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Two-Family Residential Income Home
For Sale
$300,000
Pending

1016 Lancaster Ave 18, Syracuse, NY 13210

Two separate units offer three bedrooms each, with off-street parking and an attached 2.5-car garage.

Property Size2,961 SF
Days on Market109

Property Features for 1016 Lancaster Ave 18

General Information

Standard status Pending
Size 2,961 SF
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $8,238

Building Details

Building Size 2,961 SF
Year Built 1915
Stories 2
Units 2
Tenancy Multi
Listed By: Janice Egan
Source: Elliman
Added: May 20 Changed: Aug 7 Last Checked: Jul 23 at 6:05AM

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 Janice Egan

Investment Insights

Based on property information with market context.

This two-family residential income property includes two apartments, each with three bedrooms. The upstairs unit features cathedral ceilings and stained glass accents. The property is set up for separate utilities, and the individual tenants previously paid their own utilities.

The home is located in the University area, with the Lancaster Market nearby and campus just a few blocks away. Walk and transit scores indicate the area is somewhat walkable with some public transportation access.

Additional on-site parking is available via off-street parking and a 2.5-car garage, supporting convenient resident vehicle storage.

Key Highlights

  • 2‑unit property built in 1915, with 3 bedrooms in each unit
  • Upstairs flat features cathedral ceilings and stained glass accents
  • Off‑street parking plus an attached 2.5‑car garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Hair Salon Nail Salon Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby

Demographics for 13210, NY

23,150
Population
9,774
Households
2.4
Avg Household Size
27
Median Age
50%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
6,092
Density / Sq Mi
$38,783
Median Household Income
$20,554
Median Earnings
$1,081
Median Rent
$167,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate units offer three bedrooms each, with off-street parking and an attached 2.5-car garage.
Where is this duplex located?
The property is located at 1016 Lancaster Ave 18 Syracuse, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2‑unit property built in 1915, with 3 bedrooms in each unit; Upstairs flat features cathedral ceilings and stained glass accents; Off‑street parking plus an attached 2.5‑car garage
More about this property
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