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    228 Palmer Ave, Unit 30 Syracuse, NY 13207

    For Sale
    $219,900

    Three-unit property with market rents and recent upgrades.

    Lot size:
    0.11 Acres

    Property Features for 228 Palmer Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1900

    Source: Acropolis Realty Group LLC Agent Lee Baldwin

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

    Overview

    Three Unit Multifamily Investment Property

    This is a three-unit multifamily rental property, currently receiving full market rents with tenants. Each unit features three bedrooms and one bathroom. The first-floor unit rents for $1350, the second-floor unit for $1150, and the third-floor unit for $1250. Upgrades include a new partial roof, furnaces, hot water tanks, and electrical boxes. The property also features new city-certified hardwired smoke alarms and carbon monoxide alarms throughout. The second unit has a new floor in the kitchen, and some rooms have been sheetrocked and painted. The property has vinyl siding and windows. It is cleared for a certificate of compliance with the city.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -76.1625786
    Latitude
    43.0323756

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    FAQs

    What type of property is this?
    Triplex - Three-unit property with market rents and recent upgrades.
    Where is this triplex located?
    The property is located at 228 Palmer Ave, Unit 30 Syracuse, NY.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - Multi-family property generating full market rents with tenants in place.; - All units feature **3 bedrooms and 1 bathroom.**; - Recent upgrades include partial roof, furnaces, hot water tanks, and electrical boxes.
    (315) 561-6167
    Request Owner's contact information
    228 Palmer Ave, Unit 30 Syracuse, NY 13207
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    Syracuse, NY 13207
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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
    228 Palmer Ave, Unit 30 Syracuse, NY 13207
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