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    221 Grace St Syracuse, NY 13204

    For Sale
    $159,900

    Well-maintained duplex with income potential and owner-occupant flexibility.

    Lot size:
    1.36 Acres

    Property Features for 221 Grace St

    General Information

    Lot size
    1.36 Acres

    Building Details

    Year built
    1900

    Source: Hunt Real Estate ERA Agent Zach Oneill

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

    Overview

    Syracuse Duplex: Investment Opportunity

    This well-maintained duplex on Syracuse's West Side presents an excellent investment opportunity, offering strong income potential and flexibility for an owner-occupant. The property features two spacious 3-bedroom, 1-bath units, each with separate utilities. The first-floor unit has been recently renovated and is move-in ready. The second-floor unit is currently tenant-occupied, providing immediate rental income. This setup is ideal for an investor who wants to live in one unit while renting out the other, or for maximizing returns through full lease-up. The property features hardwood floors, generous room sizes, and a clean, well-kept interior throughout. A large detached garage offers additional storage space, and the spacious yard enhances the property's outdoor appeal. The projected gross annual rent exceeds $25,000 when fully occupied, positioning this as a solid cash-flowing asset in a growing rental market.
    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
    -76.1674439
    Latitude
    43.0373

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with income potential and owner-occupant flexibility.
    Where is this duplex located?
    The property is located at 221 Grace St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - Strong income potential with projected gross annual rent exceeding $25,000 when fully occupied.; - Duplex with two spacious 3-bedroom, 1-bath units.; - Separate utilities for each unit, reducing landlord expenses.
    (315) 699-3200
    Request Owner's contact information
    221 Grace St 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
    221 Grace St Syracuse, NY 13204
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