Duplex with Two-Car
New
For Sale
$299,900
2207 Grant Boulevard, Syracuse, NY 13208
The property combines a five-bedroom residence with a separate one-bedroom apartment and basement living space.
Property Size2,552 SF
Days on Market3
Property Features for 2207 Grant Boulevard
General Information
Standard status
Active
Size
2,552 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 5BR/2BA, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
private backyard
Building Details
Building Size
2,552 SF
Year Built
1915
Stories
2
Listing Agency:
Hunt Real Estate ERA
Listed By:
Teri Scheirer · License #10401284473
(315) 294-2416
Source:
Stacyfaunce.kw
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 4 at 2:56PM
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
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.
Built in 1915, this duplex contains a five-bedroom main residence with two full bathrooms and a separate one-bedroom apartment. The basement adds a living room, a kitchen area, and space for up to three possible bedrooms. A private backyard and a two-car garage are also part of the property.
At 2207 Grant Boulevard in Syracuse, the property is near bus lines, NBT Stadium, The Palace Theatre, and other entertainment venues. Both units are scheduled to be vacant by closing.
At 2207 Grant Boulevard in Syracuse, the property is near bus lines, NBT Stadium, The Palace Theatre, and other entertainment venues. Both units are scheduled to be vacant by closing.
Key Highlights
- Main residence offers 5 bedrooms and 2 full bathrooms
- Separate apartment has 1 bedroom
- Basement includes a living room, kitchen area, and 3 possible bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,154
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,080
$543.1K
Cap Rate 7%
$387,914
$387.9K
Cap Rate 9%
$301,711
$301.7K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$41.3K $16.20/SF
− Vacancy
−$2.6K −$1.00/SF
EGI
$38.8K $15.20/SF
− OpEx
−$11.6K −$4.56/SF
NOI
$27.2K $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%
$543,080
Cap Rate 7%
$387,914
Cap Rate 9%
$301,711
Alternative Uses
Best Use
Multifamily LT 5
$387.9K
$339.4K – $452.6K
NOI $27,154 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$344.2K
$301.2K – $401.6K
NOI $24,095 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$443.5K
$388.1K – $517.4K
NOI $31,045 @ 7.0% cap · market cap 10.35%
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
448
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a five-bedroom residence with a separate one-bedroom apartment and basement living space.
Where is this duplex located?
The property is located at 2207 Grant Boulevard Syracuse, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Main residence offers 5 bedrooms and 2 full bathrooms; Separate apartment has 1 bedroom; Basement includes a living room, kitchen area, and 3 possible bedrooms
