1541 South Ave Unit 43 Syracuse, NY 13207
Elmwood NeighborhoodEstimated payment $879/month
Highlights
- Deck
- Wood Flooring
- Gravity Heating System
- Fred S Engle Middle School Rated A-
- Wood Siding
About This Home
Welcome to 1541–1543 South Avenue, a well-maintained two-family home in the heart of Syracuse’s Southside neighborhood — an ideal opportunity for investors or owner-occupants alike. Each unit offers generous living space, classic character, and strong rental potential. The first-floor unit features 3 bedrooms and 1 full bath, along with a formal dining room, spacious living room, and a traditional floor plan that tenants love. This unit is currently occupied on a month-to-month lease at $1,100 per month, providing immediate rental income and stability from day one. The second-floor unit mirrors the first in size and layout, offering 3 bedrooms, 1 bath, a large living room, formal dining room, and a bright eat-in kitchen. The upper unit has seen modern updates to both the kitchen and bathroom, combining contemporary comfort with the home’s timeless appeal. Additional features include a full basement for storage and mechanicals, plus a spacious attic that could be finished or used for additional storage. Utilities are separately metered, keeping operating costs efficient. An additional 20 feet was added to the parcel for potential to install a driveway. Conveniently located near downtown Syracuse, shopping, schools, and major highways, this property offers both strong cash flow potential and long-term appreciation. Whether you’re expanding your portfolio or looking to live in one unit while the other helps pay your mortgage, 1541–1543 South Avenue is a smart, move-in-ready investment opportunity with solid returns and lasting value.
Listing Agent
Listing by Hunt Real Estate ERA License #10301217122 Listed on: 10/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,347
Year Built
- Built in 1930
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 53x132
- Irregular Lot
Home Design
- Poured Concrete
- Wood Siding
- Copper Plumbing
Interior Spaces
- 2,064 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Deck
Utilities
- Heating System Uses Gas
- Gravity Heating System
- PEX Plumbing
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 28
- Assessor Parcel Number 311500-078-000-0001-028-000-0000
Community Details
Overview
- 2 Units
- Bissell & Hunt Subdivision
Building Details
- 2 Separate Gas Meters
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 | $1,113 | $40,000 | $3,100 | $36,900 |
| 2023 | $1,120 | $40,000 | $3,100 | $36,900 |
| 2022 | $1,149 | $40,000 | $3,100 | $36,900 |
| 2021 | $1,149 | $40,000 | $3,100 | $36,900 |
| 2020 | $1,170 | $40,000 | $3,100 | $36,900 |
| 2019 | $1,242 | $40,000 | $3,100 | $36,900 |
| 2018 | $851 | $15,000 | $3,100 | $11,900 |
| 2017 | $624 | $15,000 | $3,100 | $11,900 |
| 2016 | $810 | $15,000 | $3,100 | $11,900 |
| 2015 | -- | $32,000 | $3,100 | $28,900 |
| 2014 | -- | $32,000 | $3,100 | $28,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | Pending | -- | -- | -- | |
| 10/29/2025 10/29/25 | For Sale | $129,900 | +62.6% | $63 / Sq Ft | |
| 08/04/2022 08/04/22 | Sold | $79,900 | 0.0% | $39 / Sq Ft | View Prior Sale |
| 06/04/2022 06/04/22 | Pending | -- | -- | -- | |
| 05/27/2022 05/27/22 | For Sale | $79,900 | +1498.0% | $39 / Sq Ft | |
| 03/04/2016 03/04/16 | Sold | $5,000 | -27.5% | $2 / Sq Ft | View Prior Sale |
| 10/05/2015 10/05/15 | Pending | -- | -- | -- | |
| 07/28/2015 07/28/15 | For Sale | $6,900 | -- | $3 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $79,900 | None Available | |
| Warranty Deed | $79,900 | None Available | |
| Deed | $5,000 | James J. Wallace | |
| Deed | $5,000 | James J. Wallace | |
| Deed | $1,089 | Shannon Jones | |
| Deed | $1,089 | Shannon Jones | |
| Deed | $20,000 | Mark Farchione | |
| Deed | $20,000 | Mark Farchione |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,905 | New Conventional | |
| Closed | $75,905 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $25,000 | New Conventional |
Source: Central New York Information Services
MLS Number: S1647701
APN: 311500-078-000-0001-028-000-0000
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