Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1039 Midland Ave Syracuse, NY 13205

    Sponsored
    For Sale
    Under Contract
    $299,000

    COMMERCIAL - Syracuse, NY

    Property size:
    3,961 SF
    Lot size:
    0.24 Acres
    Days on Market:
    21
    Last Refresh:
    Feb 11 at 8:06 pm

    Property Features for 1039 Midland Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    R2-COM Inn
    Rooms
    Basement
    APN
    311500-084-000-0001-028-000-0000
    Parking
    4
    Size
    3,961 SF
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Natural Gas

    Building Details

    Year built
    1960
    Floors in Building
    3
    Flooring type
    Hardwood, Varies, Vinyl, Linoleum
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Anne Abel
    Anne Abel

    Berkshire Hathaway HomeServices CNY Realty (315) 218-1480

    Listing agent Anne Abel (315) 373-0440 License #40AB0805145

    Listing date Jan 22, 2026

    MLS# S1638681

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Income-Producing 9-Bedroom Home

    This spacious property in Syracuse, NY, features 9 bedrooms and 3 bathrooms, offering versatility as a traditional single-family residence or an income-producing property. Currently operated as a business, the property holds a certificate of compliance with the City and undergoes required inspections. The owner provides room, meals, and transportation services based on individual agreements and receives referrals for potential residents from various outlets in the area. The property, situated on a 0.2386-acre lot, offers 3961 square feet of space. The zoning is R2-COM Inn. The flexible layout allows adaptation to suit specific needs, making it ideal for those seeking a large residence or continuing its current use as an income-producing opportunity. It is also listed as residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.152117
    Latitude
    43.028572

    Nearby Similar for Sale

    • $399,000
      4,408 SF

      Syracuse Commercial/Industrial Building For Sale

      4,408 sq ft commercial/industrial building in a busy area.
      6730 Townline Rd, Syracuse, NY 13211
      View Details
    • $450,000
      Pending

      Turnkey Restaurant Opportunity in Syracuse

      Fully renovated restaurant with equipment included, ready for immediate operation.
      210 W Seneca Tpke, Syracuse, NY 13205
      View Details
    • Contact for pricing
      2,388 SF

      Syracuse Two-Family Renovation Opportunity

      Two-family property in Syracuse, NY, needing major renovation.
      244 Garfield Ave, Syracuse, NY 13205
      View Details
    • New
      Contact for pricing
      1,976 SF

      Syracuse Two-Family Home for Renovation

      Two-family home in Syracuse requiring full renovation.
      226 Sabine St, Syracuse, NY 13204
      View Details
    • New
      $149,000
      Pending

      Fully Occupied Syracuse Triplex

      Three-family property with positive cash flow and convenient access.
      3720 S Salina St, Syracuse, NY 13205
      View Details
    • New
      $160,000
      2,480 SF

      Strathmore Area Duplex Opportunity

      Two 3-bedroom units with refinished hardwood floors and updates.
      403 Laforte Ave, Syracuse, NY 13207
      View Details
    • $249,900
      4,208 SF

      Syracuse Mixed-Use Redevelopment Opportunity

      Mixed-use property in Syracuse's Near West Side redevelopment area.
      200 W Seneca St & Marcellus St, Syracuse, NY 13204
      View Details
    • $199,900
      Pending

      Spacious Two-Family Home with Updates

      Two-family home with renovated upper unit and long-term tenant.
      177 Kuhl Ave, Syracuse, NY 13208
      View Details
    • New
      $165,000
      2,080 SF

      Upgraded Two-Unit Investment Property

      Two-unit investment property with upgraded features and reliable tenants.
      314 Elliott St, Syracuse, NY 13204
      View Details
    • $119,900
      2,472 SF

      Syracuse Multifamily Property for Sale

      Spacious apartments with wood flooring and large kitchens.
      1002 Spring St, Syracuse, NY 13208
      View Details
    • $254,900
      Pending

      Syracuse Two-Family House with Garage

      Two-family house with three-car garage in Syracuse, New York.
      116 Pleasantview Ave, Syracuse, NY 13208
      View Details
    • $219,900
      2,124 SF

      Syracuse Two-Family Home with Garage

      Well-maintained two-family home with hardwood floors and central air.
      1204 Oak St, Syracuse, NY 13203
      View Details

    FAQs

    What type of property is this?
    Residential income property - Versatile 9-bedroom home, ideal for residential or income use.
    Where is this residential income property located?
    The property is located at 1039 Midland Ave Syracuse, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Income-producing opportunity with existing business operation and certificate of compliance.; - Spacious 9-bedroom layout offers flexibility for single-family living or business use.; - 3 bathrooms to accommodate a large household or business operation.
    (315) 727-3006
    Request Owner's contact information
    1039 Midland Ave Syracuse, NY 13205
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1039 Midland Ave
    Syracuse, NY 13205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1039 Midland Ave Syracuse, NY 13205
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Anne Abel
    Anne Abel
    Real Estate License ID: 40AB0805145
    (315) 727-3006
    Learn more
    Google sign-in failed. Please try again or use another login method.