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    116 E Heman St East Syracuse, NY 13057

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    For Sale
    $469,000

    Six-unit apartment building with owner financing in East Syracuse.

    Lot size:
    0.20 Acres

    Property Features for 116 E Heman St

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1925

    Source: Acropolis Realty Group LLC Agent Christopher Newman

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

    Overview

    East Syracuse Apartment Building

    This six-unit apartment building is located in the village of East Syracuse. The property features one 2-bedroom apartment and five 1-bedroom apartments. All units are separately metered and rented to long-term tenants. The property currently grosses close to $55,000 per year. A parking lot provides space for six vehicles, and a six-car garage is rented for additional income. The seller is offering owner financing with 20% down, 7% interest, and a balloon payment in 5 years. Rents are below market rate.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Realty agency 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
    East Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.069108
    Latitude
    43.066684

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building with owner financing in East Syracuse.
    Where is this apartment building located?
    The property is located at 116 E Heman St East Syracuse, NY.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: - Owner financing available (20% down, 7% interest, 5-year balloon).; - Significant cashflow potential due to below-market rents.; - Grosses close to $55,000 per year in current rents.
    (315) 396-0493
    Request Owner's contact information
    116 E Heman St East Syracuse, NY 13057
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    East Syracuse, NY 13057
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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
    116 E Heman St East Syracuse, NY 13057
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