Two-Unit Duplex with Newer
140 Forest Hill Drive #42, Syracuse, NY 13206
For Sale
$309,900
Pending
Each residence offers three bedrooms and one bathroom, with the first-floor unit vacant.
Property Size2,561 SF
Days on Market80
Property Features for 140 Forest Hill Drive #42
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Skinner & Assoc. Realty LLC
Listed By:
Stephen Skinner · License NY #10491205007
(315) 373-6896
Source:
Prestigefamilyrealty
Added: Aug 27
Changed: Nov 13
Last Checked: Nov 13 at 10:15AM
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 1915 duplex contains two flats, each configured with three bedrooms and one bathroom. The first-floor residence is vacant. The property totals 2,561 square feet and features hardwood flooring, a newer roof, and some updated mechanicals and flooring. The interior and exterior have been painted recently.
The building is on Forest Hill Drive in Syracuse, on a tree-lined street described as walkable to the surrounding community.
The building is on Forest Hill Drive in Syracuse, on a tree-lined street described as walkable to the surrounding community.
Key Highlights
- Two flats, each with 3 bedrooms and 1 bathroom
- First‑floor unit is vacant
- 2,561 square feet
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.
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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
$130,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Syracuse, NY
Properties on Market for Duplexes in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms and one bathroom, with the first-floor unit vacant.
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 flats, each with 3 bedrooms and 1 bathroom; First‑floor unit is vacant; 2,561 square feet
