Syracuse Multifamily Property for
1435 Midland Avenue Syracuse, NY 13205
1435 Midland Avenue, Syracuse, NY, 13205
$185,000
For Sale
$185,000
MULTI_FAMILY - Other - Syracuse, NY
Property Size1,728 SF
Lot Size0.11 Acres
Price / SF$107.06
Days on Market79
Property Features for 1435 Midland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Basement, Bathroom 1, Bedroom 1
- Interior features
- AirFiltration
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 311500-084-000-0025-022-000-0000
- Size
- 1,728 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1979
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Laminate, Varies
- Building materials
- AluminumSiding
- Architectural style
- Other
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 30 Checked: Jul 17 at 6:06 am
MLS# S1677194
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 multifamily property in Syracuse, New York, presents an opportunity for portfolio expansion or owner occupancy. The property features hardwood floors and has been recently painted. New stoves, refrigerators, and microwaves are included. The property size is 1728 square feet, situated on a lot of approximately 0.1061 acres.
Key Highlights
- Multi‑family property with both tenants reported as long term
- Year built 1920
- Natural gas heating and gas water heater
Local Financial Insights For Apartment 5plus
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 | $31.7k | $18.36 |
| − Vacancy | −$2.1k | −$1.19 |
| EGI | $29.7k | $17.17 |
| − OpEx | −$13.3k | −$7.72 |
| NOI | $16.3k | $9.44 |
1,728 SF · lease $18.36/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.7K
$229.8K – $306.4K
NOI $18,386 @ 7.0% cap · market cap 9.94%
Second Best
Apartment 5plus
$233.1K
$203.9K – $271.9K
NOI $16,315 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$300.3K
$262.8K – $350.4K
NOI $21,021 @ 7.0% cap · market cap 11.36%
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 - Multifamily property with long-term tenants in Syracuse, New York.
Where is this duplex located?
The property is located at 1435 Midland 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: Multi‑family property with both tenants reported as long term; Year built 1920; Natural gas heating and gas water heater
