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Three-Unit Residential Income Property
For Sale
$149,900
Pending

222 Shonnard St, Syracuse, NY 13204

Three separate units feature individual gas and electric service, newer furnaces, and updated mechanicals.

Property Size4,268 SF
Days on Market62

Property Features for 222 Shonnard St

General Information

Standard status Pending
Size 4,268 SF
Property subtype Multi Family

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,234

Building Details

Building Size 4,268 SF
Year Built 1920
Stories 1
Units 3
Tenancy Multi
Listing Agency: Integrated Real Estate Ser LLC
Listed By: Alan Fritz Lathrop · License #30LA0731266
Source: Elliman
Added: Jul 25 Changed: Sep 15 Last Checked: Sep 24 at 1:20PM

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 Integrated Real Estate Ser LLC

Investment Insights

Based on property information with market context.

This three-unit residential income property includes a partially renovated first-floor 4-bedroom space that has been gutted with new half-sheet rock installed and a new kitchen still in boxes. The property also includes a second-floor 4-bedroom unit and a third-floor 3-bedroom unit. Each unit has separate gas and electric, with newer vinyl windows, updated hot water tanks, and circuit breakers throughout.

The second-floor unit is listed as paying $1,500 per month, and the third-floor unit is listed as paying $900 per month. The property has three newer furnaces, with one furnace still in the box. The roof includes a brand-new fire and ice layer, with shingles needed to finish.

Water meters are split to each apartment to help monitor usage and leaks.

Key Highlights

  • 3‑unit layout with separate gas and electric for each unit
  • 2nd floor 4‑bedroom currently pays $1,500 per month ($1,036 PA)
  • 3rd floor 3‑bedroom currently pays $900 per month

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Florist Butcher Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,373
Businesses Nearby

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
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate units feature individual gas and electric service, newer furnaces, and updated mechanicals.
Where is this triplex located?
The property is located at 222 Shonnard St Syracuse, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 3‑unit layout with separate gas and electric for each unit; 2nd floor 4‑bedroom currently pays $1,500 per month ($1,036 PA); 3rd floor 3‑bedroom currently pays $900 per month
More about this property
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