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    240 Genesee Park Dr Syracuse, NY 13224

    For Sale
    $270,000

    Three-unit property with updated apartments, garage, and income potential.

    Lot size:
    0.14 Acres

    Property Features for 240 Genesee Park Dr

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1930

    Source: Coldwell Banker Prime Prop,Inc Agent Susan Li

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Multifamily Property Near Universities

    This multifamily property features three units and a two-car garage with ample parking. The first floor unit includes three bedrooms and one full bathroom. The second and third units each contain four bedrooms and one full bathroom. The third unit has two bedrooms and one full bathroom. The second and third units have been updated and remodeled. Tenants are responsible for paying their own utilities. Replacement windows have been installed in each unit. The property is located between LeMoyne College and Syracuse University and offers income-producing potential.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -76.1095514
    Latitude
    43.0470754

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit property with updated apartments, garage, and income potential.
    Where is this multifamily property located?
    The property is located at 240 Genesee Park Dr Syracuse, NY.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: - Great income producer with **14% cash on cash return potential.**; - Updated and remodeled 2nd and 3rd units.; - Three units: one 3-bedroom, one 4-bedroom, and one 2-bedroom.
    (315) 446-2910
    Request Owner's contact information
    240 Genesee Park Dr Syracuse, NY 13224
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    Syracuse, NY 13224
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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
    240 Genesee Park Dr Syracuse, NY 13224
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