Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    202 Union Ave Syracuse, NY 13203

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $224,900

    Fully renovated two-unit property near St. Joseph's Hospital.

    Lot size:
    0.09 Acres

    Property Features for 202 Union Ave

    General Information

    Property type
    Multi Family
    Standard status
    Active
    Lot size
    0.09 Acres

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    Caterina Nisiewicz
    Source: Elliman

    Listing Agent: Caterina Nisiewicz

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

    Learn more

    Overview

    Renovated Two-Unit Investment Opportunity

    This well-maintained two-family home at 202 Union Ave offers space, updates, and versatility. The property is located directly across the street from St. Joseph's Hospital, making it attractive for medical professionals, traveling nurses, or tenants seeking convenience. It is suitable for investors or homeowners looking to live in one unit and rent the other. The first-floor apartment features a 3-bedroom, 1-bath unit with a traditional and functional layout. It includes a bright living room, formal dining room, and a large eat-in kitchen that has been renovated. Hardwood floors run throughout the main living areas. The second-floor apartment is a 1-bedroom, 1-bath unit that has been completely updated with a new kitchen, bathroom, and new flooring throughout. The eat-in kitchen offers modern finishes. Additional features include a full basement providing ample storage with washer dryer hookup, a large level yard, and a 2-car driveway.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1474191
    Latitude
    43.0562492

    Nearby Similar for Sale

    • $389,000
      4,408 SF

      Versatile Commercial Building in Syracuse

      4,408 sq ft commercial/industrial building in a busy area.
      6730 Townline Rd, Syracuse, NY 13211
      View Details
    • $450,000
      Pending

      Turnkey Restaurant Opportunity in Syracuse

      Fully renovated restaurant with equipment included, ready for immediate operation.
      210 W Seneca Tpke, Syracuse, NY 13205
      View Details
    • New
      $129,000
      2,560 SF

      Syracuse Duplex with Investment Potential

      Duplex in Salt Springs area with renovation potential.
      452 Ellis St, Syracuse, NY 13210
      View Details
    • $149,000
      Pending

      Syracuse Two-Family Home Near University

      Two-unit property near Syracuse University with renovation potential.
      643 Westmoreland Ave, Syracuse, NY 13210
      View Details
    • $165,000
      2,080 SF

      Upgraded Two-Unit Investment Property

      Two-unit investment property with upgraded features and reliable tenants.
      314 Elliott St, Syracuse, NY 13204
      View Details
    • New
      Contact for pricing
      3,450 SF

      Syracuse Multi-Family Home

      Two-family home in Syracuse, ideal for owner-occupant.
      147-49 Corning Ave W, Syracuse, NY 13205
      View Details
    • $1,350,000
      Pending

      Multi-Tenant Income Property in Syracuse

      Well-maintained multi-tenant property with income potential, close to amenities.
      404 Oak St, Syracuse, NY 13203
      View Details
    • $149,000
      Pending

      Fully Occupied Syracuse Triplex

      Three-family property with positive cash flow and convenient access.
      3720 S Salina St, Syracuse, NY 13205
      View Details
    • $299,000
      3,961 SF

      Spacious Income-Producing 9-Bedroom Home

      Versatile 9-bedroom home, ideal for residential or income use.
      1039 Midland Ave, Syracuse, NY 13205
      View Details
    • $159,900
      Pending

      Syracuse Two-Family Home with Garage

      Two-unit property in Syracuse with a two-car garage.
      107 Oak Pl, Syracuse, NY 13203
      View Details
    • $250,000
      1,920 SF

      Syracuse Commercial Building For Sale

      Commercial building with heated warehouse space and office, Syracuse, NY.
      401 Wolf St, Syracuse, NY 13208
      View Details
    • Contact for pricing
      1,976 SF

      Syracuse Two-Family Home for Renovation

      Two-family home in Syracuse requiring full renovation.
      226 Sabine St, Syracuse, NY 13204
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully renovated two-unit property near St. Joseph's Hospital.
    Where is this duplex located?
    The property is located at 202 Union Ave 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: - Prime location directly across from St. Joseph's Hospital, ideal for medical professionals or tenants.; - Fully renovated two-unit property, suitable for investment or owner-occupancy.; - First floor: Spacious 3-bedroom, 1-bath unit with renovated eat-in kitchen and hardwood floors.
    Request Owner's contact information
    202 Union Ave Syracuse, NY 13203
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    202 Union Ave
    Syracuse, NY 13203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    202 Union Ave Syracuse, NY 13203
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Caterina Nisiewicz
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!