$350,000

406 Park Ave Syracuse, NY 13204

Park Ave Neighborhood

Estimated payment $2,406/month

Total Views 478
5 Beds
-- Bath
4,655 Sq Ft
$75 Price per Sq Ft

Highlights

  • 0.21 Acre Lot
  • Corner Lot
  • Hot Water Heating System
  • Wood Flooring
  • Ceiling Fan
  • 1-minute walk to Leavenworth Park

About This Home

Investment Opportunity! This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one. Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants.
Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity.

Listing Agent

Sarah Oot

Listing by Brick and Linen LLC License #10491212607 Listed on: 07/11/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,051

Year Built

  • Built in 1940

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 90x100
  • Corner Lot
  • Rectangular Lot

Home Design

  • Copper Plumbing

Interior Spaces

  • 5 Bedrooms
  • 4,655 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Laminate

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • No Garage
  • Driveway

Utilities

  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 311500-106-000-0010-025-000-0000

Community Details

Overview

  • 5 Units
  • Smiley Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,051

Year Built

Built in 1940

Lot Details

9,000 Sq Ft Lot

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Snow Removal, Trash Collection, Water
  • Year Built: 1940
  • ResoLaundryFeatures: Common Area
  • Lot Features: Corner Lot, Rectangular, Rectangular Lot
  • Subdivision Name: Smiley
  • Directions: Geddes Street to Park Ave Corner
  • Flooring: Hardwood, Laminate, Varies
  • Garage Yn: No
  • Interior Features: Ceiling Fan(s)
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers, Fuses
  • Property Sub Type Additional: Other
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement: Full, Walk-Out Access, Sump Pump
  • Basement YN: Yes
  • Total Bedrooms: 5
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.2066
  • Waterfront: No
  • Construction Type: Attic/Crawl Hatchway(s) Insulated, Block, Concrete, Copper Plumbing
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage

Utilities

  • Heating: Other, See Remarks, Hot Water
  • HeatingYN: Yes
  • Utilities: Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

  • Junior High Dist: Syracuse

Lot Info

  • Parcel Number: 311500-106-000-0010-025-000-0000
  • Lot Dimensions: 90X100
  • Lot Size Sq Ft: 9000.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 6051.0
  • Tax Lot: 25

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/11/2026 07/11/26 For Sale $350,000 0.0% $75 / Sq Ft
02/12/2025 02/12/25 Rented $800 0.0% --
02/08/2025 02/08/25 Price Changed $800 +3.2% $0 / Sq Ft
02/08/2025 02/08/25 For Rent $775 -- --
Source: Central New York Information Services

Source: Central New York Information Services

MLS Number: S1697906

Central New York Information Services
New York Onondaga County Syracuse 13204 Park Ave

406 Park Ave, Syracuse, NY

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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.

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Sarah Oot
Listing Agent
Sarah Oot
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Brick and Linen LLC
(315) 915-2042
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