125 Kensington & Lancaster Road Syracuse, NY 13210

This three-story corner-unit multifamily property is located in the university area. It features three stories, each with a dedicated private entrance. The property generates $3,600 per month in combined rental income from two fully leased units. The ground-floor unit, featuring one bedroom and one bathroom, is leased at $1,400 per month through July 2027. The upper unit, with four bedrooms and one bathroom, commands $2,200 per month, and lease renewal discussions are underway, with two of the four rooms leased through July 2027. The City of Syracuse approved a fourth bedroom and living room with a sprinkler system on the third floor, adding 700 square feet of additional living space. Both units include a renovated bathroom, two dedicated parking spaces in the backyard, and ample natural light. The property is located near Syracuse University, major hospitals, downtown dining, shopping, and parks. The Centro Bus Station is directly in front of the property, with buses running every 10 minutes. The property is situated on a 0.12-acre lot and has a property size of 2154 square feet. This versatile property delivers reliable income and upside in one of Syracuse’s in-demand rental corridors.