3-Unit Multifamily
121-123 Pulaski Street #23, Syracuse, NY 13204
For Sale
New
$339,000
Two buildings comprise a front duplex and a detached rear residence, with individual exterior access for the apartments.
Property Size3,203 SF
Days on Market6
Property Features for 121-123 Pulaski Street #23
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Blue Diamonds Property Manage.
Listed By:
Carlotta Brown · License #35BR0732897
(315) 458-4636
Source:
Stacyfaunce.kw
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 2:32AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property consists of two buildings and three residential units: a two-family home at the front and a single-family residence behind it. The front apartments each have entry points at the front and rear. The rear home has a front entrance and a basement exit. Updates have been made to the property in recent years. The listed year built is 1910.
The site is within walking distance of the developing lakefront park and entertainment area, four to five blocks from Destiny Mall, and near Routes 81 and 690 and downtown Syracuse.
The site is within walking distance of the developing lakefront park and entertainment area, four to five blocks from Destiny Mall, and near Routes 81 and 690 and downtown Syracuse.
Key Highlights
- Three residential units across two buildings: a front duplex and a rear single‑family home
- Front apartments each have front and rear entry access
- Rear residence includes a front entrance and basement exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,242
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,840
$604.8K
Cap Rate 7%
$432,029
$432.0K
Cap Rate 9%
$336,022
$336.0K
Market Conditions
NOI Build-Up for 3,203 SF
Gross rent
$58.8K $18.36/SF
− Vacancy
−$3.8K −$1.19/SF
EGI
$55.0K $17.17/SF
− OpEx
−$24.7K −$7.72/SF
NOI
$30.2K $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%
$604,840
Cap Rate 7%
$432,029
Cap Rate 9%
$336,022
Alternative Uses
Best Use
Apartment 5plus
$432.0K
$378.0K – $504.0K
NOI $30,242 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.6K
$487.1K – $649.4K
NOI $38,965 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Explore this area
Business Placement
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Syracuse, NY
Properties on Market for Multifamily properties in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings comprise a front duplex and a detached rear residence, with individual exterior access for the apartments.
Where is this multifamily property located?
The property is located at 121-123 Pulaski Street #23 Syracuse, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Three residential units across two buildings: a front duplex and a rear single‑family home; Front apartments each have front and rear entry access; Rear residence includes a front entrance and basement exit
