Estimated payment $340/month
Value-Add Multifamily | Conversion Opportunity | 2,800 SF Exceptional opportunity to acquire a 2,800 sq/ft duplex with significant upside potential in the City of Syracuse. Formerly configured as a 4-unit property, this asset presents a prime value-add play for investors looking to maximize cash flow through reconfiguration and renovation. Currently set up as a 2-unit property, the building is underutilized with only 2 bedrooms total, but offers a clear path to restore or reconfigure into a 4-unit layout or optimize into two large 4-bedroom units. Investment Highlights
2,800 sq/ft duplex (former 4-unit) Strong value-add / repositioning opportunity Separate gas & electric meters Low taxes Ability to convert back to 4 units or optimize layout Projected market rent of ~$3,700/month as two 4-bed units Ideal for BRRRR, flip, or long-term hold strategy Value-Add Potential
With the right renovation plan, this property can be transformed into a high-performing asset. Whether restoring the original 4-unit configuration or creating larger, high-rent units, investors have multiple exit strategies. Condition
Full renovation required Perfect for experienced investors or contractors looking to force appreciation Location
Conveniently located on Lakeview Ave with close proximity to downtown Syracuse, major employers, and transportation corridors—supporting strong rental demand. Summary: A rare chance to unlock hidden value in a large multifamily footprint. With proper execution, this property has the potential to deliver strong cash flow and long-term equity growth
Listing Agent
Listing by Hunt Real Estate ERA License #10301222752 Listed on: 03/18/2026
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $563 | $20,000 | $6,900 | $13,100 |
| 2024 | $900 | $20,000 | $6,900 | $13,100 |
| 2023 | $1,008 | $30,000 | $6,900 | $23,100 |
| 2022 | $1,149 | $30,000 | $6,900 | $23,100 |
| 2021 | $1,149 | $40,000 | $6,900 | $33,100 |
| 2020 | $1,170 | $40,000 | $6,900 | $33,100 |
| 2019 | $1,161 | $40,000 | $6,900 | $33,100 |
| 2018 | $1,161 | $40,000 | $6,900 | $33,100 |
| 2017 | $1,109 | $40,000 | $6,900 | $33,100 |
| 2016 | $1,121 | $40,000 | $6,900 | $33,100 |
| 2015 | -- | $40,000 | $6,900 | $33,100 |
| 2014 | -- | $40,000 | $6,900 | $33,100 |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/23/2026 03/23/26 | Pending | -- | -- | -- | |
| 03/18/2026 03/18/26 | For Sale | $40,000 | +60.0% | $14 / Sq Ft | |
| 02/17/2026 02/17/26 | Sold | $25,000 | -37.3% | $9 / Sq Ft | View Prior Sale |
| 12/29/2025 12/29/25 | Pending | -- | -- | -- | |
| 12/18/2025 12/18/25 | For Sale | $39,900 | +60.2% | $14 / Sq Ft | |
| 10/26/2023 10/26/23 | Sold | $24,900 | 0.0% | $9 / Sq Ft | View Prior Sale |
| 07/25/2023 07/25/23 | Pending | -- | -- | -- | |
| 07/25/2023 07/25/23 | Price Changed | $24,900 | -37.6% | $9 / Sq Ft | |
| 05/09/2023 05/09/23 | For Sale | $39,900 | +698.0% | $14 / Sq Ft | |
| 02/06/2020 02/06/20 | Sold | $5,000 | 0.0% | $2 / Sq Ft | View Prior Sale |
| 12/20/2019 12/20/19 | Pending | -- | -- | -- | |
| 12/06/2019 12/06/19 | Price Changed | $5,000 | -50.0% | $2 / Sq Ft | |
| 11/05/2019 11/05/19 | Price Changed | $10,000 | -33.3% | $3 / Sq Ft | |
| 10/02/2019 10/02/19 | For Sale | $15,000 | -- | $5 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $10,000 | -- | |
| Deed | $24,900 | None Available | |
| Warranty Deed | $8,500 | None Available | |
| Warranty Deed | $8,500 | None Available | |
| Deed | $5,000 | None Available | |
| Deed | $5,000 | None Available | |
| Deed | $98,653 | -- | |
| Foreclosure Deed | $98,653 | -- |
Hi, I’m Zach Johnson — a lifelong Central New Yorker and a full-time real estate professional with 10 years of experience helping families buy and sell homes with confidence. I’ve owned and managed many local rental units myself, which gives me a unique understanding of how homes should function, what buyers look for, and how to spot issues before they become surprises.
As a partner of Nova Property Management, I stay deeply involved in the day-to-day realities of housing, maintenance, and
$130,000 Pending
128 Gere Ave, Syracuse, NY 13204Well-maintained duplex investment property featuring two excellent long-term tenants and professional management already in place, offering a true hands-off ownership opportunity. Unfortunately, the top tenant is a New York Knicks fan. Property Highlights: Duplex – Fully Occupied Gross Monthly Income: $1,650 Tenants Pay Gas & Electric (separately metered)
Zachary Johnson Hunt Real Estate ERA
$315,000
Welcome to 1216 Bellevue Ave, a rare opportunity to own a spacious 4-unit multi-family property in the heart of Syracuse. Offering nearly 6,000 square feet of living space, this building provides strong rental potential and a solid foundation for long-term investment. Key features include: Four units, each with separate gas and electric meters for easy tenant management. A newer roof, ensuring
Zachary Johnson Hunt Real Estate ERA
$110,000 Pending
Duplex | (2) Units – 2 Bed / 1 Bath Each | Fully Rented Investment Property Located in the desirable Strathmore neighborhood, this fully occupied duplex offers strong in-place cash flow and operational efficiency, making it an ideal addition to any investor’s portfolio. Each unit features 2 bedrooms and 1 bathroom, providing spacious layouts that appeal to long-term tenants. The property is
Zachary Johnson Hunt Real Estate ERA
$80,000 Pending
Charming Bungalow with Investment Potential – Close to Hospitals & Highways Welcome to this affordable 3-bedroom, 1-bath bungalow, perfectly situated for both homeowners and investors. Located just minutes from major highways and local hospitals, this property offers a prime blend of convenience and accessibility. The cozy layout features three comfortable bedrooms and a full bath, making it an
Zachary Johnson Hunt Real Estate ERA
$60,000 Pending
3 Bed | 1 Bath | Approx. 2,000 Sq Ft | Value-Add Investment Opportunity Located in the Washington Square neighborhood, this spacious approximately 2,000 square foot property presents a strong value-add opportunity for investors seeking upside through renovation and repositioning. Currently configured as a 3-bedroom, 1-bath home, the generous square footage offers the potential to add an
Zachary Johnson Hunt Real Estate ERA
$65,000 Pending
Welcome to 115 S Alvord St, Syracuse, NY 13203 — a turnkey, cash-flowing rental property offering stability, strong payment history, and minimal landlord expense. Property Highlights:2 Bedrooms | 2 Full Bathrooms Long-term tenant in place Current rent: $1,350 per month Section 8 pays 100% of the rent Tenant pays gas & electric Low property taxes Strong rental history This property provides
Zachary Johnson Hunt Real Estate ERA
$120,000
Welcome to 229 Hier Ave — a solid duplex opportunity in the heart of Syracuse with separate gas and electric utilities, making management simple and efficient for both investors and owner-occupants alike. This property features a spacious 2-bedroom, 1-bath front unit and a 1-bedroom, 1-bath rear unit. The front unit has been occupied by the same family for approximately 20 years and has been
Zachary Johnson Hunt Real Estate ERA
$90,000 Pending
3 Bed | 1 Bath | Cape Cod | Tenant-Occupied Investment Property Located in the established Elmwood neighborhood, this solid Cape Cod-style investment property offers immediate rental income and long-term stability for investors seeking performing assets in Syracuse’s active rental market. This 3-bedroom, 1-bath home is currently occupied by a long-term tenant paying $1,500 per month, providing
Zachary Johnson Hunt Real Estate ERA
Source: Central New York Information Services
MLS Number: S1667644
APN: 311500-109-000-0001-020-000-0000
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