Syracuse Multifamily Investment
115 Coral Avenue Syracuse, NY 13207
115 Coral Avenue, Syracuse, NY, 13207
$185,000
Pending
For Sale
$185,000
Pending
MULTI_FAMILY - Syracuse, NY
Property Size1,296 SF
Lot Size0.11 Acres
Days on Market86
Property Features for 115 Coral Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Basement
- Appliances
- ElectricWaterHeater, GasWaterHeater
- Standard status
- Pending
- APN
- 311500-073-000-0014-006-001-0000
- Size
- 1,296 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3095
Utilities
- Heating system
- Natural Gas, Forced Air, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Varies, Laminate
- Building materials
- WoodSiding
Listing Agency
Empire Realty Group
(585) 347-4900
5720 S Bay Road, Webster, NY
Listed by
Tonya Britton · License #10401333644
(315) 807-1751
Added: Apr 23 Checked: Jul 17 at 4:06 am
MLS# S1676061
Listing URL
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.
Investment Insights
Based on property information with market context.
This well-maintained two-unit multifamily property in Syracuse, NY, presents a great investment opportunity. The property includes a large driveway with ample off-street parking and a spacious side porch. Both units are fully occupied, providing immediate rental income. The property size is 1296 square feet, situated on a 0.1133-acre lot. This property is ideal for investors seeking a solid, income-producing asset with strong potential.
Key Highlights
- Two‑unit multifamily with all units fully occupied for immediate rental income
- Large driveway with ample off‑street parking
- Spacious side porch
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.0k | $16.20 |
| − Vacancy | −$1.3k | −$1.00 |
| EGI | $19.7k | $15.20 |
| − OpEx | −$5.9k | −$4.56 |
| NOI | $13.8k | $10.64 |
1,296 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$197.0K
$172.4K – $229.8K
NOI $13,790 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$174.8K
$153.0K – $203.9K
NOI $12,236 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$225.2K
$197.1K – $262.8K
NOI $15,766 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit property with immediate rental income.
Where is this duplex located?
The property is located at 115 Coral Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two‑unit multifamily with all units fully occupied for immediate rental income; Large driveway with ample off‑street parking; Spacious side porch
