2-Unit Duplex with Separate
For Sale
$230,000
Pending
231-233 East Avenue, Minoa, NY 13116
Residential, Minoa, NY
Property Size1,781 SF
Lot Size0.16 Acres
Days on Market36
Property Features for 231-233 East Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Basement, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 1
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
East Syracuse-Minoa
Middle school district
East Syracuse-Minoa
High school district
East Syracuse-Minoa
Subdivision
Minoa-Village-313805
Standard status
Pending
APN
313805-001-000-0003-016-000-0000
Size
1,781 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
7633
Utilities
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
washer/dryer hookups
front porch
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet, Laminate, Varies
Building materials
FiberCement
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(631) 926-7909
Listed By:
Sharon Kushner · License #10301224986
(917) 612-2523
Added: Sep 7
Changed: Oct 7
Last Checked: Oct 12 at 2:06PM
MLS# R1711518
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1910, this 1,781-square-foot duplex contains two residences with separate front entrances. The lower unit has two bedrooms, one bathroom, and living, dining, and kitchen areas; the upper unit has three bedrooms, one bathroom, and living and kitchen spaces. The upper residence was renovated in 2020, including its kitchen and bathroom, and has hardwood floors. An unfinished basement with two washer and dryer hookups and an unfinished attic provide additional utility. The property also includes a front porch, driveway, backyard, and shed on a 0.16-acre lot. Soffits were replaced in 2021.
Parks, the library, and a coffee shop in the Village of Minoa are within walking distance. The property is offered as-is.
Parks, the library, and a coffee shop in the Village of Minoa are within walking distance. The property is offered as-is.
Key Highlights
- Two residences with separate entrances and independent gas and electric meters
- 1,781‑square‑foot building on a 0.16‑acre lot
- Unit mix: two‑bedroom, one‑bath lower residence and three‑bedroom, one‑bath upper residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,950
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,000
$379.0K
Cap Rate 7%
$270,714
$270.7K
Cap Rate 9%
$210,556
$210.6K
Market Conditions
NOI Build-Up for 1,781 SF
Gross rent
$28.9K $16.20/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$27.1K $15.20/SF
− OpEx
−$8.1K −$4.56/SF
NOI
$19.0K $10.64/SF
Area
Onondaga County, 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%
$379,000
Cap Rate 7%
$270,714
Cap Rate 9%
$210,556
Alternative Uses
Best Use
Multifamily LT 5
$270.7K
$236.9K – $315.8K
NOI $18,950 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$240.2K
$210.2K – $280.3K
NOI $16,816 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$309.5K
$270.8K – $361.1K
NOI $21,666 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 13116, NY
3,657
Population
1,467
Households
2.5
Avg Household Size
43
Median Age
35%
College-Educated
87%
High-School Grad
1.3 sq mi
ZIP Area
2,813
Density / Sq Mi
$93,125
Median Household Income
$48,704
Median Earnings
$1,084
Median Rent
$170,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences have individual gas and electric meters, with laundry hookups available in the basement.
Where is this duplex located?
The property is located at 231-233 East Avenue Minoa, NY.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two residences with separate entrances and independent gas and electric meters; 1,781‑square‑foot building on a 0.16‑acre lot; Unit mix: two‑bedroom, one‑bath lower residence and three‑bedroom, one‑bath upper residence
