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Four-Unit Multifamily Property
For Sale
$315,000
Pending

1216 Bellevue Ave, Syracuse, NY 13204

Four residential units with separate gas and electric meters, plus a newer roof and updated exterior painting.

Property Size5,810 SF
Days on Market96

Property Features for 1216 Bellevue Ave

General Information

Standard status Pending
Size 5,810 SF
Property subtype Multi Family

Additional Details

Highway Access Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $4,441

Building Details

Building Size 5,810 SF
Year Built 1960
Stories 2
Units 4
Tenancy Multi
Listing Agency: Hunt Real Estate ERA
Listed By: Zachary Johnson · License #10401317011
Source: Elliman
Added: Jun 3 Changed: Aug 8 Last Checked: Jul 23 at 9:22AM

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 Hunt Real Estate ERA

Investment Insights

Based on property information with market context.

This four-unit multifamily property offers spacious residential living space and is configured with four separate units. Each unit has its own gas and electric meters, which can simplify tenant utility management. The exterior has been freshly painted, and the building also features a newer roof, supporting ongoing maintenance planning.

Located at 1216 Bellevue Ave in Syracuse, the property is positioned for everyday convenience with access to downtown, major highways, shopping, and employment centers. Transit, bike, and walk scores are reported as 35 (some transit), 50 (bikeable), and 44 (car-dependent), reflecting a car-oriented setting with some alternative transportation options.

For investors and owner-occupants seeking a four-unit rental configuration, the separate metering is a practical operational feature. The overall size and layout of the building can support a tenant mix across four units while allowing management flexibility compared with properties that share utility services. The combination of updated exterior condition and roof improvements provides a strong starting point for long-term ownership.

Key Highlights

  • Four‑unit multifamily building on 1216 Bellevue Ave, built in 1960
  • Nearly 6,000 sq ft of living space across four residential units
  • Each unit has separate gas and electric meters for easier tenant management

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Big Box & Wholesale Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

326
Businesses Nearby

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units with separate gas and electric meters, plus a newer roof and updated exterior painting.
Where is this quadplex located?
The property is located at 1216 Bellevue Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Four‑unit multifamily building on 1216 Bellevue Ave, built in 1960; Nearly 6,000 sq ft of living space across four residential units; Each unit has separate gas and electric meters for easier tenant management
More about this property
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