Occupied Three-Unit
212 Craton St, Syracuse, NY 13203
For Sale
$269,000
Two-story configuration includes a two-bedroom residence, two one-bedroom residences, and shared basement laundry.
Property Size1,656 SF
Days on Market58
Property Features for 212 Craton St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Catherine Kissel
(315) 396-0493
Source:
Elliman
Added: Sep 18
Changed: Nov 10
Last Checked: Nov 12 at 7:50AM
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 Catherine Kissel
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Investment Insights
Based on property information with market context.
This 1920 triplex contains three residential units arranged across two floors. The first floor has one 2-bedroom, 1-bath apartment, while the second floor includes two 1-bedroom, 1-bath apartments. Shared laundry facilities are located in the basement. All three units are currently occupied, and the existing tenants have been screened with consistent rental histories and no missed rent payments during their current tenancies.
The property is located at 212 Craton Street in Syracuse, with access to James Street, I-690, Downtown Syracuse, Syracuse University, shopping, dining, and other city amenities. Walk Score is 75, Bike Score is 54, and Transit Score is 37.
The property is located at 212 Craton Street in Syracuse, with access to James Street, I-690, Downtown Syracuse, Syracuse University, shopping, dining, and other city amenities. Walk Score is 75, Bike Score is 54, and Transit Score is 37.
Key Highlights
- Three‑unit property with one 2‑bedroom unit and two 1‑bedroom units
- All three units are fully tenant occupied
- 1, 2‑bedroom, 1‑bath unit on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,620
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,400
$352.4K
Cap Rate 7%
$251,714
$251.7K
Cap Rate 9%
$195,778
$195.8K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$26.8K $16.20/SF
− Vacancy
−$1.7K −$1.00/SF
EGI
$25.2K $15.20/SF
− OpEx
−$7.6K −$4.56/SF
NOI
$17.6K $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%
$352,400
Cap Rate 7%
$251,714
Cap Rate 9%
$195,778
Alternative Uses
Best Use
Multifamily LT 5
$251.7K
$220.3K – $293.7K
NOI $17,620 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$223.4K
$195.4K – $260.6K
NOI $15,635 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$287.8K
$251.8K – $335.8K
NOI $20,145 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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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
$148,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Syracuse, NY
Properties on Market for Triplexes in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two-story configuration includes a two-bedroom residence, two one-bedroom residences, and shared basement laundry.
Where is this triplex located?
The property is located at 212 Craton St Syracuse, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Three‑unit property with one 2‑bedroom unit and two 1‑bedroom units; All three units are fully tenant occupied; 1, 2‑bedroom, 1‑bath unit on the first floor
