Brick Duplex with
New
For Sale
$295,000
1326 Madison Street, Syracuse, NY 13210
Residential, Syracuse, NY
Property Size2,762 SF
Lot Size0.12 Acres
Price / SF$106.81
Days on Market3
Property Features for 1326 Madison Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Basement
Appliances
GasWaterHeater
Subdivision
Babcock
Lot features
Corner Lot, Irregular Lot
Elementary school district
Syracuse
Middle school district
Syracuse
High school district
Syracuse
Directions
Madison St. at Corner of Cherry.
Standard status
Active
APN
311500-047-000-0014-007-000-0000
Size
2,762 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
5295
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
attic storage
Building Details
Year built
1875
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies
Building materials
Brick, Frame
Listing Agency:
Berkshire Hathaway CNY Realty · Berkshire Hathaway HomeServices
(315) 373-0440
Listed By:
Maria Fong Sheehan · License #10401205543
(315) 383-7026
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 20 at 9:06AM
MLS# S1707468
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,762-square-foot duplex is a brick-and-frame residence built in 1875, configured as two three-bedroom flats. The property includes hardwood flooring, front and rear staircases, basement space, and a walk-up attic used for storage. Recent improvements include a replacement roof, newer windows, updated electrical service, one new furnace, two newer water heaters, and newer stoves. Forced-air heating is supplied by natural gas, and the property has public water.
Five on-site parking spaces are available, with additional room for parking. The property is located in Syracuse’s university area near Syracuse University, Westcott Theater, shopping, restaurants, the library, and other services. Most rooms are leased individually, and the layout may also support owner occupancy.
Five on-site parking spaces are available, with additional room for parking. The property is located in Syracuse’s university area near Syracuse University, Westcott Theater, shopping, restaurants, the library, and other services. Most rooms are leased individually, and the layout may also support owner occupancy.
Key Highlights
- Two three‑bedroom flats within a 2,762‑square‑foot duplex
- Five on‑site parking spaces with additional parking area
- Replacement roof completed about a year ago
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 - Two three-bedroom flats offer updated systems, hardwood flooring, and walk-up attic storage near the university area.
Where is this duplex located?
The property is located at 1326 Madison Street 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 three‑bedroom flats within a 2,762‑square‑foot duplex; Five on‑site parking spaces with additional parking area; Replacement roof completed about a year ago
