Two-Family Property with Detached
1317 Butternut Street, Syracuse, NY 13208
For Sale
$139,900
Currently configured as a single-family residence with a full basement, enclosed porch, and detached garage.
Property Size1,360 SF
Days on Market61
Property Features for 1317 Butternut Street
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Stories
Listing Agency:
Howard Hanna Real Estate
Listed By:
Maureen Kostadinov · License NY #10401404167
(315) 308-1468
Source:
Stacyfaunce.kw
Added: Sep 15
Changed: Nov 10
Last Checked: Nov 12 at 4:22AM
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 Howard Hanna Real Estate
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Investment Insights
Based on property information with market context.
Built in 1910, this approximately 1,360-square-foot property is classified as a two-family residence and is currently arranged for single-family use. The layout includes 4 bedrooms and 2 full bathrooms, along with a full basement, enclosed porch space, detached garage, and gas forced-air heat.
The property has one electric meter, one gas meter, and two water meters. Its two-family status has been confirmed by the City of Syracuse Codes Department and is also reflected in public records. Located on Butternut Street in Syracuse, the property is near shopping, dining, transportation, and everyday amenities.
The property has one electric meter, one gas meter, and two water meters. Its two-family status has been confirmed by the City of Syracuse Codes Department and is also reflected in public records. Located on Butternut Street in Syracuse, the property is near shopping, dining, transportation, and everyday amenities.
Key Highlights
- Two‑family classification confirmed by the City of Syracuse Codes Department
- Approximately 1,360 square feet with 4 bedrooms and 2 full bathrooms
- Currently configured for single‑family use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,841
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,820
$256.8K
Cap Rate 7%
$183,443
$183.4K
Cap Rate 9%
$142,678
$142.7K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$25.0K $18.36/SF
− Vacancy
−$1.6K −$1.19/SF
EGI
$23.3K $17.17/SF
− OpEx
−$10.5K −$7.72/SF
NOI
$12.8K $9.44/SF
Area
Syracuse, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,820
Cap Rate 7%
$183,443
Cap Rate 9%
$142,678
Alternative Uses
Best Use
Multifamily LT 5
$206.7K
$180.9K – $241.2K
NOI $14,471 @ 7.0% cap · market cap 10.34%
Second Best
Apartment 5plus
$183.4K
$160.5K – $214.0K
NOI $12,841 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$236.4K
$206.8K – $275.8K
NOI $16,545 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
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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
$110,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Syracuse, NY
Properties on Market for Duplexes in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Currently configured as a single-family residence with a full basement, enclosed porch, and detached garage.
Where is this duplex located?
The property is located at 1317 Butternut Street Syracuse, NY.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two‑family classification confirmed by the City of Syracuse Codes Department; Approximately 1,360 square feet with 4 bedrooms and 2 full bathrooms; Currently configured for single‑family use
