Renovated Duplex with Nine
For Sale
$290,000
604 W Onondaga St, Syracuse, NY 13204
Two updated units are delivered vacant with separate utilities and refreshed major systems.
Property Size2,342 SF
Price / SF$123.83
Days on Market21
Property Features for 604 W Onondaga St
General Information
Standard status
Active
Size
2,342 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 6BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Hunt Real Estate Era
Listed By:
Greg Wakeman
(315) 488-2926
Source:
Skinnercnyrealty
Added: Sep 16
Changed: Sep 26
Last Checked: Oct 4 at 3:12PM
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 Hunt Real Estate Era
Investment Insights
Based on property information with market context.
This duplex contains 2,342 square feet arranged as two separate residences and is offered vacant. The lower unit includes three bedrooms and one full bathroom. The upper residence occupies two levels with six bedrooms and one full bathroom, along with a second half bath that has been roughed in for completion. The property was built in 1900 and has undergone extensive updates, including a new roof, siding, furnace, hot water heaters, electrical system, kitchens, bathrooms, and interior paint.
Separate utilities support distinct operating arrangements for each unit. With nine bedrooms across the building and the major renovation work completed, the property is configured for immediate leasing activity without an occupied tenancy in place.
Separate utilities support distinct operating arrangements for each unit. With nine bedrooms across the building and the major renovation work completed, the property is configured for immediate leasing activity without an occupied tenancy in place.
Key Highlights
- 2,342‑square‑foot duplex with 9 bedrooms and 2 full baths
- Two separate units delivered vacant
- First‑floor unit includes 3 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,920
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,400
$498.4K
Cap Rate 7%
$356,000
$356.0K
Cap Rate 9%
$276,889
$276.9K
Market Conditions
NOI Build-Up for 2,342 SF
Gross rent
$37.9K $16.20/SF
− Vacancy
−$2.3K −$1.00/SF
EGI
$35.6K $15.20/SF
− OpEx
−$10.7K −$4.56/SF
NOI
$24.9K $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%
$498,400
Cap Rate 7%
$356,000
Cap Rate 9%
$276,889
Alternative Uses
Best Use
Multifamily LT 5
$356.0K
$311.5K – $415.3K
NOI $24,920 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$315.9K
$276.4K – $368.5K
NOI $22,112 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$407.0K
$356.1K – $474.9K
NOI $28,491 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,427
Businesses Nearby
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Business Placement
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
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 - Two updated units are delivered vacant with separate utilities and refreshed major systems.
Where is this duplex located?
The property is located at 604 W Onondaga St Syracuse, NY.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 2,342‑square‑foot duplex with 9 bedrooms and 2 full baths; Two separate units delivered vacant; First‑floor unit includes 3 bedrooms and 1 full bath
