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    340 Park St Syracuse, NY 13204

    For Sale
    $218,900

    Five-unit residential property in Syracuse with immediate cash flow.

    Lot size:
    0.07 Acres

    Property Features for 340 Park St

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1900

    Source: The O'Hara Group Agent Connor Schwartz

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

    Overview

    Syracuse Multifamily Investment Opportunity

    Located in Syracuse, New York, the property at 340 Park Street presents an investment opportunity. The property features five rental units, each containing two bedrooms and one bathroom. Off-street parking is available. All units are currently occupied, providing immediate cash flow. The property also presents value-add opportunities for further enhancement.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -76.1392086
    Latitude
    43.0632222

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    FAQs

    What type of property is this?
    Apartment building - Five-unit residential property in Syracuse with immediate cash flow.
    Where is this apartment building located?
    The property is located at 340 Park St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $218,900.
    What are key features of this property?
    This property features: - Immediate cash flow from 5 currently occupied rental units.; - Each unit features two bedrooms and one bathroom.; - Convenient off-street parking available.
    (315) 491-6088
    Request Owner's contact information
    340 Park St Syracuse, NY 13204
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    Syracuse, NY 13204
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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
    340 Park St Syracuse, NY 13204
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