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Triplex With Conversion Requirement
For Sale
$60,000
Pending

118-20 Borden Ave, Syracuse, NY 13205

Residential Income, Syracuse, NY

Property SizeContact for details
Days on Market2394

Property Features for 118-20 Borden Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 3
High school district SYRACUSE CITY SCHOOL DISTRICT
Directions South Salina to E. Borden
Standard status Pending

Taxes and HOA fees

Tax Annual Amount 1000

Utilities

Water source Public

Building Details

Year built 1922
Listing Agency: Greater Syracuse Land Bank
Listed By: Greater Syracuse Land Bank
Added: Mar 9, 2020 Changed: Sep 14 Last Checked: Sep 27 at 6:06AM
MLS# 10733011

Copyright © 2026 My State MLS. 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.

Built in 1922, this residential property is currently arranged as a three-unit building, with three-bedroom, one-bathroom apartments on both the first and second floors. The third floor may provide space for two additional bedrooms within the second-floor apartment, subject to applicable code approval. The property must be converted to a two-family home.

The building requires extensive rehabilitation. A large roof opening has caused significant water damage, and the property is being conveyed as-is without warranties or representations. Public water serves the property. Located at 118-20 Borden Ave in Syracuse, the asset presents a defined redevelopment scope for a buyer prepared to address structural, code, and interior renovation requirements.

Key Highlights

  • Currently configured as a three‑unit residential property requiring conversion to a two‑family home
  • First- and second‑floor apartments each include 3 bedrooms and 1 bathroom
  • Third floor may support 2 additional bedrooms for the second‑floor apartment, subject to code approval

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Bakery Electrical Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

595
Businesses Nearby

Demographics for 13205, NY

18,834
Population
8,868
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
3.6 sq mi
ZIP Area
5,232
Density / Sq Mi
$39,171
Median Household Income
$32,711
Median Earnings
$898
Median Rent
$96,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - As-is residential property requiring substantial roof and interior rehabilitation before continued multifamily use.
Where is this triplex located?
The property is located at 118-20 Borden Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Currently configured as a three‑unit residential property requiring conversion to a two‑family home; First- and second‑floor apartments each include 3 bedrooms and 1 bathroom; Third floor may support 2 additional bedrooms for the second‑floor apartment, subject to code approval
More about this property
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