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Quadplex With Rear Warehouse
For Sale
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1511 N State St, Syracuse, NY 13208

Four long-term units with a rear warehouse and abundant parking, plus a heated/powered garage available for rental.

Property SizeContact for details
Days on Market121

Property Features for 1511 N State St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Royal Shell Real Estate, Inc
Listed By: Frank Procopio · License #Sl3505095
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 3:02PM

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 property consists of four residential units, delivered by the seller with a transferable Certificate of Compliance. Three units are occupied by long-term tenants who are current on rent, and one unit has just vacated and is being prepared to be rent ready.

The site offers tons of parking and includes a warehouse located in the rear that can be rented out or used for storage. There is also a garage on the property with power and heat; it was previously rented for $500 per month.

Current gross income is stated as $2,475 per month, with rents noted as below market due to the long-term tenancy. The seller’s delivery plan includes the rent-ready unit and the transferable compliance documentation at closing.

Key Highlights

  • Four long‑term rental units on the North Side of Syracuse with a transferable Certificate of Compliance
  • All tenants are long term and current on rent; one unit just vacated and is being made rent ready
  • Total rental income of $2,475 per month, with rents noted as below market due to long‑term tenancy

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Garden Center Florist Locksmith Catering Service Nursing Home Restaurant

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

Location Intelligence

Trade Area within ½ mile

1,114
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 Industrial in Syracuse, NY

6.3% 2019
4.9% 2020
3.6% 2021
2.9% 2022
3.2% 2023
4.1% 2024
6.1% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four long-term units with a rear warehouse and abundant parking, plus a heated/powered garage available for rental.
Where is this quadplex located?
The property is located at 1511 N State St Syracuse, NY.
What are key features of this property?
This property features: Four long‑term rental units on the North Side of Syracuse with a transferable Certificate of Compliance; All tenants are long term and current on rent; one unit just vacated and is being made rent ready; Total rental income of $2,475 per month, with rents noted as below market due to long‑term tenancy
(239) 206-6577 Call to check price and availability
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