Side-by-Side Duplex with
New
For Sale
$299,900
139 Old Liverpool, Salina, NY 13088
Two matching three-bedroom units feature private garages, full basements, laundry, and elevated lake views.
Property Size2,176 SF
Price / SF$136.32
Days on Market4
Property Features for 139 Old Liverpool
General Information
Standard status
Active
Size
2,176 SF
Total Parking Spaces
2
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,148
Amenities
laundry
Building Details
Building Size
2,176 SF
Year Built
1960
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Prime Prop,Inc
(315) 622-0161
Listed By:
James Burnham · License #10401222134
(315) 622-0161
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 16 at 6:58AM
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 Coldwell Banker Prime Prop,Inc
Investment Insights
Based on property information with market context.
Built in 1960, this nearly 2,200-square-foot duplex contains two side-by-side residences with matching layouts. Each unit includes three bedrooms and one and a half bathrooms, with the bedrooms and full bathroom upstairs and a living room, kitchen, and half bath on the main level. Full basements provide laundry areas, while kitchen appliances and washer/dryer sets are included in both units. Hardwood flooring runs through each residence, and each side has its own attached garage.
The property at 139 Old Liverpool Road in Salina offers an elevated view of the lake from the rear yard. Liverpool village, downtown Syracuse, and Destiny USA are each described as minutes away. Both units are rented, and showings require ample notice because the residences are tenant occupied.
Recent improvements include new windows, driveways, garage doors, toilets, and a newer roof. The 139 side also has an updated kitchen with newer flooring and appliances.
The property at 139 Old Liverpool Road in Salina offers an elevated view of the lake from the rear yard. Liverpool village, downtown Syracuse, and Destiny USA are each described as minutes away. Both units are rented, and showings require ample notice because the residences are tenant occupied.
Recent improvements include new windows, driveways, garage doors, toilets, and a newer roof. The 139 side also has an updated kitchen with newer flooring and appliances.
Key Highlights
- Nearly 2,200 square feet with two side‑by‑side residential units
- Each unit has 3 bedrooms, 1.5 bathrooms, and a separate attached garage
- Full basements with laundry; kitchen appliances and washer/dryer included
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
$23,409
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
7.81%
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%
$468,180
$468.2K
Cap Rate 7%
$334,414
$334.4K
Cap Rate 9%
$260,100
$260.1K
Market Conditions
NOI Build-Up for 2,200 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
$35.6K $16.20/SF
− Vacancy
−$2.2K −$1.00/SF
EGI
$33.4K $15.20/SF
− OpEx
−$10.0K −$4.56/SF
NOI
$23.4K $10.64/SF
Area
Onondaga County, 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%
$468,180
Cap Rate 7%
$334,414
Cap Rate 9%
$260,100
Alternative Uses
Best Use
Multifamily LT 5
$334.4K
$292.6K – $390.2K
NOI $23,409 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$296.7K
$259.7K – $346.2K
NOI $20,772 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 13088, NY
22,331
Population
11,242
Households
2
Avg Household Size
43
Median Age
35%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,690
Density / Sq Mi
$73,814
Median Household Income
$46,985
Median Earnings
$1,104
Median Rent
$166,500
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 matching three-bedroom units feature private garages, full basements, laundry, and elevated lake views.
Where is this duplex located?
The property is located at 139 Old Liverpool Salina, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Nearly 2,200 square feet with two side‑by‑side residential units; Each unit has 3 bedrooms, 1.5 bathrooms, and a separate attached garage; Full basements with laundry; kitchen appliances and washer/dryer included
