318 E Division St Syracuse, NY 13208
Northside NeighborhoodEstimated payment $2,337/month
Highlights
- Wood Flooring
- Forced Air Heating System
- Rectangular Lot
About This Home
5-Unit Mixed-Use | 11% Cap Rate | Priced for Immediate Equity Excellent opportunity to acquire a 5-unit mixed-use investment in Syracuse featuring 4 residential apartments and 1 commercial storefront. This asset is being offered at an 11% cap rate and is priced aggressively at $400,000 for a quick sale—despite a December appraisal of $540,000, creating $190,000 in instant equity! Property Highlights: 5 total units: 4 residential + 1 commercial Strong income profile with stable tenancy Current Certificate of Compliance Only 1 unit currently vacant Vacant unit can be leased prior to closing if the buyer prefers a fully stabilized asset Appraised at $540,000 (Dec.) – asking just $350,000 11% cap rate at offering price Ideal for cash investors This property is well-suited for investors seeking high yield, mixed-use diversification, and immediate upside through lease-up or long-term hold. Flexible closing options and lease-up coordination available.
Listing Agent
Listing by Acropolis Realty Group LLC License #10301222752 Listed on: 01/20/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,743
Year Built
- Built in 1940
Lot Details
- 3,267 Sq Ft Lot
- Lot Dimensions are 33x99
- Rectangular Lot
Parking
- No Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 4 Bedrooms
- 6,366 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Laminate
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 5 Units
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 311500-008-000-0011-004-000-0000
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 | $3,134 | $90,000 | $9,800 | $80,200 |
| 2023 | $3,138 | $90,000 | $9,800 | $80,200 |
| 2022 | $3,230 | $90,000 | $9,800 | $80,200 |
| 2021 | $3,230 | $90,000 | $9,800 | $80,200 |
| 2020 | $3,256 | $90,000 | $9,800 | $80,200 |
| 2019 | $4,178 | $90,000 | $9,800 | $80,200 |
| 2018 | $3,222 | $90,000 | $9,800 | $80,200 |
| 2017 | $1,612 | $90,000 | $9,800 | $80,200 |
| 2016 | $1,622 | $90,000 | $9,800 | $80,200 |
| 2015 | -- | $90,000 | $9,800 | $80,200 |
| 2014 | -- | $90,000 | $9,800 | $80,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/29/2026 01/29/26 | Price Changed | $350,000 | -12.5% | $55 / Sq Ft | |
| 01/20/2026 01/20/26 | For Sale | $400,000 | +40.4% | $63 / Sq Ft | |
| 06/17/2025 06/17/25 | Sold | $285,000 | -5.0% | $45 / Sq Ft | View Prior Sale |
| 05/02/2025 05/02/25 | Pending | -- | -- | -- | |
| 02/25/2025 02/25/25 | For Sale | $299,900 | +22.4% | $47 / Sq Ft | |
| 12/21/2022 12/21/22 | Sold | $245,000 | 0.0% | $38 / Sq Ft | View Prior Sale |
| 10/06/2022 10/06/22 | Pending | -- | -- | -- | |
| 10/03/2022 10/03/22 | For Sale | $245,000 | 0.0% | $38 / Sq Ft | |
| 05/03/2022 05/03/22 | Pending | -- | -- | -- | |
| 04/25/2022 04/25/22 | For Sale | $245,000 | +96.0% | $38 / Sq Ft | |
| 10/30/2019 10/30/19 | Sold | $125,000 | 0.0% | $20 / Sq Ft | View Prior Sale |
| 06/26/2019 06/26/19 | For Sale | $125,000 | 0.0% | $20 / Sq Ft | |
| 06/23/2019 06/23/19 | Pending | -- | -- | -- | |
| 06/18/2019 06/18/19 | For Sale | $125,000 | -- | $20 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | -- | |
| Warranty Deed | $245,000 | None Available | |
| Warranty Deed | $125,000 | -- | |
| Warranty Deed | $125,000 | -- | |
| Deed | $115,000 | -- | |
| Deed | $115,000 | -- | |
| Deed | -- | Warren Wolfson | |
| Deed | -- | Warren Wolfson | |
| Deed | $50,000 | -- | |
| Deed | $50,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Previous Owner | $196,000 | Purchase Money Mortgage | |
| Previous Owner | $93,750 | Stand Alone Refi Refinance Of Original Loan |
Source: Central New York Information Services
MLS Number: S1658880
APN: 311500-008-000-0011-004-000-0000
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