Two-Unit
For Sale
Contact for pricing
206 Beecher St, Syracuse, NY 13203
The apartments offer separate two-bedroom and three-bedroom layouts, each with one bathroom.
Property Size2,010 SF
Price / SF$8.71
Days on Market24
Property Features for 206 Beecher St
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Multi-Unit (2-4)
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1870
Listing Agency:
Greater Syracuse Land Bank
Listed By:
Greater Syracuse Land Bank
(315) 422-2301
Source:
Gosenproperties
Added: Oct 8
Changed: Oct 28
Last Checked: Oct 28 at 4:24PM
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 Greater Syracuse Land Bank
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,010-square-foot duplex in Syracuse contains two apartments: one with two bedrooms and one bathroom, and another with three bedrooms and one bathroom. The building dates to 1870 and requires work; it is being sold in as-is condition.
The property is part of a homeownership program that requires owner occupancy or renovation followed by a sale to an owner occupant.
The property is part of a homeownership program that requires owner occupancy or renovation followed by a sale to an owner occupant.
Key Highlights
- Two apartments: one with 2 bedrooms and 1 bathroom; one with 3 bedrooms and 1 bathroom
- 2,010 square feet
- Built in 1870
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,978
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,560
$379.6K
Cap Rate 7%
$271,114
$271.1K
Cap Rate 9%
$210,867
$210.9K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$36.9K $18.36/SF
− Vacancy
−$2.4K −$1.19/SF
EGI
$34.5K $17.17/SF
− OpEx
−$15.5K −$7.72/SF
NOI
$19.0K $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%
$379,560
Cap Rate 7%
$271,114
Cap Rate 9%
$210,867
Alternative Uses
Best Use
Multifamily LT 5
$305.5K
$267.3K – $356.5K
NOI $21,387 @ 7.0% cap · market cap 122.21%
Second Best
Apartment 5plus
$271.1K
$237.2K – $316.3K
NOI $18,978 @ 7.0% cap · market cap 108.45%
Theoretical Best
Office A
$349.3K
$305.7K – $407.5K
NOI $24,452 @ 7.0% cap · market cap 139.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,989
Businesses Nearby
Explore this area
Business Placement
Demographics for 13203, NY
16,240
Population
9,092
Households
1.8
Avg Household Size
37
Median Age
28%
College-Educated
84%
High-School Grad
1.7 sq mi
ZIP Area
9,553
Density / Sq Mi
$46,526
Median Household Income
$38,240
Median Earnings
$953
Median Rent
$148,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The apartments offer separate two-bedroom and three-bedroom layouts, each with one bathroom.
Where is this duplex located?
The property is located at 206 Beecher St Syracuse, NY.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and 1 bathroom; one with 3 bedrooms and 1 bathroom; 2,010 square feet; Built in 1870
