Prime Mixed-Use Investment Opportunity – 116 W Manlius St, East Syracuse, NY.
Discover the potential of this 4-unit mixed-use property in the heart of East Syracuse! 116 W Manlius St features two commercial storefronts on the first floor and two residential apartments on the second floor, offering a versatile investment opportunity.
Currently, one commercial unit and both residential apartments are leased, generating a gross income of $2,750 per month. The total gross rent will be increasing to $3,000 per month effective September 1, 2025 (NOT including current vacant commercial unit).
This setup presents an excellent opportunity for an owner-user looking to establish their business in the vacant commercial space while benefiting from existing rental income. Alternatively, investors can further maximize returns by leasing the remaining unit and implementing value-add improvements to achieve market-rate rents.
Additional features include a small parking area in the back of the building for tenant convenience and separately metered utilities for each unit, creating ease of management.
This property offers a prime chance to secure a highly visible location with significant upside potential. Just minutes from downtown Syracuse, easy access to I-690, and less than 20 minutes to the proposed Micron site. Do not miss this opportunity to own a strategically positioned asset in a growing area!
Assessor Parcel Number 312601-004-000-0008-017-000-0000
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$5,527
Year Built
Built in 1930
Lot Details
0
Listing Details
Property Sub Type: Multi Family
Property Type: Residential
Rent Includes: Water
Year Built: 1930
Lot Features: Rectangular, Rectangular Lot
Road Frontage Type: Main Thoroughfare
Co List Office Mls Id: OHAR01
Co List Office Phone: 315-491-6088
Directions: When traveling east on W Manlius St the property is located on the left after Silver St.
Flooring: Laminate, Tile, Varies, Vinyl
Unit Levels: Two
Year Built Details: Existing
Special Features: VirtualTour
Interior Features
Appliances: Gas Water Heater
Basement: Dirt Floor
Full Bathrooms: 2
Half Bathrooms: 2
Total Bedrooms: 4
Stories: 2
Stories: 2
Exterior Features
Acres: 0.17
Waterfront: No
Construction Type: Vinyl Siding
Foundation Details: Block
Garage/Parking
Parking Features: Other, Parking Available, On Street, See Remarks
Utilities
Heating: Gas, Baseboard, Forced Air
HeatingYN: Yes
Utilities: Sewer Connected, Water Connected
Water Source: Connected, Public
Condo/Co-op/Association
Senior Community: No
Schools
Junior High Dist: East Syracuse-Minoa
Lot Info
Parcel Number: 312601-004-000-0008-017-000-0000
Lot Dimensions: 43X161
Lot Size Sq Ft: 7405.0
ResoLotSizeUnits: Acres
Multi Family
Number Of Units In Community: 4
Number Of Units Total: 4
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Tax Info
Tax Annual Amount: 5527.0
Tax Lot: 17
Map
Range of Values:
Collateral Analytics
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ICE
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
Connor Schwartz is a seasoned real estate professional, investor, and licensed New York State real estate agent who assists in the oversight of all client transactions with the Trifecta Wealth Team of The O'Hara Group. With expertise in residential, investment, and commercial property sales, Connor is dedicated to guiding clients through every step of the real estate process, ensuring each deal successfully reaches the closing table. As an experienced investor himself, he is able to provide
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This home is located at 116 W Manlius St, East Syracuse, NY 13057 and is currently priced at $285,000, approximately $69 per square foot. This property was built in 1930. 116 W Manlius St is a home located in Onondaga County with nearby schools including East Syracuse Elementary School, Pine Grove Middle School, and East Syracuse Minoa Central High School.
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