$499,900

Estimated payment $3,891/month

11 Beds
-- Bath
7,966 Sq Ft
$63 Price per Sq Ft

Highlights

  • Property is near public transit
  • Corner Lot
  • Open Patio
  • Wood Flooring
  • Porch
  • Baseboard Heating

About This Home

Excellent opportunity to acquire an 11-unit multifamily property located at the corner of Danforth St & N Alvord St. This income-producing asset consists entirely of one-bedroom units and currently generates close to $100,000 annually in gross rental income with opportunity for much more.
The owner has made significant improvements, including a new roof installed in 2025 and renovations in 9 of the 11 units. All 9 renovated units are currently occupied, providing immediate cash flow while still offering additional upside potential for investors looking to further increase value and maximize returns.
There is excellent opportunity to increase monthly income by bringing all 11 units to market rent, renting the garage and driveway spaces separately, and reducing operating expenses. The building is equipped with 24/7 video surveillance cameras. A property caretaker/security manager lives on site and is an added benefit for landlords. The property is currently operating with higher-than-average management and maintenance expenses that could potentially be reduced significantly by a more hands-on owner or operator.
Whether you are looking to expand your portfolio or step into a stabilized multifamily investment with additional value-add potential, this property presents an attractive opportunity with strong existing income and future upside.
Financials, rent roll, and additional property information available upon request.

Listing Agent

Teddy Lewandowski

Listing by Hunt Real Estate ERA License #10401296285 Listed on: 05/27/2026

Hunt Real Estate ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,232

Year Built

  • Built in 1940

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Corner Lot
  • Rectangular Lot

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Aluminum Siding

Interior Spaces

  • 11 Bedrooms
  • 7,966 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Vinyl

Outdoor Features

  • Open Patio
  • Porch

Location

  • Property is near public transit

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 11 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 311500-007-000-0012-016-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,232

Year Built

Built in 1940

Lot Details

6,600 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Common Area Maintenance, Snow Removal, Water
  • Year Built: 1940
  • Lot Features: Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
  • Flooring: Hardwood, Varies, Vinyl
  • Garage Yn: Yes
  • Year Built Details: Existing
  • Property Sub Type Additional: Other
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 11
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.1515
  • Waterfront: No
  • Construction Type: Aluminum Siding
  • Exterior Features: Blacktop Driveway
  • Patio And Porch Features: Open, Porch

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Three or more Spaces, Garage

Utilities

  • Heating: Electric, Gas, Baseboard
  • HeatingYN: Yes
  • Utilities: 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: 311500-007-000-0012-016-000-0000
  • Lot Dimensions: 50X132
  • Lot Size Sq Ft: 6600.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 11
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 14232.0
  • Tax Lot: 16

Map

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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 List to Sale Price per Sq Ft
05/27/2026 05/27/26 For Sale $499,900 -- $63 / Sq Ft
Source: Central New York Information Services

About the Listing Agent

Teddy Lewandowski

Listing by Hunt Real Estate ERA

(315) 909-6300

Section Image

Teddy is a diligent NY Licensed Salesperson born and raised in Syracuse. His knowledge of the area combined personal investing experience make him a great asset to any buyer or seller. Teddy prides himself on his responsiveness, honesty, and work ethic. He has successfully helped clients with their residential, investment, and commercial needs. Teddy was a Jamesville-DeWitt graduate and then studied Finance and Economics at St. Bonaventure University. He worked as a Financial Advisor for over a

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Source: Central New York Information Services

MLS Number: S1680291

Central New York Information Services
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