116 E Heman St East Syracuse, NY 13057
Estimated payment $3,145/month
Highlights
- Property is near public transit
- Corner Lot
- 1 Car Garage
- Wood Flooring
- Baseboard Heating
- 5-minute walk to Hanlon Pool & Ellis Field Park
About This Home
Rare opportunity to purchase an apartment building with OWNER FINANCING - seller is asking for 20% down, 7% interest, and balloon payment in 5 years. This 6-unit building located in the desirable village of East Syracuse includes one 2-bedroom and five 1-bedroom apartments, all separately metered and rented to long term tenants. With current rents, the property grosses close to $55,000 per year. Rents are well below market rate, representing significant upside for the new owner and enormous cashflow potential. Other features include a parking lot with space for 6 vehicles plus a 6-car garage which is rented for additional income.
Listing Agent
Listing by Acropolis Realty Group LLC License #10301218603 Listed on: 07/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,335
Year Built
- Built in 1925
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 60x145
- Corner Lot
- Rectangular Lot
Parking
- 1 Car Garage
- Driveway
Home Design
- Siding
- Copper Plumbing
Interior Spaces
- 6 Bedrooms
- 7,418 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Free-Standing Range
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Location
- Property is near public transit
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
Community Details
- 6 Units
- 6 Separate Gas Meters
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 312601-002-000-0010-009-000-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $8,335 | $175,000 | $15,000 | $160,000 |
| 2023 | $7,231 | $145,000 | $15,000 | $130,000 |
| 2022 | $6,970 | $121,300 | $15,000 | $106,300 |
| 2021 | $6,742 | $105,500 | $15,000 | $90,500 |
| 2020 | $6,715 | $105,500 | $15,000 | $90,500 |
| 2019 | $2,896 | $105,500 | $15,000 | $90,500 |
| 2018 | $6,858 | $105,500 | $15,000 | $90,500 |
| 2017 | $2,744 | $105,500 | $15,000 | $90,500 |
| 2016 | $6,865 | $105,500 | $15,000 | $90,500 |
| 2015 | -- | $105,500 | $15,000 | $90,500 |
| 2014 | -- | $105,500 | $15,000 | $90,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | For Sale | $469,000 | -- | $63 / Sq Ft |
Source: Central New York Information Services
MLS Number: S1621195
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