Duplex Portfolio with Eight
208 Westcott Street Syracuse, NY 13210
208 Westcott Street, Syracuse, NY, 13210
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For Sale
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Portfolio of four separately parceled duplexes totaling eight units, recently upgraded with new roofs and interior finishes.
Property Size9,381 SF
Price / SF$175.89
Days on Market95
Property Features for 208 Westcott Street
General Information
- Standard status
- Active
- Size
- 9,381 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
Hunt Real Estate ERA
(315) 446-4681
Listed by
Dante Belmonte · License #NY 10401323828
Source
Crexi
Added: Apr 18 Updated: Jul 20 at 8:10PM Checked: Jul 20 at 8:10PM
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 Hunt Real Estate ERA
Investment Insights
Based on property information with market context.
This for-sale duplex portfolio consists of four individual, separately parceled duplexes totaling eight units and 33 beds. Recent capital improvements include new roofs, fresh paint throughout, luxury vinyl flooring, new white shaker cabinets with granite countertops, tile backsplashes, and stainless-steel appliances (including microwave, dishwasher, refrigerator, and oven/range). Bathrooms have been updated with new tile, bath showers, vanities, and toilets, with electrical fixtures and outlets refreshed and electrical panels/circuit breakers upgraded where needed. Furnaces and hot water heaters have also been upgraded as needed.
The parcels include addresses at 110, 208, 212, and 216 Westcott Street in Syracuse, NY 13210. In addition, the 212 Westcott parcel includes a vacant lot between 212 and 216 Westcott, known as 214 Westcott, which the remarks indicate may support additional parking or future development.
The parcels include addresses at 110, 208, 212, and 216 Westcott Street in Syracuse, NY 13210. In addition, the 212 Westcott parcel includes a vacant lot between 212 and 216 Westcott, known as 214 Westcott, which the remarks indicate may support additional parking or future development.
Key Highlights
- Portfolio of four separately parceled duplexes totaling 8 units and 33 beds (addresses on Westcott St in Syracuse, NY 13210).
- Capital expenditure upgrades include new roofs and fresh paint throughout.
- Interior updates include luxury vinyl flooring, new white shaker cabinets, granite countertops, tile backsplash, and stainless‑steel appliances (microwave, dishwasher, fridge, oven/range).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.0k | $16.20 |
| − Vacancy | −$9.4k | −$1.00 |
| EGI | $142.6k | $15.20 |
| − OpEx | −$42.8k | −$4.56 |
| NOI | $99.8k | $10.64 |
9,381 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,817 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,572 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,121 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Portfolio of four separately parceled duplexes totaling eight units, recently upgraded with new roofs and interior finishes.
Where is this duplex located?
The property is located at 208 Westcott Street Syracuse, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Portfolio of four separately parceled duplexes totaling 8 units and 33 beds (addresses on Westcott St in Syracuse, NY 13210).; Capital expenditure upgrades include new roofs and fresh paint throughout.; Interior updates include luxury vinyl flooring, new white shaker cabinets, granite countertops, tile backsplash, and stainless‑steel appliances (microwave, dishwasher, fridge, oven/range).
