Two-Unit Residential Income
1300-1302 Oak St Syracuse, NY 13203
For Sale
$239,900
Well-maintained two-unit duplex with two 2-bedroom, 1-bath apartments, plus basement, attic, and a detached garage.
Property Size2,200 SF
Price / SF$109.05
Days on Market81
Property Features for 1300-1302 Oak St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi Family
Building Details
Year Built
1915
Listing Agency:
(315) 430-4894
Listed By:
Thomas Tarry JR
(315) 430-4894
Source:
Elliman
Added: May 9
Changed: Jul 23
Last Checked: Jul 28 at 10:08AM
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 Thomas Tarry JR
Investment Insights
Based on property information with market context.
This spacious, well-maintained duplex features two separate residential units, each offering 2 bedrooms and 1 full bathroom. Both apartments include a porch, a formal dining room, a living room, and a dedicated storage room. Additional space is available in a full attic and full basement, which can support added storage needs.
The property includes a detached garage for convenient parking. With two fully sized units under one roof, the layout supports both tenant occupancy and owner-occupant scenarios.
Overall, the building presents a classic two-unit configuration with substantial interior space and multiple storage areas, complemented by an off-detached parking option.
The property includes a detached garage for convenient parking. With two fully sized units under one roof, the layout supports both tenant occupancy and owner-occupant scenarios.
Overall, the building presents a classic two-unit configuration with substantial interior space and multiple storage areas, complemented by an off-detached parking option.
Key Highlights
- Two‑unit duplex with two 2‑bedroom, 1‑bath apartments
- Over 2,200 SF of total living space
- Each unit features a porch, formal dining room, living room, and dedicated storage room
Financial Insights For Apartment 5plus
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 | $40.4k | $18.36 |
| − Vacancy | −$2.6k | −$1.19 |
| EGI | $37.8k | $17.17 |
| − OpEx | −$17.0k | −$7.72 |
| NOI | $20.8k | $9.44 |
2,200 SF · lease $18.36/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.4K
$292.6K – $390.2K
NOI $23,409 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$296.7K
$259.7K – $346.2K
NOI $20,772 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit duplex with two 2-bedroom, 1-bath apartments, plus basement, attic, and a detached garage.
Where is this duplex located?
The property is located at 1300-1302 Oak St Syracuse, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 1‑bath apartments; Over 2,200 SF of total living space; Each unit features a porch, formal dining room, living room, and dedicated storage room
