Updated Multifamily Property in
709 Oak Street Syracuse, NY 13203
709 Oak Street, Syracuse, NY, 13203
$260,000
For Sale
$260,000
MULTI_FAMILY - Other - Syracuse, NY
Property Size2,476 SF
Lot Size0.14 Acres
Price / SF$105.01
Days on Market85
Property Features for 709 Oak Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Basement, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 4
- Parking features
- Garage
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 311500-015-000-0012-027-000-0000
- Size
- 2,476 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3878
Utilities
- Heating system
- Electric (Heating), Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Marble, Varies, Hardwood
- Building materials
- WoodSiding
- 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 24 Checked: Jul 17 at 5:06 am
MLS# S1676047
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 updated three-unit multifamily property in Syracuse, NY, offers strong income potential. Each unit has been fully remodeled with modern finishes, including new flooring, fresh paint, and updated appliances. The property, situated on a 0.1394-acre lot, features a desirable mix of one three-bedroom, one two-bedroom, and one one-bedroom apartment, totaling 2476 square feet. Exterior highlights include a driveway with a garage and a charming enclosed front porch. This property is located in Onondaga County, with the postal code 13203. It is a solid addition to any portfolio or a great option for owner-occupancy.
Key Highlights
- Updated 3‑unit multifamily with fully remodeled interiors and modern finishes
- Unit mix includes one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom apartment
- Newer interior updates include fresh paint, updated appliances, and new flooring
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 | $45.5k | $18.36 |
| − Vacancy | −$3.0k | −$1.19 |
| EGI | $42.5k | $17.17 |
| − OpEx | −$19.1k | −$7.72 |
| NOI | $23.4k | $9.44 |
2,476 SF · lease $18.36/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.4K
$329.3K – $439.1K
NOI $26,345 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$430.3K
$376.5K – $502.0K
NOI $30,121 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Remodeled three-unit property with strong income potential in Syracuse, NY.
Where is this triplex located?
The property is located at 709 Oak Street Syracuse, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Updated 3‑unit multifamily with fully remodeled interiors and modern finishes; Unit mix includes one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom apartment; Newer interior updates include fresh paint, updated appliances, and new flooring
