447 New York 31 Bridgeport, NY 13030
Estimated payment $2,212/month
Highlights
- Brick or Stone Mason
- Rectangular Lot
- Vinyl Flooring
- Baseboard Heating
About This Home
447–449 New York 31 in Bridgeport is a 5,315 square foot, six-unit multifamily property positioned directly across from Point Place Casino. The asset consists of five 1-bedroom units and one 3-bedroom unit, all currently rented below market, creating a clear value-add opportunity through rent adjustments and strategic improvements. Both buildings are primarily brick with additional siding, offering durability and low ongoing maintenance. The property includes two garages at the rear that can generate additional income, along with dedicated parking for all tenants. The location is strong, surrounded by everyday conveniences including gas stations, restaurants, and local shops. It also benefits from regional development, sitting roughly 19 minutes from the future Micron site in Syracuse, which is expected to drive long-term housing demand throughout the area. This is a well-located, stable asset with immediate upside potential.
Listing Agent
SVN Innovative Commercial Advisors License #10401364805 Listed on: 11/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,940
Year Built
- Built in 1950
Lot Details
- 0.44 Acre Lot
- Lot Dimensions are 100x190
- Rectangular Lot
Home Design
- Brick or Stone Mason
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 6 Bedrooms
- 5,315 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Kitchen
- Gas Cooktop
- Microwave
Flooring
- Laminate
- Vinyl
Parking
- 3 Car Garage
- Driveway
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 8.6-1-55
Community Details
Overview
- Association fees include all utilities, electricity, heat, hot water, snow removal, water
- 6 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- Operating Expense $27,603
- Gross Income $53,940
- Net Operating Income $19,397
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2025 11/14/25 | For Sale | $310,000 | -- | $58 / Sq Ft |
Source: Ithaca Board of REALTORS®
MLS Number: R1651045
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