UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,864 sqft
Price per Sqft $13
Subdivision Sackett Farm
MLS Listing ID S1667644
Bedrooms 4
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $1,490
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 33X132
Property Sub-Type Multi Family
Property Description
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
Location
State NY
County Onondaga
Community Sackett Farm
Area Syracuse City-311500
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Other, See Remarks
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Other,See Remarks,Wood Siding
Construction Status Existing
Schools
School District Syracuse
Others
Senior Community No
Tax ID 311500-109-000-0001-020-000-0000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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KW Upstate New York Properties
Broker | License ID: 10991215115
Broker License ID: 10991215115