Two-Unit Duplex with
New
For Sale
$445,000
132-34 Roosevelt Avenue, Syracuse, NY 13210
Both residences are leased and offer hardwood flooring, natural woodwork, and traditional multi-room layouts.
Property Size3,284 SF
Days on Market6
Property Features for 132-34 Roosevelt Avenue
General Information
Standard status
Active
Size
3,284 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
covered front porch
shared laundry
off street parking
private partially fenced backyard
wood-burning fireplaces
Building Details
Building Size
3,284 SF
Year Built
1935
Buildings
1
Stories
2
Listing Agency:
WEICHERT, REALTORS-TBG
Listed By:
Deana Bollinger Ingram
(315) 436-1937
Source:
Stacyfaunce.kw
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 5:49AM
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 WEICHERT, REALTORS-TBG
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Investment Insights
Based on property information with market context.
Built in 1935, this Syracuse duplex contains two occupied apartments. Each residence has three bedrooms, a full bath, a living room with a wood-burning fireplace, a formal dining room, and a kitchen. Hardwood flooring and natural wood trim carry through both units.
Shared and exterior features include a full basement with laundry and storage, off-street parking, and a partially fenced private backyard. The property also has a covered front porch serving the building and a separate covered porch for the upper apartment. Its Roosevelt Avenue address places it near Syracuse University, SUNY Upstate Medical University, Crouse Hospital, and the VA Medical Center, as well as Westcott restaurants, coffee shops, and retail.
Shared and exterior features include a full basement with laundry and storage, off-street parking, and a partially fenced private backyard. The property also has a covered front porch serving the building and a separate covered porch for the upper apartment. Its Roosevelt Avenue address places it near Syracuse University, SUNY Upstate Medical University, Crouse Hospital, and the VA Medical Center, as well as Westcott restaurants, coffee shops, and retail.
Key Highlights
- Two occupied apartments, each with three bedrooms and a full bath
- Wood‑burning fireplace in each living room
- 1935 construction with hardwood flooring and natural woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,943
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,860
$698.9K
Cap Rate 7%
$499,186
$499.2K
Cap Rate 9%
$388,256
$388.3K
Market Conditions
NOI Build-Up for 3,284 SF
Gross rent
$53.2K $16.20/SF
− Vacancy
−$3.3K −$1.00/SF
EGI
$49.9K $15.20/SF
− OpEx
−$15.0K −$4.56/SF
NOI
$34.9K $10.64/SF
Area
Syracuse, NY
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,860
Cap Rate 7%
$499,186
Cap Rate 9%
$388,256
Alternative Uses
Best Use
Multifamily LT 5
$499.2K
$436.8K – $582.4K
NOI $34,943 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$442.9K
$387.6K – $516.8K
NOI $31,006 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$570.7K
$499.4K – $665.8K
NOI $39,950 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 13210, NY
23,150
Population
9,774
Households
2.4
Avg Household Size
27
Median Age
50%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
6,092
Density / Sq Mi
$38,783
Median Household Income
$20,554
Median Earnings
$1,081
Median Rent
$167,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and offer hardwood flooring, natural woodwork, and traditional multi-room layouts.
Where is this duplex located?
The property is located at 132-34 Roosevelt Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two occupied apartments, each with three bedrooms and a full bath; Wood‑burning fireplace in each living room; 1935 construction with hardwood flooring and natural woodwork
