$829,000

Estimated payment $5,885/month

Total Views 43,531
15 Beds
8 Baths
10,167 Sq Ft
$82 Price per Sq Ft

Highlights

  • 0.69 Acre Lot
  • Wood Flooring
  • Forced Air Heating System
  • Property is near public transit
  • Attic
  • Baseboard Heating

About This Home

Prime Historic Mixed-Use Property – 1208 James St, Syracuse, NY 13203This exceptional historic property in the prestigious James Street corridor offers a rare blend of commercial and residential space, making it a perfect for owner occupied and high-end investment opportunity . The main house features over 10,000 SQFT of finished space. two beautifully designed, spacious apartments, offering a luxurious residential component that enhances the property’s value . A state-of-the-art elevator with designated code for each floor ensures accessibility throughout the building. A Fully renovated finished basement unit with Three Bedrooms one and half baths full kitchen with dining and living area. First and second floors features over 4,000 sq. ft. of commercial space, divided into eight spacious office suites with high-end finishes.Additionally, the third floor features a stunning loft-style residential unit, with two bedrooms one and a half baths adding even more versatility to this investment.At the back of the main house, 16 dedicated parking spaces add convenience—an invaluable feature in this sought-after location. A fully restored carriage house with a three-car garage two bedrooms full bath brand new kitchen, provides additional rental potential or storage space.With estimated rental income of $12,000 per month, priced at 9%-10% cap rate. this turnkey investment combines historic charm, modern upgrades, and incredible income potential. Don’t miss the chance to own a versatile, income-generating gem in the heart of Syracuse!

Listing Agent

Igor Smetanin

Listing by SAP Real Estate Group, LLC License #10401382144 Listed on: 02/10/2025

Co-Listing Agent

Itay Sapir

Listing by SAP Real Estate Group, LLC License #10491211535

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,521

Year Built

  • Built in 1916

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 100x300
  • Rectangular Lot

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Stucco

Interior Spaces

  • 10,167 Sq Ft Home
  • 3-Story Property
  • Attic
  • Finished Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 15 Bedrooms

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Radiant Heating System
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 311500-019-000-0009-002-000-0000

Community Details

Overview

  • 4 Units
  • Colvin Farm Subdivision

Building Details

  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,521

Year Built

Built in 1916

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Other, See Remarks
  • Year Built: 1916
  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot
  • Co List Office Mls Id: SAPG01
  • Co List Office Phone: 315-440-4292
  • Subdivision Name: Colvin Farm
  • Directions: Turn right onto Sedgwick Street and then left to enter the back of the house.
  • Flooring: Hardwood, Luxury Vinyl, Tile, Varies
  • Garage Yn: Yes
  • Interior Features: Attic
  • Year Built Details: Existing
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater
  • Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 5
  • Total Bedrooms: 15
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.6887
  • Waterfront: No
  • Construction Type: Block, Fiber Cement, Concrete, Stucco

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Parking Available

Utilities

  • Heating: Electric, Gas, Baseboard, Forced Air, Radiant
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Syracuse

Lot Info

  • Parcel Number: 311500-019-000-0009-002-000-0000
  • Lot Dimensions: 100X300
  • Lot Size Sq Ft: 30000.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 15521.0
  • Tax Lot: 2

Map

Range of Values:

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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 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 -- $380,000 $57,300 $322,700
2023 $4,674 $380,000 $57,300 $322,700
2022 $4,694 $380,000 $57,300 $322,700
2021 $4,694 $380,000 $57,300 $322,700
2020 $5,111 $380,000 $57,300 $322,700
2019 $5,159 $380,000 $57,300 $322,700
2018 $5,159 $380,000 $57,300 $322,700
2017 $5,030 $380,000 $57,300 $322,700
2016 $5,144 $380,000 $57,300 $322,700
2015 -- $380,000 $57,300 $322,700
2014 -- $380,000 $57,300 $322,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 For Sale $829,000 -- $82 / Sq Ft
Source: Central New York Information Services

Purchase History

Date Type Sale Price Title Company
Warranty Deed $360,000 None Available
Deed $281,251 None Available
Deed $281,251 None Available
Deed $280,000 Terrence Langan
Deed $280,000 Terrence Langan
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Source: Public Records

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Source: Central New York Information Services

MLS Number: S1588009

Central New York Information Services

APN: 311500-019-000-0009-002-000-0000