Two-Unit
New
For Sale
$195,000
1003 Avery Ave, Syracuse, NY 13204
Both apartments are vacant, with separate living space and off-street parking.
Property Size1,372 SF
Days on Market6
Property Features for 1003 Avery Ave
General Information
Standard status
Active
Size
1,372 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,214
Amenities
front porch
rear deck
off-street parking
basement storage
Building Details
Building Size
1,372 SF
Year Built
1868
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Syracuse
Listed By:
Karen E Whalen · License #10301219318
(315) 663-6633
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 19 at 7:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Syracuse
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Investment Insights
Based on property information with market context.
This duplex at 1003 Avery Avenue in Syracuse contains more than 1,500 square feet across two apartments. Each unit has two bedrooms and one full bathroom. The second-floor apartment received a full interior renovation in 2026, and the foundation was resealed in 2025. The property was built in 1868.
Interior and exterior features include luxury vinyl plank flooring, a front porch, a rear deck, off-street parking, and basement storage. Both apartments are currently vacant, providing flexibility for occupancy or rental use.
Interior and exterior features include luxury vinyl plank flooring, a front porch, a rear deck, off-street parking, and basement storage. Both apartments are currently vacant, providing flexibility for occupancy or rental use.
Key Highlights
- More than 1,500 square feet of living space
- Two apartments, each with 2 bedrooms and 1 full bath
- Second‑floor apartment renovated in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,599
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,980
$292.0K
Cap Rate 7%
$208,557
$208.6K
Cap Rate 9%
$162,211
$162.2K
Market Conditions
NOI Build-Up for 1,372 SF
Gross rent
$22.2K $16.20/SF
− Vacancy
−$1.4K −$1.00/SF
EGI
$20.9K $15.20/SF
− OpEx
−$6.3K −$4.56/SF
NOI
$14.6K $10.64/SF
Area
Syracuse, NY
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,980
Cap Rate 7%
$208,557
Cap Rate 9%
$162,211
Alternative Uses
Best Use
Multifamily LT 5
$208.6K
$182.5K – $243.3K
NOI $14,599 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$185.1K
$161.9K – $215.9K
NOI $12,954 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$238.4K
$208.6K – $278.2K
NOI $16,691 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are vacant, with separate living space and off-street parking.
Where is this duplex located?
The property is located at 1003 Avery Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: More than 1,500 square feet of living space; Two apartments, each with 2 bedrooms and 1 full bath; Second‑floor apartment renovated in 2026
