Brick Duplex with Two Three-Bedroom
For Sale
$295,000
1326 Madison St, Syracuse, NY 13210
Separate flats, parking, attic storage, and refreshed building systems support the property’s two-unit configuration.
Property Size2,762 SF
Days on Market10
Property Features for 1326 Madison St
General Information
Standard status
Active
Size
2,762 SF
Total Parking Spaces
5
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,295
Building Details
Building Size
2,762 SF
Year Built
1875
Buildings
1
Stories
2
Units
2
Construction
brick
Listing Agency:
Berkshire Hathaway CNY Realty
(315) 383-7026
Listed By:
Maria Fong Sheehan · License #10401205543
(315) 383-7026
Source:
Elliman
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 26 at 8:36AM
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 Berkshire Hathaway CNY Realty
Investment Insights
Based on property information with market context.
This 1875 brick duplex contains two 3-bedroom flats, each offering a spacious residential layout. The property includes front and rear staircases, a walk-up attic for storage, and parking for 5 cars with additional space available. Building updates include a complete roof replacement about a year ago, newer windows, newer electrical service, laundry equipment, stoves, one new furnace, a modern furnace, and two newer water heaters. The interior was also freshly painted not long ago.
Located near SU, the property is steps from Westcott Theater, shopping, restaurants, the library, and other services. WalkScore is 72, BikeScore is 55, and TransitScore is 48. Most rooms are leased individually, according to the property information.
Located near SU, the property is steps from Westcott Theater, shopping, restaurants, the library, and other services. WalkScore is 72, BikeScore is 55, and TransitScore is 48. Most rooms are leased individually, according to the property information.
Key Highlights
- Two 3‑bedroom flats in a brick duplex
- Complete roof replacement about a year ago
- Parking for 5 cars, with space for more
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,078
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,560
$521.6K
Cap Rate 7%
$372,543
$372.5K
Cap Rate 9%
$289,756
$289.8K
Market Conditions
NOI Build-Up for 2,762 SF
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.
Gross rent
$50.7K $18.36/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$47.4K $17.17/SF
− OpEx
−$21.3K −$7.72/SF
NOI
$26.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,560
Cap Rate 7%
$372,543
Cap Rate 9%
$289,756
Alternative Uses
Best Use
Multifamily LT 5
$419.8K
$367.4K – $489.8K
NOI $29,389 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$372.5K
$326.0K – $434.6K
NOI $26,078 @ 7.0% cap · market cap 8.84%
Theoretical Best
Office A
$480.0K
$420.0K – $560.0K
NOI $33,600 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,432
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate flats, parking, attic storage, and refreshed building systems support the property’s two-unit configuration.
Where is this duplex located?
The property is located at 1326 Madison St Syracuse, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two 3‑bedroom flats in a brick duplex; Complete roof replacement about a year ago; Parking for 5 cars, with space for more
