4-Unit Multifamily
1017 Milton Avenue, Syracuse, NY 13204
For Sale
$290,000
All four apartments are occupied, with basement laundry and a walk-in attic serving the building.
Property Size2,288 SF
Price / SF$126.75
Days on Market119
Property Features for 1017 Milton Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry room
Programmable Thermostat
Patio
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Gilbo Realty LLC
(315) 752-9513
Listed By:
Lawrence Papaleo · License #Associate Real Estate Broker
(315) 748-2524
Source:
Geneseeriverrealty
Added: Jul 14
Changed: Nov 8
Last Checked: Nov 8 at 8:50AM
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 Gilbo Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,288-square-foot quadplex at 1017 Milton Avenue contains four apartments, each configured with one bedroom and one bathroom. The units have a mix of hardwood, parquet, tile, and carpet finishes. A basement laundry room serves residents, and a walk-in attic provides additional building space. The metal roof is 9 years old; the property was built in 1940.
The building is on a residential block in Syracuse, with access to employment centers, shopping, dining, and public transportation. A rear patio and a grade level described as higher than neighboring properties and even with the sidewalk are also part of the property.
All four units are currently occupied. The owner pays for heat and the house meter covering exterior lighting and basement laundry; tenants pay their own electricity and hot water.
The building is on a residential block in Syracuse, with access to employment centers, shopping, dining, and public transportation. A rear patio and a grade level described as higher than neighboring properties and even with the sidewalk are also part of the property.
All four units are currently occupied. The owner pays for heat and the house meter covering exterior lighting and basement laundry; tenants pay their own electricity and hot water.
Key Highlights
- Four one‑bedroom, one‑bathroom apartments; all units are occupied
- 2,288 square feet in a building constructed in 1940
- Basement laundry room and walk‑in attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,345
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,900
$486.9K
Cap Rate 7%
$347,786
$347.8K
Cap Rate 9%
$270,500
$270.5K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$37.1K $16.20/SF
− Vacancy
−$2.3K −$1.00/SF
EGI
$34.8K $15.20/SF
− OpEx
−$10.4K −$4.56/SF
NOI
$24.3K $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%
$486,900
Cap Rate 7%
$347,786
Cap Rate 9%
$270,500
Alternative Uses
Best Use
Multifamily LT 5
$347.8K
$304.3K – $405.8K
NOI $24,345 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$308.6K
$270.0K – $360.0K
NOI $21,602 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$397.6K
$347.9K – $463.9K
NOI $27,834 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
930
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
$97,400
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Syracuse, NY
Properties on Market for Quadplexes in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, with basement laundry and a walk-in attic serving the building.
Where is this quadplex located?
The property is located at 1017 Milton Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom apartments; all units are occupied; 2,288 square feet in a building constructed in 1940; Basement laundry room and walk‑in attic
