Maintained Duplex with Natural
For Sale
$239,750
Pending
1124 Wolf Street, Syracuse, NY 13208
Two-unit property offers flexible living arrangements with an updated kitchen, three bathrooms, and multiple laundry connections.
Property Size2,088 SF
Days on Market50
Property Features for 1124 Wolf Street
General Information
Standard status
Pending
Size
2,088 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,721
Amenities
deck
exercise area
workshop
Building Details
Building Size
2,088 SF
Year Built
1923
Buildings
1
Construction
colonial
Listing Agency:
Coldwell Banker Prime Prop,Inc
Listed By:
Richard C Wilbur · License #30WI0923600
(315) 622-0161
Source:
Griffith-realty
Added: Sep 2
Changed: Oct 20
Last Checked: Oct 21 at 3:12AM
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 Coldwell Banker Prime Prop,Inc
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Investment Insights
Based on property information with market context.
Built in 1923, this two-unit colonial combines period craftsmanship with practical updates and flexible occupancy options. The home is currently used as one residence and features 9' ceilings, hardwood floors, natural woodwork, French doors, built-in cabinetry, and a 28' sunroom. Each level includes an eat-in kitchen, living space, bedroom, and full bathroom, while the first floor also provides a 15' x 11' mudroom, office, or laundry area. A second first-floor bedroom can be restored from its current living-room use, and the upper-level adjoining room offers additional configuration flexibility.
The partially finished basement adds a third updated full bathroom, exercise area, workshop, utility sink, laundry hookups, and mechanical space. Exterior improvements include a deck, Comfort windows, blown-in insulation, architectural shingles, and a metal roof. The remodeled two-car garage has a carriage-style door, workbench, electrical outlets, overhead storage, a side bump-out, and two sheds. The property is near the transportation center, regional market, baseball stadium, mall, aquarium, and highways.
The partially finished basement adds a third updated full bathroom, exercise area, workshop, utility sink, laundry hookups, and mechanical space. Exterior improvements include a deck, Comfort windows, blown-in insulation, architectural shingles, and a metal roof. The remodeled two-car garage has a carriage-style door, workbench, electrical outlets, overhead storage, a side bump-out, and two sheds. The property is near the transportation center, regional market, baseball stadium, mall, aquarium, and highways.
Key Highlights
- Two‑unit colonial built in 1923 with 9' ceilings, hardwood floors, natural woodwork, French doors, and built‑in cabinetry
- First floor includes a 15' x 11' mudroom, office, or laundry area plus a 28' sunroom
- Three full bathrooms, including a third updated bath in the partially finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,714
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,280
$394.3K
Cap Rate 7%
$281,629
$281.6K
Cap Rate 9%
$219,044
$219.0K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$38.3K $18.36/SF
− Vacancy
−$2.5K −$1.19/SF
EGI
$35.8K $17.17/SF
− OpEx
−$16.1K −$7.72/SF
NOI
$19.7K $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%
$394,280
Cap Rate 7%
$281,629
Cap Rate 9%
$219,044
Alternative Uses
Best Use
Multifamily LT 5
$317.4K
$277.7K – $370.3K
NOI $22,217 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$281.6K
$246.4K – $328.6K
NOI $19,714 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$362.9K
$317.5K – $423.4K
NOI $25,401 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offers flexible living arrangements with an updated kitchen, three bathrooms, and multiple laundry connections.
Where is this duplex located?
The property is located at 1124 Wolf Street Syracuse, NY.
What is the asking price?
The asking price for this property is $239,750.
What are key features of this property?
This property features: Two‑unit colonial built in 1923 with 9' ceilings, hardwood floors, natural woodwork, French doors, and built‑in cabinetry; First floor includes a 15' x 11' mudroom, office, or laundry area plus a 28' sunroom; Three full bathrooms, including a third updated bath in the partially finished basement
