunt Real Estate ERA License #10401323828 Listed on: 02/25/2025
$638,999
Attention all investors! Amazing sun-drenched corner lot that showcases an 11 unit building in which each unit includes a large one-bedroom. Most of the units have been updated w/3 new kitchens & 3 new bathrooms. Improvements include a new roof with new plywood and new shingles. All new luxury vinyl plank flooring in all common area hallways. There is a one-car garage and a driveway for 2 cars.
Susan Li Coldwell Banker Prime Prop,Inc
$720,000
Within walking distance to Schiller Park, downtown & stores, this 9-unit well kept, walk up garden apartment consists of 3 one-bedroom & 6 two-bedrooms. Most of the units have been updated and each apartment has a parking spot. Upper apartments have sliding glass door out to balcony area. There is a 2-car garage, on-site coin-op laundry area and two boiler systems. Landlord is absorbing the
Susan Li Coldwell Banker Prime Prop,Inc
$695,000
3 unit w/ 10 beds total-Fully Leased for 2025-26 School Year. Comes Furnished.Improvements :- New Furniture - Flat Screen TV’s in each unit- Onsite Parking - Interior Painting- Black out curtains- New Front porch and steps- Replaced carpet with luxury vinyl flooring
Andrea Bucci Acropolis Realty Group LLC
$695,000
Remarkable look at the History of Syracuse Architecture...restore this beauty to it's original manner or take the current owner's plans and turn it into housing. The front/main house has two floors of gorgeous woodwork, stained glass and ample space to make 1-2 larger apartments or make smaller units and get 5-6 units. The newer back area has been demo'd to make way for 8-12 units depending on
Chris Moreland Acropolis Realty Group LLC
$550,000
6-unit apartment near Syracuse University!Fantastic investment opportunity in a prime location. This well-maintained 6-unit building, fully renovated in 2010, features six two-bedroom, one-bath units, each offering comfortable layouts and modern updates. All utilities are separately metered and paid by tenants, keeping owner expenses low. Tenants enjoy on-site laundry and
Julie Brooks Integrated Real Estate Ser LLC
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Sold | $670,000 | -2.9% | $75 / Sq Ft |
| 03/18/2025 03/18/25 | Price Changed | $690,000 | -1.4% | $77 / Sq Ft |
| 02/25/2025 02/25/25 | For Sale | $700,000 | +54.9% | $79 / Sq Ft |
| 04/14/2020 04/14/20 | Pending | -- | -- | -- |
| 04/14/2020 04/14/20 | For Sale | $452,000 | 0.0% | $51 / Sq Ft |
| 04/13/2020 04/13/20 | Sold | $452,000 | -- | $51 / Sq Ft |
Seller's Agent in 2025
Dante Belmonte
Hunt Real Estate
(315) 794-1522
52 in this area
359 Total Sales
N
Seller's Agent in 2020
NON MLS
Syracuse Non-MLS
Buyer's Agent in 2020
Frank Procopio
Hunt Real Estate
(315) 928-5394
28 in this area
136 Total Sales
Source: Central New York Information Services
MLS Number: S1590220
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.