Updated Tenant-Occupied
For Sale
$184,900
171 Briggs Street, Syracuse, NY 13208
Residential, Syracuse, NY
Property Size1,596 SF
Lot Size0.10 Acres
Price / SF$115.85
Days on Market47
Property Features for 171 Briggs Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Basement, Bedroom 2, Bedroom 3
Parking features
On Street
Interior features
CeilingFans
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Syracuse
Middle school district
Syracuse
High school district
Syracuse
Directions
Exit 26 for US RT 11 towards Mattydale, Merge onto US 11/ Brewerton Rd, Keep Left to continue on Lemoyne Ave, Turn left on Wadsworth St. Turn right onto Briggs Street.
Subdivision
Syracuse City-311500
Standard status
Active
APN
311500-011-000-0001-024-000-0000
Size
1,596 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
2273
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
AluminumSiding, VinylSiding
Roof type
Shingle, Asphalt
Listing Agency:
Candy Costa Real Estate LLC
(315) 505-6609
Listed By:
Candy Costa · License #10491209117
(315) 447-0668
Added: Aug 22
Changed: Sep 18
Last Checked: Oct 7 at 1:06PM
MLS# S1707544
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This tenant-occupied duplex was built in 1900 and contains 1,596 square feet on a 0.10-acre lot. Interior updates include paint, flooring, kitchen cabinetry, countertops, and appliances. Vinyl flooring, ceiling fans, and an asphalt shingle roof are also noted. The property has aluminum and vinyl siding and includes basement space.
Public water and sewer serve the property. Heating is provided by a natural-gas forced-air system, with a gas water heater. Parking is available on the street. The existing tenancy and recent interior improvements provide a defined residential income profile for an owner evaluating the asset.
Public water and sewer serve the property. Heating is provided by a natural-gas forced-air system, with a gas water heater. Parking is available on the street. The existing tenancy and recent interior improvements provide a defined residential income profile for an owner evaluating the asset.
Key Highlights
- Tenant‑occupied duplex with 1,596 square feet of property size
- 0.10‑acre lot
- Updated paint, flooring, kitchen cabinets, countertops, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,982
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,640
$339.6K
Cap Rate 7%
$242,600
$242.6K
Cap Rate 9%
$188,689
$188.7K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$25.9K $16.20/SF
− Vacancy
−$1.6K −$1.00/SF
EGI
$24.3K $15.20/SF
− OpEx
−$7.3K −$4.56/SF
NOI
$17.0K $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 Rate 5%
$339,640
Cap Rate 7%
$242,600
Cap Rate 9%
$188,689
Alternative Uses
Best Use
Multifamily LT 5
$242.6K
$212.3K – $283.0K
NOI $16,982 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$215.3K
$188.4K – $251.2K
NOI $15,069 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$277.4K
$242.7K – $323.6K
NOI $19,416 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
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 - Tenant-occupied duplex with refreshed interiors, public utilities, and natural-gas forced-air heating.
Where is this duplex located?
The property is located at 171 Briggs Street Syracuse, NY.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Tenant‑occupied duplex with 1,596 square feet of property size; 0.10‑acre lot; Updated paint, flooring, kitchen cabinets, countertops, and appliances
