Three-Story Multifamily with Private
125 Kensington & Lancaster Road Syracuse, NY 13210
125 Kensington & Lancaster Road, Syracuse, NY, 13210
$309,800
For Sale
$309,800
Residential Multi Family, Other - Syracuse, NY
Property Size2,154 SF
Lot Size0.12 Acres
Price / SF$143.83
Days on Market61
Property Features for 125 Kensington & Lancaster Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Standard status
- Active
- Size
- 2,154 SF
- Lot size
- 0.12 Acres
Building Details
- Year built
- 1915
- Architectural style
- Other
Listing Agency
NextHome CNY Realty
315567HOME
110 Buchmans Close Cir., NY
Listed by
Samantha Dougherty · License #10311208735,PersonLicenseNumber
(315) 882-4720
Added: May 18 Checked: Jul 17 at 11:06 pm
MLS# S1679901
Listing URL
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story corner-unit multifamily includes two residential units, each with a dedicated private entrance. The ground-floor 1-bedroom/1-bath unit is currently leased through July 2027, and the upper 4-bedroom/1-bath unit is generating current income with lease renewal discussions noted in the remarks. Both units include renovated bathrooms and receive ample natural light.
The property is located in Syracuse, NY (13210) at 125 Kensington & Lancaster Road. The remarks state the Centro Bus Station sits directly in front of the property, with buses running every 10 minutes, and that it is near Syracuse University, major hospitals, downtown dining, shopping, and parks.
According to the City of Syracuse approval referenced in the remarks, the third-floor layout includes an approved 4th bedroom and living room with a sprinkler system. The property also features two dedicated parking spaces in the backyard.
The property is located in Syracuse, NY (13210) at 125 Kensington & Lancaster Road. The remarks state the Centro Bus Station sits directly in front of the property, with buses running every 10 minutes, and that it is near Syracuse University, major hospitals, downtown dining, shopping, and parks.
According to the City of Syracuse approval referenced in the remarks, the third-floor layout includes an approved 4th bedroom and living room with a sprinkler system. The property also features two dedicated parking spaces in the backyard.
Key Highlights
- 1915‑built three‑story corner‑unit multifamily with dedicated private entrances for each floor
- Two fully leased units generating $3,600/month combined rental income
- Ground‑floor 1BR/1BA leased at $1,400/month through July 2027
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $16.20 |
| − Vacancy | −$2.2k | −$1.00 |
| EGI | $32.7k | $15.20 |
| − OpEx | −$9.8k | −$4.56 |
| NOI | $22.9k | $10.64 |
2,154 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$327.4K
$286.5K – $382.0K
NOI $22,919 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$290.5K
$254.2K – $339.0K
NOI $20,337 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$374.3K
$327.6K – $436.7K
NOI $26,204 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Corner-unit three-story multifamily offers two residential units with dedicated private entrances and two backyard parking spaces.
Where is this duplex located?
The property is located at 125 Kensington & Lancaster Road Syracuse, NY.
What is the asking price?
The asking price for this property is $309,800.
What are key features of this property?
This property features: 1915‑built three‑story corner‑unit multifamily with dedicated private entrances for each floor; Two fully leased units generating $3,600/month combined rental income; Ground‑floor 1BR/1BA leased at $1,400/month through July 2027
