Victorian-Style Duplex with
New
For Sale
$224,900
122 Whittier Avenue, Syracuse, NY 13204
A ground-floor apartment occupies the first level, with a five-bedroom residence arranged across the two upper floors.
Property Size1,928 SF
Days on Market4
Property Features for 122 Whittier Avenue
General Information
Standard status
Active
Size
1,928 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x 5BR/2BA
Multifamily Units
2
Amenities
fenced yard
deck
Building Details
Building Size
1,928 SF
Year Built
1925
Buildings
1
Stories
2
Construction
Victorian
Listing Agency:
Integrated Real Estate Ser LLC
Listed By:
Alan Fritz Lathrop · License #30LA0731266
(315) 565-0772
Source:
Stacyfaunce.kw
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:06PM
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 Integrated Real Estate Ser LLC
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Investment Insights
Based on property information with market context.
Built in 1925, this duplex combines a first-floor one-bedroom apartment with a Victorian-style home occupying the second and third floors. The upper residence has five bedrooms and two bathrooms, creating a distinct separation between the two living spaces.
A fenced yard and decks on each level are part of the property. The Syracuse Zoo and Colemans Irish Pub are within walking distance.
A fenced yard and decks on each level are part of the property. The Syracuse Zoo and Colemans Irish Pub are within walking distance.
Key Highlights
- First‑floor apartment has 1 bedroom
- Victorian‑style home across the second and third floors includes 5 bedrooms and 2 bathrooms
- Fenced yard with a deck on each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,515
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,300
$410.3K
Cap Rate 7%
$293,071
$293.1K
Cap Rate 9%
$227,944
$227.9K
Market Conditions
NOI Build-Up for 1,928 SF
Gross rent
$31.2K $16.20/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$29.3K $15.20/SF
− OpEx
−$8.8K −$4.56/SF
NOI
$20.5K $10.64/SF
Area
Syracuse, NY
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,300
Cap Rate 7%
$293,071
Cap Rate 9%
$227,944
Alternative Uses
Best Use
Multifamily LT 5
$293.1K
$256.4K – $341.9K
NOI $20,515 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$260.0K
$227.5K – $303.4K
NOI $18,203 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$335.1K
$293.2K – $390.9K
NOI $23,454 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A ground-floor apartment occupies the first level, with a five-bedroom residence arranged across the two upper floors.
Where is this duplex located?
The property is located at 122 Whittier Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: First‑floor apartment has 1 bedroom; Victorian‑style home across the second and third floors includes 5 bedrooms and 2 bathrooms; Fenced yard with a deck on each level
