This low maintenance, hassle-free mixed-use property in Solvay comes with long-term, stable tenants and has great value-add potential. There are two 1-bedroom apartments on the 2nd floor currently rented for $650/$725 and an updated commercial space on the 1st floor that is rented for $1,200/mo. Rents are significantly below market, this property could easily generate $3,000/mo+ in gross rents. There is historic demand for apartments and the high-visibility location makes the commercial space very attractive for a small business. Built in 1991, this is a rare opportunity to buy a newer construction investment property, meaning fewer headaches and maintenance calls. Features include electric baseboard and radiant heat (no furnaces!), vinyl siding, and no basement.
Last Agent to Sell the Property
Listing by Acropolis Realty Group LLC License #10301218603 Listed on: 12/18/2024
$214,900
Discover this exceptional multi-family property in the heart of Solvay, NY, featuring two recently updated side-by side units that are currently rented out. The first unit is a charming 2-bedroom, while the second boasts 1 large bedroom. Recent renovations include updated kitchens and bathrooms, newer flooring, and fresh paint, providing a turnkey experience for both units.Both furnaces
Connor Schwartz The O'Hara Group
$249,900
RARE OPPORTUNITY TO PURCHASE A 2 FAMILY HOME ON CODY AVE IN TIPP HILL. LONG TERM TENANTS. BOTH UNITS ARE 2 BEDROOMS, LIVING ROOM, DINING ROOM, MODERN KITCHENS AND BATHROMS, OFF STREET PARK. SELLER REQUESTS THAT ALL SHOWINGS SHOULD TAKE PLACE ON MONDAY JUNE 2ND FROM 3:00PM - 6:00PM SO AS NOT TO INCONVENIENCE THE TENANTS. OFFER DEADLINE SET FOR NOON FRIDAY JUNE 6TH.
Adrian Nugent Berkshire Hathaway CNY Realty
$225,000
Looking for an investment opportunity in the city of Syracuse? 220 Lakeview Ave is a turn=key duplex that's the PERFECT starter or addition to your portfolio! This property includes a parking lot for convenient tenant parking! Exterior includes new siding, windows & metal roof all done within the past four years! The entire interior has been remolded with new flooring, lighting & paint
Ryan Millard Coldwell Banker Prime Prop,Inc
$184,900
Welcome to this exceptional two-family property, offering a turnkey investment opportunity or the perfect setup for an owner-occupant. With all the big-ticket items already taken care of, you can move in with peace of mind. The exterior features newer vinyl siding, energy-efficient vinyl windows, and a recently replaced roof—major updates that add value and long-term durability.Inside,
Teddy Lewandowski Hunt Real Estate ERA
$184,900
Welcome to 1516 Valley Dr, a fantastic mixed-use building situated in Syracuse, NY. The street front boasts a successful store and print shop while the back is a residential 3 bedroom, 2 full bathroom house! Both units are currently rented out for a total gross monthly rent of $2,375 effective 1/1/2025. This presents terrific potential cashflow for an investor! Convenience is key, and this
Connor Schwartz The O'Hara Group
$169,000
Turn Key. Great investment opportunity. The downstairs could be rented or used as an Airbnb. The upstairs is occupied. It was recently remodeled. The house has been well cared for. It has a newer metal roof. Take advantage of lower electric costs with Solvay Electric.
Paul Bolinski SVR Realty LLC
$217,000
Spacious 2-Unit Investment Opportunity – Far West Side, Syracuse. This well-sized 2-unit property on Syracuse’s Far West Side offers a fantastic opportunity for both investors and owner-occupants alike. The first unit features 3 bedrooms plus a versatile loft space, while the second unit includes 1 bedroom, making the layout ideal for multi-generational living or rental income. Both units have
Zach Oneill Hunt Real Estate ERA
$175,500
Investors don't miss this opportunity! Duplex for sale just six minutes from the NYS Fairground & within walking distance to Eva's, Twin Trees, & Public Transit! Two units with 2 bedrooms & 1 bathroom each. The upstairs unit was fully renovated in 2022 with new vinyl flooring, all new sheetrock, new lighting & a complete kitchen & bathroom remodel. This unit was previously rented for
Anne Johnson Coldwell Banker Prime Prop,Inc
$160,000
Welcome to this centrally located Syracuse property, zoned multifamily but offering seamless potential as a single-family residence—no renovations required, just a simple door removal. Whether you’re looking for an owner-occupant setup, an in-law arrangement, or a solid investment property, this home delivers unmatched flexibility.As a single-family residence, the layout offers 4 bedrooms
Pamela Cullip Berkshire Hathaway HomeServices Heritage Realty
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $190,000 | None Available | |
| Warranty Deed | $163,000 | None Available | |
| Warranty Deed | $163,000 | None Available | |
| Deed | -- | Anthony R. Hanley | |
| Deed | -- | Anthony R. Hanley | |
| Foreclosure Deed | $95,929 | Anthony R. Hanley | |
| Foreclosure Deed | $95,929 | Anthony R. Hanley | |
| Deed | $110,000 | Peter Murray | |
| Deed | $110,000 | Peter Murray | |
| Deed | $101,000 | -- | |
| Deed | $101,000 | -- |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | Sold | $190,000 | -5.0% | $128 / Sq Ft |
| 03/17/2025 03/17/25 | Pending | -- | -- | -- |
| 12/18/2024 12/18/24 | For Sale | $199,900 | -- | $134 / Sq Ft |
| 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 | $6,505 | $111,800 | $10,000 | $101,800 |
| 2023 | $7,356 | $111,800 | $10,000 | $101,800 |
| 2022 | $6,884 | $111,800 | $10,000 | $101,800 |
| 2021 | $6,807 | $111,800 | $10,000 | $101,800 |
| 2020 | $6,732 | $111,800 | $10,000 | $101,800 |
| 2019 | $5,236 | $111,800 | $10,000 | $101,800 |
| 2018 | $10,337 | $111,800 | $10,000 | $101,800 |
| 2017 | -- | $111,800 | $10,000 | $101,800 |
| 2016 | $6,456 | $111,800 | $10,000 | $101,800 |
| 2015 | -- | $111,800 | $10,000 | $101,800 |
| 2014 | -- | $111,800 | $10,000 | $101,800 |
C
Seller's Agent in 2025
Christopher Newman
Acropolis Realty Group LLC
A
Buyer's Agent in 2025
Andrea Bucci
Acropolis Realty Group LLC
Source: Central New York Information Services
MLS Number: S1581751
APN: 313201-004-000-0001-001-000-0000
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