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    2401 Midland Ave Syracuse, NY 13205

    For Sale
    $145,000

    Three-unit property with steady income potential for investors or owner-occupants.

    Lot size:
    0.11 Acres

    Property Features for 2401 Midland Ave

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1924

    Source: Coldwell Banker Prime Prop,Inc Agent Jacob Loope

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

    Overview

    Three-Unit Multifamily Property Available

    This three-unit multifamily property presents an opportunity for both owner-occupants and investors. The first and second floor units each feature a spacious three-bedroom layout, while the third-floor unit offers two bedrooms. Natural light fills all units. Two of the units have access to front porches. Off-street parking is available in the rear driveway area. The property has a roof approximately 6 years old, some new hot water heaters, and two newer furnaces. This property is positioned to generate steady income and long-term value. An owner-occupant can reside in one unit while the others contribute to mortgage payments.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -76.1479613
    Latitude
    43.0163637

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    FAQs

    What type of property is this?
    Triplex - Three-unit property with steady income potential for investors or owner-occupants.
    Where is this triplex located?
    The property is located at 2401 Midland Ave Syracuse, NY.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Turnkey 3-unit multi-family property ready for immediate rental income.; - Great opportunity to live in one unit and rent out the other two to offset mortgage costs.; - Two 3-bedroom units and one 2-bedroom unit, all with natural light.
    (315) 622-0161
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    2401 Midland Ave Syracuse, NY 13205
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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
    2401 Midland Ave Syracuse, NY 13205
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