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    123 Richardson Ave, Unit 121 Syracuse, NY 13205

    For Sale
    $172,500

    Turn-key two-family home in Syracuse with guaranteed rental income.

    Lot size:
    0.09 Acres

    Property Features for 123 Richardson Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1910

    Source: Hunt Real Estate ERA Agent Kristi Croniser

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

    Overview

    Syracuse Two-Family Home For Sale

    This two-family home in Syracuse presents a turn-key investment opportunity. Both units are fully rented, providing guaranteed rental income through subsidy programs. Each unit features 3 bedrooms and 1 bathroom. Unit 1 has been fully renovated, and Unit 2 is almost fully renovated. The property offers a low-maintenance setup and a strong rental history. The first-floor apartment is leased for $1,400 per month, and the second-floor apartment is leased for $1,300 per month. Washer and dryer hookups are available in the basement.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1526014
    Latitude
    43.0179348

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    FAQs

    What type of property is this?
    Duplex - Turn-key two-family home in Syracuse with guaranteed rental income.
    Where is this duplex located?
    The property is located at 123 Richardson Ave, Unit 121 Syracuse, NY.
    What is the asking price?
    The asking price for this property is $172,500.
    What are key features of this property?
    This property features: - Turn-key investment property with immediate rental income.; - Fully rented two-family home with guaranteed rental income through subsidy programs.; - Unit 1 is fully renovated; Unit 2 is almost fully renovated.
    (315) 750-8203
    Request Owner's contact information
    123 Richardson Ave, Unit 121 Syracuse, NY 13205
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    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
    123 Richardson Ave, Unit 121 Syracuse, NY 13205
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