Renovated Duplex with Two
For Sale
$154,900
Pending
209 Lakeview Avenue, Syracuse, NY 13204
Two leased apartments offer eat-in kitchens, living rooms, and full bathrooms.
Property Size1,400 SF
Days on Market152
Property Features for 209 Lakeview Avenue
General Information
Standard status
Pending
Size
1,400 SF
Property subtype
Multi-Family
Building Details
Building Size
1,400 SF
Year Built
1900
Stories
2
Listing Agency:
Acropolis Realty Group LLC
Listed By:
Bradley Zimmer · License #10401351804
(315) 396-0493
Source:
Stacyfaunce.kw
Added: May 21
Changed: Oct 6
Last Checked: Oct 19 at 3:45AM
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 Acropolis Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 1900 and renovated, this duplex contains two 2-bedroom apartments. Each unit includes an eat-in kitchen, living room, and full bathroom, creating a straightforward two-unit residential income property configuration.
The property is fully leased and positioned in Syracuse’s Westside/Geddes neighborhood, one block from North Geddes Street. Parks, shopping, and public transportation are nearby. The offering is associated with a 15% cap rate and may suit an investor or owner-occupant seeking a two-unit property.
The property is fully leased and positioned in Syracuse’s Westside/Geddes neighborhood, one block from North Geddes Street. Parks, shopping, and public transportation are nearby. The offering is associated with a 15% cap rate and may suit an investor or owner-occupant seeking a two-unit property.
Key Highlights
- Two 2‑bedroom apartments in a duplex configuration
- Renovated property built in 1900
- Each apartment includes an eat‑in kitchen, living room, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,218
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,360
$264.4K
Cap Rate 7%
$188,829
$188.8K
Cap Rate 9%
$146,867
$146.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.7K $18.36/SF
− Vacancy
−$1.7K −$1.19/SF
EGI
$24.0K $17.17/SF
− OpEx
−$10.8K −$7.72/SF
NOI
$13.2K $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%
$264,360
Cap Rate 7%
$188,829
Cap Rate 9%
$146,867
Alternative Uses
Best Use
Multifamily LT 5
$212.8K
$186.2K – $248.3K
NOI $14,896 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$188.8K
$165.2K – $220.3K
NOI $13,218 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$243.3K
$212.9K – $283.9K
NOI $17,031 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
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Business Placement
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased apartments offer eat-in kitchens, living rooms, and full bathrooms.
Where is this duplex located?
The property is located at 209 Lakeview Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Two 2‑bedroom apartments in a duplex configuration; Renovated property built in 1900; Each apartment includes an eat‑in kitchen, living room, and full bathroom
