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Syracuse Multi-Family Investment Opportunity

3018 Grant Boulevard Syracuse, NY 13208

Claim this Listing
For Sale
$239,900

MULTI_FAMILY - Other - Syracuse, NY

Property size:
1,740 SF
Lot size:
0.14 Acres
Price / SF:
$137/SF
Added:
Mar 26, 2026
Days on Market:
109
Last Refresh:
Jul 12 at 11:06 am

Property Features for 3018 Grant Boulevard

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Basement, Bedroom 4
Parking features
Garage
Patio and Porch features
Deck
Exterior features
Deck
Appliances
GasWaterHeater
Standard status
Active
APN
311500-003-000-0011-014-000-0000
Size
1,740 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Annual Amount
4954

Utilities

Heating system
Forced Air, Natural Gas
Water source
Public

Building Details

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

Listing agent Clayton Baker License #30BA1017031

Listing office Keller Williams Syracuse 5701 Enterprise Parkway, East Syracuse, NY

Listing date Mar 26, 2026

MLS# S1669436 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 multi-family property in Syracuse, NY, presents a unique investment opportunity. The property is a two-family home featuring expanded off-street parking and an adjacent lot that allows for possible expansion. An oversized garage is included, which could be rented for storage or utilized otherwise, and has sewer and water hookups. Both the house and garage have a new roof. The location is near Destiny USA, Mets Stadium, downtown Syracuse, hospitals, Syracuse University, and highways. The property is 1740 square feet and sits on a 0.1424-acre lot. The property is located minutes from the stadium, offering views of fireworks from the porch.

Key Highlights

  • 2‑family home with 4 bedrooms, 2 bathrooms, and a basement
  • New asphalt roof on both the house and the garage
  • Garage provides off‑street parking and includes sewer/water hookup for storage or other uses

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 $28.2k $16.20
− Vacancy −$1.7k −$1.00
EGI $26.4k $15.20
− OpEx −$7.9k −$4.56
NOI $18.5k $10.64
1,740 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$264.5K
$231.4K – $308.6K (±1% cap)
NOI $18,514 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$234.7K
$205.4K – $273.8K (±1% cap)
NOI $16,428 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$302.4K
$264.6K – $352.8K (±1% cap)
NOI $21,167 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Law Firm Accounting Firm (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Florist Nursing Home Restaurant

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

FAQs

What type of property is this?
Duplex - Two-family home with expansion potential in prime Syracuse location.
Where is this duplex located?
The property is located at 3018 Grant Boulevard Syracuse, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2‑family home with 4 bedrooms, 2 bathrooms, and a basement; New asphalt roof on both the house and the garage; Garage provides off‑street parking and includes sewer/water hookup for storage or other uses
Contact an agent
More about this property
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