$560,000
SOLD SEP 17, 2025

866 Lancaster Ave Syracuse, NY 13210

University Neighborhood
5 Beds
-- Bath
5,440 Sq Ft
5,280 Sq Ft Lot

Recently Sold

$103 Per Sq Ft

10% Below List Price

80 Days on Market

Highlights

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

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Esmir Omerovic

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

eXp Realty

Last Buyer's 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

  • Rent includes common area maintenance, electricity, heat, hot water, parking, snow removal, water
  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2025 09/17/25 Sold $560,000 -6.7% $103 / Sq Ft
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

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Esmir Omerovic

    Seller's Agent in 2025

    Esmir Omerovic

    eXp Realty

    (315) 350-7884

    5 in this area

    187 Total Sales

    Esmir Omerovic
    Section Image
See All Agents

Map

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

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central New York Information Services The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
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. © 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.

Nearby Homes