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    1516 Valley Dr Syracuse, NY 13207

    For Sale
    $117,500

    Three-unit building, strong rental income.

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a charming, one-story, three-unit building situated on a 0.1-acre lot in Syracuse, NY. Built in 1935, the property, located at 1516 & 1522 Valley Dr (APN: 311500-070-000-0015-010-000-0000), is currently generating a monthly rental income of $1,450. The property consists of a storefront and apartment units, offering a blend of retail and multifamily uses under permitted zoning 010. The building features three units in total. This property is being sold as-is, with all faults. The seller reserves the right to set an offer deadline. A minimum 48-hour notice is required for showings due to tenant occupancy. Conveniently located near various stores, restaurants, and shops, this property offers easy access to downtown Syracuse's amenities and boasts ample off-street parking. While currently rented, this property presents a compelling cash-flow opportunity for investors. This property may be sold as a package with the adjacent property at 1516 Valley Dr, but it is not required. The asking price for this property is $117,500.

    Property Features for 1516 Valley Dr

    General Information

    Property type
    Individual retail properties
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1935
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $117,500 asking price.
    • Three‑unit, mixed‑use building (retail and multifamily).
    • 1935 construction, one‑story building on a 0.1‑acre lot.
    • Currently generating $1,450/month in rental income.
    • Located at 1516 & 1522 Valley Dr, Syracuse, NY 13207 (APN: 311500‑070‑000‑0015‑010‑000‑0000).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Infinite design hair ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1534411
    Latitude
    43.002968

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    FAQs

    What type of property is this?
    Individual retail property - Three-unit building, strong rental income.
    Where is this individual retail property located?
    The property is located at 1516 Valley Dr Syracuse, NY.
    What is the asking price?
    The asking price for this property is $117,500.
    What are key features of this property?
    This property features: $117,500 asking price.; Three-unit, mixed-use building (retail and multifamily).; 1935 construction, one-story building on a 0.1-acre lot.
    Request Owner's contact information
    1516 Valley Dr Syracuse, NY 13207
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    Syracuse, NY 13207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1516 Valley Dr Syracuse, NY 13207
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