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Two-Unit Corner Multifamily Property
For Sale
$184,900

719 2nd North St, Syracuse, NY 13208

Fully tenant-occupied two-unit building on a corner lot with recently updated interiors and newer roof and water-heater improvements.

Days on Market41

Property Features for 719 2nd North St

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Additional Details

Business Included Yes
Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1910
Tenancy Multi
Listing Agency:
Listed By: Stephen Skinner
Source: Elliman
Added: Jun 21 Changed: Jul 10 Last Checked: Jul 30 at 5:53AM

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 Stephen Skinner

Investment Insights

Based on property information with market context.

This fully tenant-occupied two-unit multifamily property is configured with a spacious first-floor 2-bedroom, 1-bath unit and a second-floor studio apartment. Both units have been recently updated, supporting straightforward leasing and helping reduce the likelihood of near-term turnover and maintenance. Recent exterior improvements include a newer membrane roof on the rear portion of the home, a metal roof on the two-story section that is about 2 years old, and one water heater that is approximately 3 years old.

Set on a corner lot at the intersection of Bear Street and Second North Street, the property offers convenient access to downtown Syracuse, major highways, and surrounding shopping, dining, and local amenities. Transit access is described as good, and the area scores indicate it is very walkable with somewhat bikeable conditions.

With both units currently rented and a current rental registry in place, the building may appeal to investors seeking a turnkey residential income asset with documented interior and select capital improvements already completed. The mix of a larger 2-bedroom unit and a studio can also provide flexible tenant fit across household needs within the same property.

Key Highlights

  • Fully tenant‑occupied 2‑unit multifamily on a corner lot at Bear St and Second North St
  • First‑floor 2BR/1BA rented for $1,300/month; second‑floor studio rented for $900/month
  • Recently updated interiors in both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Accounting Firm Hotel & Motel Pharmacy

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

895
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?
Duplex - Fully tenant-occupied two-unit building on a corner lot with recently updated interiors and newer roof and water-heater improvements.
Where is this duplex located?
The property is located at 719 2nd North St Syracuse, NY.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Fully tenant‑occupied 2‑unit multifamily on a corner lot at Bear St and Second North St; First‑floor 2BR/1BA rented for $1,300/month; second‑floor studio rented for $900/month; Recently updated interiors in both units
More about this property
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