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    416-22 Boston St Syracuse, NY 13206

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    For Sale
    $1,299,000

    Fully rented, updated ten-unit multifamily property with income upside.

    Lot size:
    0.20 Acres

    Property Features for 416-22 Boston St

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1955

    Source: Hunt Real Estate ERA Agent Alicia McMahon

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

    Overview

    Updated Ten-Unit Multifamily Investment

    This ten-unit multifamily property presents an investment opportunity with strong rental income. The property has undergone recent updates, including a roof that is two years old, newer furnaces and hot water tanks, and a new driveway and retaining wall completed within the past year. Most of the units have been updated. The property is fully rented, generating monthly income. There is potential for increased income by raising rents to current market rates over time. Additional income is generated from coin-operated laundry and tenant storage units. The property is located in Syracuse, NY.
    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
    -76.0905503
    Latitude
    43.062646

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    FAQs

    What type of property is this?
    Apartment building - Fully rented, updated ten-unit multifamily property with income upside.
    Where is this apartment building located?
    The property is located at 416-22 Boston St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Fully rented with strong, consistent monthly income.; - Major recent updates including a 2-year-old roof, newer furnaces and hot water tanks, and a new driveway and retaining wall.; - Significant potential to increase rental income to current market rates.
    (315) 560-2656
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    416-22 Boston St Syracuse, NY 13206
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    Syracuse, NY 13206
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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
    416-22 Boston St Syracuse, NY 13206
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