Duplex with Hardwood
For Sale
$185,000
Pending
1435 Midland Avenue #37, Syracuse, NY 13205
Two occupied units feature fresh paint and recently replaced kitchen appliances.
Property Size1,728 SF
Days on Market162
Property Features for 1435 Midland Avenue #37
General Information
Standard status
Pending
Size
1,728 SF
Property subtype
Multi-Family
Amenities
hardwood floors
new appliances
Building Details
Building Size
1,728 SF
Year Built
1920
Stories
2
Tenancy
Multi
Listing Agency:
Empire Realty Group
Listed By:
Tonya Britton · License #10401333644
(315) 807-1751
Source:
Stacyfaunce.kw
Added: May 1
Changed: Sep 8
Last Checked: Oct 9 at 4:48PM
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 Empire Realty Group
Investment Insights
Based on property information with market context.
Built in 1920, this duplex at 1435 Midland Avenue #37 includes hardwood flooring, fresh interior paint, and recently replaced stoves, refrigerators, and microwaves. Both units have long-term tenants, providing an established occupancy profile for a purchaser evaluating the property as a portfolio addition or potential owner-occupied residence.
The property is offered in its current condition, with the sale structured on an as-is basis. Its two-unit configuration and existing tenancy provide a straightforward residential income property format.
The property is offered in its current condition, with the sale structured on an as-is basis. Its two-unit configuration and existing tenancy provide a straightforward residential income property format.
Key Highlights
- Duplex configuration with both units occupied by long‑term tenants
- Hardwood floors throughout the property
- Recently painted interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,315
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,300
$326.3K
Cap Rate 7%
$233,071
$233.1K
Cap Rate 9%
$181,278
$181.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$31.7K $18.36/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$29.7K $17.17/SF
− OpEx
−$13.3K −$7.72/SF
NOI
$16.3K $9.44/SF
Area
Syracuse, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,300
Cap Rate 7%
$233,071
Cap Rate 9%
$181,278
Alternative Uses
Best Use
Multifamily LT 5
$262.7K
$229.8K – $306.4K
NOI $18,386 @ 7.0% cap · market cap 9.94%
Second Best
Apartment 5plus
$233.1K
$203.9K – $271.9K
NOI $16,315 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$300.3K
$262.8K – $350.4K
NOI $21,021 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 13205, NY
18,834
Population
8,868
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
3.6 sq mi
ZIP Area
5,232
Density / Sq Mi
$39,171
Median Household Income
$32,711
Median Earnings
$898
Median Rent
$96,300
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 occupied units feature fresh paint and recently replaced kitchen appliances.
Where is this duplex located?
The property is located at 1435 Midland Avenue #37 Syracuse, NY.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Duplex configuration with both units occupied by long‑term tenants; Hardwood floors throughout the property; Recently painted interiors
