Two-Unit Duplex with
New
For Sale
$259,000
1205-1207 Grant Boulevard, Syracuse, NY 13203
Separate apartments on each floor support owner occupancy or rental use.
Property Size2,416 SF
Days on Market5
Property Features for 1205-1207 Grant Boulevard
General Information
Standard status
Active
Size
2,416 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,936
Building Details
Building Size
2,416 SF
Year Built
1918
Buildings
1
Listing Agency:
Blue Diamonds Property Manage.
Listed By:
Carlotta Brown · License #35BR0732897
(315) 458-4636
Source:
Griffith-realty
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blue Diamonds Property Manage.
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Investment Insights
Based on property information with market context.
This 1918 duplex contains a complete apartment on each of its two floors, with a large sunroom. Improvements include refreshed first-floor flooring, fixtures, plumbing fixtures, and tub surround, plus new windows and carpet in the sunroom. The front deck and both exterior staircases have been replaced or rebuilt, and the interior has been repainted. Furnaces and hot water heaters are housed in the large basement, described as dry.
The metal roof was installed 4 years ago. In 2009, the property participated in the Lead Abatement Program; all windows were replaced with vinyl units, and surfaces were inspected or treated. The property is at 1205-1207 Grant Boulevard in Syracuse, New York.
The metal roof was installed 4 years ago. In 2009, the property participated in the Lead Abatement Program; all windows were replaced with vinyl units, and surfaces were inspected or treated. The property is at 1205-1207 Grant Boulevard in Syracuse, New York.
Key Highlights
- Two complete apartments, one on each floor
- Large sunroom with new windows and carpet
- First‑floor updates include flooring, fixtures, plumbing fixtures, and tub surround
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,811
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,220
$456.2K
Cap Rate 7%
$325,871
$325.9K
Cap Rate 9%
$253,456
$253.5K
Market Conditions
NOI Build-Up for 2,416 SF
Gross rent
$44.4K $18.36/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$41.5K $17.17/SF
− OpEx
−$18.7K −$7.72/SF
NOI
$22.8K $9.44/SF
Area
Syracuse, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,220
Cap Rate 7%
$325,871
Cap Rate 9%
$253,456
Alternative Uses
Best Use
Multifamily LT 5
$367.2K
$321.3K – $428.5K
NOI $25,707 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$325.9K
$285.1K – $380.2K
NOI $22,811 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$419.9K
$367.4K – $489.9K
NOI $29,391 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 13203, NY
16,240
Population
9,092
Households
1.8
Avg Household Size
37
Median Age
28%
College-Educated
84%
High-School Grad
1.7 sq mi
ZIP Area
9,553
Density / Sq Mi
$46,526
Median Household Income
$38,240
Median Earnings
$953
Median Rent
$148,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments on each floor support owner occupancy or rental use.
Where is this duplex located?
The property is located at 1205-1207 Grant Boulevard Syracuse, NY.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two complete apartments, one on each floor; Large sunroom with new windows and carpet; First‑floor updates include flooring, fixtures, plumbing fixtures, and tub surround
