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Residential Income Property
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1407 Spring St, Syracuse, NY 13208

A four-bedroom income property currently leased under market at $950 per month with a 0% vacancy rate.

Property SizeContact for details
Days on Market124

Property Features for 1407 Spring St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Business Included Yes
Listing Agency: Royal Shell Real Estate, Inc
Listed By: Frank Procopio · License #Sl3505095
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 5:54PM

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 Royal Shell Real Estate, Inc

Investment Insights

Based on property information with market context.

This four-bedroom residential income property is currently being rented under market value at $950 per month. The current leasing has contributed to a 0% vacancy rate, and the seller states this performance supports a 46% cash-on-cash return.

The property is located at 1407 Spring St in Syracuse, NY 13208.

Key Highlights

  • 4‑bedroom income property currently leased under market for $950 per month
  • 0% vacancy rate reported for the current rental setup
  • Cash‑on‑cash return reported at 46%

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Locksmith Florist (Bike/Boat/Book/etc) Store Restaurant Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

898
Businesses Nearby

Demographics for 13208, NY

23,603
Population
10,325
Households
2.3
Avg Household Size
33
Median Age
19%
College-Educated
77%
High-School Grad
4.1 sq mi
ZIP Area
5,757
Density / Sq Mi
$40,641
Median Household Income
$35,015
Median Earnings
$999
Median Rent
$110,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - A four-bedroom income property currently leased under market at $950 per month with a 0% vacancy rate.
Where is this multifamily property located?
The property is located at 1407 Spring St Syracuse, NY.
What are key features of this property?
This property features: 4‑bedroom income property currently leased under market for $950 per month; 0% vacancy rate reported for the current rental setup; Cash‑on‑cash return reported at 46%
(239) 206-6577 Call to check price and availability
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