Two-Family Residential Income
For Sale
$329,900
Pending
155 Mosley Dr, Syracuse, NY 13206
Well-maintained two-unit home with two bedrooms and one full bathroom per unit, plus hardwood floors and wood-burning fireplaces.
Property Size2,352 SF
Days on Market49
Property Features for 155 Mosley Dr
General Information
Standard status
Pending
Size
2,352 SF
Total Parking Spaces
2
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,661
Building Details
Building Size
2,352 SF
Year Built
1925
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Skinner & Assoc. Realty LLC
(315) 373-6896
Listed By:
Stephen Skinner · License #10491205007
(315) 373-6896
Source:
Elliman
Added: Jul 15
Changed: Aug 16
Last Checked: Aug 15 at 8:10AM
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
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two spacious units. Each unit includes two bedrooms and one full bathroom, with hardwood flooring throughout and fully functional wood-burning fireplaces. The property is currently tenant occupied.
Outside, there is a nice-sized backyard and a detached two-car garage that can provide additional storage and off-street parking.
The home’s duplex configuration supports an owner-occupant or investor setup, with current in-place tenancy contributing to immediate rental income.
Outside, there is a nice-sized backyard and a detached two-car garage that can provide additional storage and off-street parking.
The home’s duplex configuration supports an owner-occupant or investor setup, with current in-place tenancy contributing to immediate rental income.
Key Highlights
- 1925‑built well‑maintained two‑family home with two spacious units, each with 2 bedrooms and 1 full bathroom
- Fully tenant occupied property with total rental income of $2,620/month
- Each unit features hardwood flooring and a fully functional wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,026
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,520
$500.5K
Cap Rate 7%
$357,514
$357.5K
Cap Rate 9%
$278,067
$278.1K
Market Conditions
NOI Build-Up for 2,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.1K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$35.8K $15.20/SF
− OpEx
−$10.7K −$4.56/SF
NOI
$25.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,520
Cap Rate 7%
$357,514
Cap Rate 9%
$278,067
Alternative Uses
Best Use
Multifamily LT 5
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$317.2K
$277.6K – $370.1K
NOI $22,207 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$408.7K
$357.7K – $476.9K
NOI $28,612 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
774
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit home with two bedrooms and one full bathroom per unit, plus hardwood floors and wood-burning fireplaces.
Where is this duplex located?
The property is located at 155 Mosley Dr Syracuse, NY.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1925‑built well‑maintained two‑family home with two spacious units, each with 2 bedrooms and 1 full bathroom; Fully tenant occupied property with total rental income of $2,620/month; Each unit features hardwood flooring and a fully functional wood‑burning fireplace
