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    214-16 Reed Ave Syracuse, NY 13207

    Pending
    For Sale
    $130,000

    MULTI_FAMILY - Other - Syracuse, NY

    Property size:
    1,996 SF
    Days on Market:
    45
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 214-16 Reed Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bathroom 1, Basement, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2
    Bedrooms
    5
    Bathrooms
    2
    APN
    311500-088-000-0017-007-000-0000
    Interior features
    CeilingFans
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Size
    1,996 SF

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Laminate, Vinyl, Carpet, Varies
    Building materials
    AluminumSiding, CopperPlumbing
    Roof type
    Asphalt
    Architectural style
    Other

    Real Broker NY LLC (855) 450-0442 [email protected]

    Listing agent Melissa Durantini (855) 450-0442 License #10401373736

    Listing date Oct 24, 2025

    Copyright © 2025 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.

    Overview

    Syracuse Multifamily Investment Opportunity

    This two-unit multifamily property presents an investment opportunity. Located in the Strathmore area, the property has a history of rental income. The building contains two units, each featuring an eat-in kitchen and a full bath. The upstairs unit offers 998 square feet of living space with three bedrooms and a large family room. The downstairs unit also provides 998 square feet, with two bedrooms and a large family room. Some improvements have been made, including new stoves/ovens, new flooring in the kitchens, new carpets downstairs, some new lighting and doors, and newer windows installed approximately 15 years ago. Both units have a rear entrance/exit and access to the basement. The basement includes a large semi-finished room and a separate laundry area for the upstairs unit. The downstairs unit has laundry hook-ups in the kitchen area. The furnace room is dry and offers storage space, with some windows updated with glass block. A large barn in the spacious backyard provides additional storage. The upstairs unit is currently tenant-occupied, with the tenant residing there for 15 years. The property is being sold "As Is".
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.181703
    Latitude
    43.029408

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with rental history in Strathmore area.
    Where is this duplex located?
    The property is located at 214-16 Reed Ave Syracuse, NY.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: - Great investment opportunity with existing rental history and potential for substantial income.; - Two spacious units (998 sq.ft. each) offering separate living spaces.; - Upstairs unit: **3 bedrooms**; Downstairs unit: **2 bedrooms**.
    (855) 450-0442
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    Syracuse, NY 13207
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    Realmo Value Estimation

    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.

    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.

    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
    214-16 Reed Ave Syracuse, NY 13207
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