Two-Unit Duplex with Covered
New
For Sale
$204,900
133 Hixson Ave, Syracuse, NY 13206
Eastwood duplex with spacious two-bedroom layouts, hardwood floors, and covered outdoor porches for each residence.
Property Size1,988 SF
Days on Market5
Property Features for 133 Hixson Ave
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,767
Amenities
hardwood floors
covered porches
walkup attic
Building Details
Building Size
1,988 SF
Year Built
1920
Stories
2
Units
2
Listed By:
Michael Durant
(315) 488-2926
Source:
Elliman
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 2:23PM
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 Michael Durant
Investment Insights
Based on property information with market context.
Built in 1920, this Eastwood duplex contains two residences with matching layouts that include a living room, dining room, two bedrooms, bathroom, and kitchen. Hardwood flooring extends throughout, and each unit has both a front and rear covered porch. A full walkup attic provides additional storage, while the small lot keeps exterior maintenance requirements manageable.
Located at 133 Hixson Ave in Syracuse, the property offers access to established neighborhood amenities and transportation options. WalkScore is 75, BikeScore is 54, and TransitScore is 37. The layout supports owner occupancy with an additional residence or rental use for both units.
Located at 133 Hixson Ave in Syracuse, the property offers access to established neighborhood amenities and transportation options. WalkScore is 75, BikeScore is 54, and TransitScore is 37. The layout supports owner occupancy with an additional residence or rental use for both units.
Key Highlights
- Two‑unit duplex at 133 Hixson Ave, Syracuse, NY 13206
- Each unit includes a living room, dining room, 2 bedrooms, bathroom, and kitchen
- Hardwood floors throughout both residences
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
$18,770
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
9.16%
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%
$375,400
$375.4K
Cap Rate 7%
$268,143
$268.1K
Cap Rate 9%
$208,556
$208.6K
Market Conditions
NOI Build-Up for 1,988 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
$36.5K $18.36/SF
− Vacancy
−$2.4K −$1.19/SF
EGI
$34.1K $17.17/SF
− OpEx
−$15.4K −$7.72/SF
NOI
$18.8K $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 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%
$375,400
Cap Rate 7%
$268,143
Cap Rate 9%
$208,556
Alternative Uses
Best Use
Multifamily LT 5
$302.2K
$264.4K – $352.6K
NOI $21,153 @ 7.0% cap · market cap 10.32%
Second Best
Apartment 5plus
$268.1K
$234.6K – $312.8K
NOI $18,770 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$345.5K
$302.3K – $403.1K
NOI $24,184 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 13206, NY
16,599
Population
8,460
Households
2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,049
Density / Sq Mi
$60,314
Median Household Income
$40,429
Median Earnings
$952
Median Rent
$130,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Eastwood duplex with spacious two-bedroom layouts, hardwood floors, and covered outdoor porches for each residence.
Where is this duplex located?
The property is located at 133 Hixson Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Two‑unit duplex at 133 Hixson Ave, Syracuse, NY 13206; Each unit includes a living room, dining room, 2 bedrooms, bathroom, and kitchen; Hardwood floors throughout both residences
