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Two-Unit Duplex with Updated Systems
New
For Sale
$149,900

117 Merriman Ave, Syracuse, NY 13204

A three-bedroom residence is occupied, while the one-bedroom upper unit is vacant and ready for occupancy.

Property Size1,778 SF
Days on Market2

Property Features for 117 Merriman Ave

General Information

Standard status Active
Size 1,778 SF
Property subtype Multi Family

Units

Unit Mix 1 x 3BR, 1 x 1BR
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,759

Building Details

Building Size 1,778 SF
Year Built 1890
Stories 2
Units 2
Listing Agency: Integrated Real Estate Ser LLC
Listed By: Alan Fritz Lathrop · License #30LA0731266
Source: Elliman
Added: Oct 16 Last Checked: Oct 16 at 2:05PM

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 Integrated Real Estate Ser LLC

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Investment Insights

Based on property information with market context.

This two-unit duplex in Syracuse has a three-bedroom apartment on the first floor and a one-bedroom apartment above. The lower unit is occupied, and the upper unit is vacant. The building dates to 1890 and has undergone lead remediation.

Mechanical systems have been updated, with PEX plumbing, circuit breakers, vinyl windows, and a roof described as like new. Walk Score is 69, Bike Score is 44, and Transit Score is 38.

Key Highlights

  • Two apartments: one three‑bedroom unit and one one‑bedroom unit
  • First‑floor apartment is rented at $1,100; upper unit is vacant
  • Lead remediation completed

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Garden Center Butcher Electrical Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,512
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - A three-bedroom residence is occupied, while the one-bedroom upper unit is vacant and ready for occupancy.
Where is this duplex located?
The property is located at 117 Merriman Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two apartments: one three‑bedroom unit and one one‑bedroom unit; First‑floor apartment is rented at $1,100; upper unit is vacant; Lead remediation completed
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