Improved Multifamily
For Sale
$220,000
105 Lombard Ave, Syracuse, NY 13210
Owner-occupied property with extensive updates and a private backyard on a residential side street.
Property Size2,096 SF
Days on Market48
Property Features for 105 Lombard Ave
General Information
Standard status
Active
Size
2,096 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,720
Amenities
private backyard
Building Details
Building Size
2,096 SF
Year Built
1920
Stories
2
Units
2
Listed By:
James Callen
(315) 457-3356
Source:
Elliman
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 8:17AM
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 James Callen
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Investment Insights
Based on property information with market context.
Built in 1920, this owner-occupied multifamily property includes a private backyard and a broad set of completed improvements. Updates include furnaces, windows, roofing, siding, sewer line, doors, flooring, toilets, and sinks, providing substantial work across the building’s major systems and finishes.
The property is located at 105 Lombard Ave in Syracuse, NY 13210. Transportation and neighborhood mobility scores include a bike score of 72, a walk score of 53, and a transit score of 50.
The property is located at 105 Lombard Ave in Syracuse, NY 13210. Transportation and neighborhood mobility scores include a bike score of 72, a walk score of 53, and a transit score of 50.
Key Highlights
- Owner‑occupied multifamily property built in 1920
- Updates include furnaces, windows, roof, siding, and sewer line
- Additional improvements include doors, flooring, toilets, and sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,790
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,800
$395.8K
Cap Rate 7%
$282,714
$282.7K
Cap Rate 9%
$219,889
$219.9K
Market Conditions
NOI Build-Up for 2,096 SF
Gross rent
$38.5K $18.36/SF
− Vacancy
−$2.5K −$1.19/SF
EGI
$36.0K $17.17/SF
− OpEx
−$16.2K −$7.72/SF
NOI
$19.8K $9.44/SF
Area
Syracuse, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,800
Cap Rate 7%
$282,714
Cap Rate 9%
$219,889
Alternative Uses
Best Use
Apartment 5plus
$282.7K
$247.4K – $329.8K
NOI $19,790 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.3K
$318.7K – $425.0K
NOI $25,498 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
Explore this area
Business Placement
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
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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?
Multifamily property - Owner-occupied property with extensive updates and a private backyard on a residential side street.
Where is this multifamily property located?
The property is located at 105 Lombard Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Owner‑occupied multifamily property built in 1920; Updates include furnaces, windows, roof, siding, and sewer line; Additional improvements include doors, flooring, toilets, and sinks
