Renovated 2-Unit
New
For Sale
$195,000
1003 Avery Avenue, Syracuse, NY 13204
Residential, Syracuse, NY
Property Size1,372 SF
Lot Size0.10 Acres
Price / SF$142.13
Days on Market1
Property Features for 1003 Avery Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Syracuse
Middle school district
Syracuse
High school district
Syracuse
Directions
From West Genesee Street, turn onto Avery Ave. Property is on the left hand side.
Subdivision
Syracuse City-311500
Standard status
Active
APN
311500-112-000-0001-023-000-0000
Size
1,372 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
4214
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
Luxury vinyl plank flooring
welcoming front porch
rear deck
off-street parking
basement storage
Building Details
Year built
1868
Floors in Building
2
Number of units
2
Flooring type
Laminate, Varies, Vinyl
Building materials
VinylSiding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Syracuse · Keller Williams Realty
(315) 701-6900
Listed By:
Karen E Whalen · License #10301219318
(315) 663-6633
Added: Oct 12
Last Checked: Oct 12 at 2:06PM
MLS# S1721558
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 two-unit duplex has a two-bedroom, one-bathroom apartment on each floor. The upper apartment underwent a full interior renovation in 2026. Features include vinyl and laminate flooring, a front porch, rear deck, off-street parking, and basement storage. The foundation was resealed in 2025.
Both apartments are vacant. The property has vinyl siding, an asphalt shingle roof, forced-air natural gas heating, and a public water supply.
Both apartments are vacant. The property has vinyl siding, an asphalt shingle roof, forced-air natural gas heating, and a public water supply.
Key Highlights
- Two apartments, each configured with 2 bedrooms and 1 full bath
- Second‑floor apartment fully renovated in 2026
- Foundation resealed in 2025
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.
How Realmo checks its estimates
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are vacant, with separate living areas and outdoor spaces that include a front porch and rear deck.
Where is this duplex located?
The property is located at 1003 Avery Avenue 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: Two apartments, each configured with 2 bedrooms and 1 full bath; Second‑floor apartment fully renovated in 2026; Foundation resealed in 2025
