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11-Unit One-Bedroom Multifamily
For Sale
$400,000

900 N Alvord St, Syracuse, NY 13208

Corner multifamily with 11 one-bedroom units, updated roof and renovations, positioned for leasing and operational efficiencies.

Property Size7,966 SF
Days on Market72

Property Features for 900 N Alvord St

General Information

Standard status Active
Size 7,966 SF
Property subtype Investment

Additional Details

Multifamily Units 11

Taxes and HOA fees

Annual Taxes $14,232

Building Details

Building Size 7,966 SF
Year Built 1940
Stories 3
Units 11
Tenancy Multi
Listing Agency:
Listed By: Theodore Lewandowski
Source: Elliman
Added: Jun 3 Changed: Aug 8 Last Checked: Aug 8 at 7:49AM

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 Theodore Lewandowski

Investment Insights

Based on property information with market context.

This offering is an 11-unit multifamily property made up entirely of one-bedroom units. The owner has completed meaningful improvements, including a new roof installed in 2025 and renovations in 9 of the 11 units. Those 9 renovated units are currently occupied, providing an immediately income-generating configuration. The building is also equipped with 24/7 video surveillance, and a property caretaker/security manager lives on site.

The property sits on a corner at Danforth St and N Alvord St, offering straightforward visibility and access from both streets. Walk and transit scores indicate a very walkable area with good transit connectivity, supporting day-to-day accessibility for residents.

For investors or owner-operators, this asset presents a practical mix of current occupancy and unit-level improvement. With renovations already completed on most units and ongoing income already in place, the remaining unrenovated units and additional rentable spaces (including garage and driveway options described in the materials) may allow for more consistent leasing outcomes. Financials, including a rent roll and additional property information, are available upon request.

Key Highlights

  • 11‑unit multifamily at the corner of Danforth St & N Alvord St, all one‑bedroom units
  • Built in 1940 and currently generates close to $100,000 annually in gross rental income
  • New roof installed in 2025, plus renovations completed in 9 of the 11 units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Florist Locksmith Nursing Home Real Estate Agency

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

11
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

990
Businesses Nearby

Demographics for 13208, NY

23,603
Population
10,325
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
77%
High-School Grad
4.1 sq mi
ZIP Area
5,757
Density / Sq Mi
$40,641
Median Household Income
$35,015
Median Earnings
$999
Median Rent
$110,300
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?
Apartment building - Corner multifamily with 11 one-bedroom units, updated roof and renovations, positioned for leasing and operational efficiencies.
Where is this apartment building located?
The property is located at 900 N Alvord St Syracuse, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 11‑unit multifamily at the corner of Danforth St & N Alvord St, all one‑bedroom units; Built in 1940 and currently generates close to $100,000 annually in gross rental income; New roof installed in 2025, plus renovations completed in 9 of the 11 units
More about this property
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