Three-Unit Residential Income
For Sale
$240,000
1008 1st North St, Syracuse, NY 13208
A 3-unit residential income property with two occupied units and a vacant unit ready for immediate leasing or renovations.
Property Size3,274 SF
Days on Market53
Property Features for 1008 1st North St
General Information
Standard status
Active
Size
3,274 SF
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,967
Building Details
Building Size
3,274 SF
Year Built
1910
Stories
2
Units
3
Listing Agency:
Hunt Real Estate ERA
(315) 699-3200
Listed By:
Zachary Johnson · License #10301222752
(315) 699-3200
Source:
Elliman
Added: Jun 22
Changed: Aug 12
Last Checked: Aug 12 at 9:59AM
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 Hunt Real Estate ERA
Investment Insights
Based on property information with market context.
This for-sale three-unit residential income property includes three separate residential units within one multifamily structure. According to the provided information, two of the units are currently occupied by long-term tenants, providing an established rental base. The occupied units generate a combined $2,750 per month in rent ($1,400 and $1,350), while the third unit is vacant and available for a new tenant or for owner-occupant use, along with potential improvement work depending on an operator’s plan.
The property is located at 1008 1st North Street in Syracuse, NY 13208. The surrounding area is described as being convenient to downtown Syracuse, major employers, public transportation, shopping, and restaurants. WalkScore is listed as 86 (very walkable), transitScore as 52 (good transit), and bikeScore as 42 (somewhat bikeable), which supports day-to-day accessibility for residents.
For tenants, the mix of two existing occupied units and a third vacant unit can translate into a straightforward leasing path. For buyers and operators, the current occupancy provides ongoing collected rent, while the vacant unit offers flexibility to adjust rental terms or complete light renovations ahead of re-leasing. The building’s simple, multi-unit structure is well suited to investors seeking a small residential rental portfolio or an owner-occupant scenario.
The property is located at 1008 1st North Street in Syracuse, NY 13208. The surrounding area is described as being convenient to downtown Syracuse, major employers, public transportation, shopping, and restaurants. WalkScore is listed as 86 (very walkable), transitScore as 52 (good transit), and bikeScore as 42 (somewhat bikeable), which supports day-to-day accessibility for residents.
For tenants, the mix of two existing occupied units and a third vacant unit can translate into a straightforward leasing path. For buyers and operators, the current occupancy provides ongoing collected rent, while the vacant unit offers flexibility to adjust rental terms or complete light renovations ahead of re-leasing. The building’s simple, multi-unit structure is well suited to investors seeking a small residential rental portfolio or an owner-occupant scenario.
Key Highlights
- 3‑unit multifamily property at 1008 1st North Street, Syracuse, NY; built in 1910
- Two units currently occupied by long‑term tenants, providing immediate rental income
- Combined current rent is $2,750/month ($1,400 and $1,350 from the occupied units)
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 13208, NY
23,603
Population
10,325
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
77%
High-School Grad
4.1 sq mi
ZIP Area
5,757
Density / Sq Mi
$40,641
Median Household Income
$35,015
Median Earnings
$999
Median Rent
$110,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - A 3-unit residential income property with two occupied units and a vacant unit ready for immediate leasing or renovations.
Where is this triplex located?
The property is located at 1008 1st North St Syracuse, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 3‑unit multifamily property at 1008 1st North Street, Syracuse, NY; built in 1910; Two units currently occupied by long‑term tenants, providing immediate rental income; Combined current rent is $2,750/month ($1,400 and $1,350 from the occupied units)
