Duplex with Hardwood
For Sale
$309,900
Pending
140 Forest Hill Drive 42, Syracuse, NY 13206
The first-floor flat is vacant, and both units feature hardwood flooring.
Property Size2,561 SF
Days on Market63
Property Features for 140 Forest Hill Drive 42
General Information
Standard status
Pending
Size
2,561 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,058
Building Details
Building Size
2,561 SF
Year Built
1915
Listing Agency:
Skinner & Assoc. Realty LLC
Listed By:
Stephen Skinner · License #10491205007
(315) 373-6896
Source:
Griffith-realty
Added: Aug 27
Changed: Oct 25
Last Checked: Oct 28 at 3:06PM
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 Skinner & Assoc. Realty LLC
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Investment Insights
Based on property information with market context.
This two-family duplex in Syracuse, New York, contains two matching flats, each with three bedrooms and one bathroom. The first-floor residence is vacant. Hardwood flooring, updated flooring in select areas, and recently painted interior and exterior surfaces are among the property’s physical features. Some mechanical components have also been updated, and the roof is newer.
Built in 1915, the property is located on Forest Hill Drive. Its two-flat configuration provides separate residential living spaces within one building, with the first-floor unit currently open for occupancy. The address is 140 Forest Hill Drive #42, Syracuse, NY 13206.
Built in 1915, the property is located on Forest Hill Drive. Its two-flat configuration provides separate residential living spaces within one building, with the first-floor unit currently open for occupancy. The address is 140 Forest Hill Drive #42, Syracuse, NY 13206.
Key Highlights
- Two‑family duplex with three bedrooms and one bathroom per flat
- First‑floor flat is vacant
- Hardwood flooring in the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,250
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,000
$545.0K
Cap Rate 7%
$389,286
$389.3K
Cap Rate 9%
$302,778
$302.8K
Market Conditions
NOI Build-Up for 2,561 SF
Gross rent
$41.5K $16.20/SF
− Vacancy
−$2.6K −$1.00/SF
EGI
$38.9K $15.20/SF
− OpEx
−$11.7K −$4.56/SF
NOI
$27.2K $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 Rate 5%
$545,000
Cap Rate 7%
$389,286
Cap Rate 9%
$302,778
Alternative Uses
Best Use
Multifamily LT 5
$389.3K
$340.6K – $454.2K
NOI $27,250 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$345.4K
$302.3K – $403.0K
NOI $24,180 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$445.1K
$389.4K – $519.3K
NOI $31,155 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The first-floor flat is vacant, and both units feature hardwood flooring.
Where is this duplex located?
The property is located at 140 Forest Hill Drive 42 Syracuse, NY.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑family duplex with three bedrooms and one bathroom per flat; First‑floor flat is vacant; Hardwood flooring in the property
