Duplex with Outdoor
For Sale
$324,900
Pending
133 - 135 Tuller Road, Syracuse, NY 13212
Residential, Syracuse, NY
Property Size2,272 SF
Lot Size0.37 Acres
Days on Market47
Property Features for 133 - 135 Tuller Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 4
Parking features
Garage
Patio and Porch features
Deck
Interior features
SlidingGlassDoors
Exterior features
Deck
Appliances
ElectricWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
North Syracuse
Middle school district
North Syracuse
High school district
North Syracuse
Subdivision
North Syracuse Village-Cicero-312201
Standard status
Pending
APN
312201-014-000-0001-012-000-0000
Size
2,272 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Annual Amount
6549
Utilities
Heating system
Baseboard, Hot Water(Heating), Natural Gas
Water source
Public
Amenities
decks
private yard
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Carpet, Varies, Vinyl
Building materials
VinylSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Berkshire Hathaway CNY Realty · Berkshire Hathaway HomeServices
(315) 218-7171
Listed By:
Theresa M Micho · License #30MI0692281
(315) 882-2427
Added: Jul 22
Changed: Aug 19
Last Checked: Sep 6 at 3:06AM
MLS# S1700487
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 side-by-side duplex contains 2,272 square feet across two residential units on a 0.3715-acre parcel. Constructed in 1986, the property includes four bedrooms and four bathrooms, with room configurations supporting separate household use. Interior features include sliding glass doors, varied carpet and vinyl flooring, and electric water heating. Natural-gas baseboard and hot-water heating serve the building, which has vinyl siding, copper plumbing, an asphalt roof, and public water.
Each unit benefits from deck access, while the property also includes a new driveway, garage parking, a newer refrigerator, and newer flooring. The property is located at 133 - 135 Tuller Road in Syracuse, NY 13212, within Onondaga County.
Each unit benefits from deck access, while the property also includes a new driveway, garage parking, a newer refrigerator, and newer flooring. The property is located at 133 - 135 Tuller Road in Syracuse, NY 13212, within Onondaga County.
Key Highlights
- Side‑by‑side duplex with 2,272 square feet of building area
- 0.3715‑acre parcel at 133 - 135 Tuller Road, Syracuse, NY 13212
- Four bedrooms and four bathrooms
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
$24,175
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
7.44%
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%
$483,500
$483.5K
Cap Rate 7%
$345,357
$345.4K
Cap Rate 9%
$268,611
$268.6K
Market Conditions
NOI Build-Up for 2,272 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
$36.8K $16.20/SF
− Vacancy
−$2.3K −$1.00/SF
EGI
$34.5K $15.20/SF
− OpEx
−$10.4K −$4.56/SF
NOI
$24.2K $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 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%
$483,500
Cap Rate 7%
$345,357
Cap Rate 9%
$268,611
Alternative Uses
Best Use
Multifamily LT 5
$345.4K
$302.2K – $402.9K
NOI $24,175 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$306.4K
$268.1K – $357.5K
NOI $21,451 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$394.8K
$345.5K – $460.7K
NOI $27,639 @ 7.0% cap · market cap 8.51%
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
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 13212, NY
20,220
Population
9,213
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
93%
High-School Grad
11.1 sq mi
ZIP Area
1,822
Density / Sq Mi
$74,931
Median Household Income
$45,740
Median Earnings
$1,027
Median Rent
$157,400
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 - Side-by-side residential units with garages, updated surfaces, and access to a shared outdoor setting.
Where is this duplex located?
The property is located at 133 - 135 Tuller Road Syracuse, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,272 square feet of building area; 0.3715‑acre parcel at 133 - 135 Tuller Road, Syracuse, NY 13212; Four bedrooms and four bathrooms
