Duplex with In-Unit
New
For Sale
$239,900
146 Clover Ridge Drive #48, Syracuse, NY 13206
Two residences offer eat-in kitchens, living rooms, and separate driveways in Syracuse.
Property Size2,208 SF
Days on Market5
Property Features for 146 Clover Ridge Drive #48
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,653
Amenities
in-unit laundry
Building Details
Building Size
2,208 SF
Year Built
1890
Buildings
1
Listing Agency:
eXp Realty
Listed By:
David Hall · License #10401349369
(888) 276-0630
Source:
Griffith-realty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 12:09AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 2,208-square-foot duplex, built in 1890, contains two units with eat-in kitchens and living rooms. Each residence has in-unit laundry. The lower-level unit includes a walk-in closet, while the second-floor unit has a potential third-bedroom option. Recent work includes plumbing replacement, new laminate flooring in the kitchens, updated bathroom flooring, and fresh interior paint.
The property is at 146 Clover Ridge Drive in Syracuse, with shopping and highway access described as nearby. Two driveways provide off-street parking.
The property is at 146 Clover Ridge Drive in Syracuse, with shopping and highway access described as nearby. Two driveways provide off-street parking.
Key Highlights
- 2,208‑square‑foot duplex built in 1890
- Two units, each with an eat‑in kitchen, living room, and in‑unit laundry
- Lower‑level unit includes a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,847
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,940
$416.9K
Cap Rate 7%
$297,814
$297.8K
Cap Rate 9%
$231,633
$231.6K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$40.5K $18.36/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$37.9K $17.17/SF
− OpEx
−$17.1K −$7.72/SF
NOI
$20.8K $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%
$416,940
Cap Rate 7%
$297,814
Cap Rate 9%
$231,633
Alternative Uses
Best Use
Multifamily LT 5
$335.6K
$293.7K – $391.6K
NOI $23,494 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$297.8K
$260.6K – $347.5K
NOI $20,847 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$383.7K
$335.8K – $447.7K
NOI $26,861 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer eat-in kitchens, living rooms, and separate driveways in Syracuse.
Where is this duplex located?
The property is located at 146 Clover Ridge Drive #48 Syracuse, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 2,208‑square‑foot duplex built in 1890; Two units, each with an eat‑in kitchen, living room, and in‑unit laundry; Lower‑level unit includes a walk‑in closet
