$599,900
PENDING $20K PRICE DROP

866 Lancaster Ave Syracuse, NY 13210

University Neighborhood

Estimated payment $4,413/month

Total Views 6,937
5 Beds
-- Bath
5,440 Sq Ft
$110 Price per Sq Ft

Highlights

  • Deck
  • Furnished
  • Garage
  • Wood Flooring
  • Forced Air Heating System
  • Laundry Facilities

About This Home

Prime 5-Unit investment opportunity in the heart of Syracuse University neighborhood!Located just minutes from Syracuse University, this rare five-unit property offers an unmatched combination of size, location, and layout—perfect for investors seeking strong rental potential in a high-demand area. This property currently generates over $6,500 in monthly gross income, with room to increase rents according to market value, currently setup with four 1-bedroom apartments and one 3 bedroom apartment.. The property is well maintained featuring spacious units, each designed for comfort, with functional layouts that maximize rental income.

Listing Agent

Esmir Omerovic

Listing by eXp Realty Brokerage Phone: 888-276-0630 License #10301216408 Listed on: 04/01/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,605

Year Built

  • Built in 1920

Lot Details

  • 5,280 Sq Ft Lot
  • Lot Dimensions are 40x132
  • Rectangular Lot

Home Design

  • Wood Siding

Interior Spaces

  • 5 Bedrooms
  • 5,440 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Partially Finished Basement

Flooring

  • Wood
  • Laminate

Parking

  • Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 5 Units
  • Laundry Facilities
  • 1 Separate Gas Meter

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 311500-052-000-0005-019-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,605

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Common Area Maintenance, Electricity, Heat, Hot Water, Parking, Snow Removal, Water
  • Year Built: 1920
  • Attribution Contact: 888-276-0630
  • ResoLaundryFeatures: Common Area
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Flooring: Hardwood, Laminate, Varies
  • Year Built Details: Existing
  • Property Sub Type Additional: Other
  • Special Features: VirtualTour

Interior Features

  • Appliances: Appliances Negotiable, Gas Water Heater
  • Basement: Partially Finished
  • Basement YN: Yes
  • Total Bedrooms: 5
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.1212
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Blacktop Driveway, Deck
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: One Space, Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Syracuse

Lot Info

  • Parcel Number: 311500-052-000-0005-019-000-0000
  • Lot Dimensions: 40X132
  • Lot Size Sq Ft: 5280.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units Total: 5
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 14605.0
  • Tax Lot: 19

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Pending -- -- --
05/01/2025 05/01/25 Price Changed $599,900 -3.2% $110 / Sq Ft
04/01/2025 04/01/25 For Sale $619,900 -- $114 / Sq Ft
Source: Central New York Information Services

Source: Central New York Information Services

MLS Number: S1596254

Central New York Information Services
New York Onondaga County Syracuse 13210 University

866 Lancaster Ave, Syracuse, NY

This home is located at 866 Lancaster Ave, Syracuse, NY 13210 and is currently priced at $599,900, approximately $110 per square foot. This property was built in 1920. 866 Lancaster Ave is a home located in Onondaga County with nearby schools including Edward Smith School PTO, Nottingham High School, and Montessori School Of Syracuse.

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Esmir Omerovic
Listing Agent
Esmir Omerovic
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eXp Realty
(315) 810-9938