Two-Unit Residential Income
For Sale
$279,000
1109 Wolf Street, Syracuse, NY 13208
Two-family duplex with hardwood floors and separate tenant utility responsibility.
Property Size2,500 SF
Days on Market193
Property Features for 1109 Wolf Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,902
Amenities
hardwood floors
Building Details
Building Size
2,500 SF
Year Built
1900
Listing Agency:
University Hill Realty Ltd
Listed By:
Daniel Murphy · License #10301206321
(315) 460-0024
Source:
Griffith-realty
Added: Apr 19
Changed: Oct 26
Last Checked: Oct 28 at 1:53PM
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 University Hill Realty Ltd
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential income duplex on the north side of Syracuse features hardwood floors throughout. The property is described as low-maintenance, with tenants paying their own utilities to help keep operating expenses in check.
The offering includes two units rented at $1,660 per month each, with the current tenant structure accounting for utilities paid directly by occupants.
Overall, the home is presented as an income-producing two-family with straightforward, residential-scale finishes and an expense-conscious utility setup.
The offering includes two units rented at $1,660 per month each, with the current tenant structure accounting for utilities paid directly by occupants.
Overall, the home is presented as an income-producing two-family with straightforward, residential-scale finishes and an expense-conscious utility setup.
Key Highlights
- North side Syracuse two‑family duplex with separate tenant utility responsibility
- Both units rent for $1,660/month each; tenants pay their own utilities
- Hardwood floors throughout with ceramic tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,604
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,080
$472.1K
Cap Rate 7%
$337,200
$337.2K
Cap Rate 9%
$262,267
$262.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.9K $18.36/SF
− Vacancy
−$3.0K −$1.19/SF
EGI
$42.9K $17.17/SF
− OpEx
−$19.3K −$7.72/SF
NOI
$23.6K $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%
$472,080
Cap Rate 7%
$337,200
Cap Rate 9%
$262,267
Alternative Uses
Best Use
Multifamily LT 5
$380.0K
$332.5K – $443.4K
NOI $26,601 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$337.2K
$295.1K – $393.4K
NOI $23,604 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 10.90%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
437
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with hardwood floors and separate tenant utility responsibility.
Where is this duplex located?
The property is located at 1109 Wolf Street Syracuse, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: North side Syracuse two‑family duplex with separate tenant utility responsibility; Both units rent for $1,660/month each; tenants pay their own utilities; Hardwood floors throughout with ceramic tile flooring
