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    1148 Cannon St, Unit 50 Syracuse, NY 13205

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    For Sale
    $140,000

    Income-generating duplex with recent renovations and strong cash flow.

    Lot size:
    0.11 Acres

    Property Features for 1148 Cannon St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1900

    Source: eXp Realty Agent Ian Wheatley

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

    Overview

    Profitable Syracuse Duplex Investment

    This Syracuse duplex presents an investment opportunity with a reported 18% cap rate. Located at 1148-1150 Cannon St., the property is positioned to generate income immediately. Key improvements have been made, including a fully renovated bathroom. The property is currently grossing $2,500 monthly in rent, potentially appealing to investors seeking to expand their portfolio with an income-generating asset.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -76.1452726
    Latitude
    43.0145431

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    FAQs

    What type of property is this?
    Duplex - Income-generating duplex with recent renovations and strong cash flow.
    Where is this duplex located?
    The property is located at 1148 Cannon St, Unit 50 Syracuse, NY.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - High 18% Cap Rate for substantial return on investment.; - Currently generates $2,500 monthly in gross rental income.; - Turnkey investment opportunity ready to generate income immediately.
    (888) 276-0630
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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
    1148 Cannon St, Unit 50 Syracuse, NY 13205
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