Building Details

Year Built 1900

Buildings 4

Listing Agency: Coldwell Banker Prime Prop,Inc

Listed By: Susan Li · License #30LI0956504 Show Phone

Source: Skinnercnyrealty

Added: Jul 28 Changed: Oct 10 Last Checked: Oct 16 at 1:15PM

Report an Issue

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 Coldwell Banker Prime Prop,Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This residential income portfolio includes four separate duplex properties with eight units in total. The holdings are located at 612 Kirkpatrick St., 605 Carbon St., 2409 Lodi St., and 2422 Lodi St. in Syracuse, New York. Construction dates to 1900, and the portfolio includes 2 parking spots in front of the house.

Lower-level tenants have remained in place for over 6 years, providing established occupancy history across the portfolio. Rental income is generated from the eight units, with the properties offered together as a multi-property residential investment.

Key Highlights

• Four duplex properties totaling 8 units
• Portfolio includes 612 Kirkpatrick St., 605 Carbon St., 2409 Lodi St., and 2422 Lodi St.
• 2 parking spots in front of the house

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,408

Cap Rate

3.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$388,160 $388.2K

Cap Rate 7%

$277,257 $277.3K

Cap Rate 9%

$215,644 $215.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,824 SF

Gross rent

$29.5K $16.20/SF

− Vacancy

−$1.8K −$1.00/SF

EGI

$27.7K $15.20/SF

− OpEx

−$8.3K −$4.56/SF

NOI

$19.4K $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%

$388,160

Cap Rate 7%

$277,257

Cap Rate 9%

$215,644

Alternative Uses

Best Use

Multifamily LT 5

$277.3K

$242.6K – $323.5K (±1% cap)

NOI $19,408 @ 7.0% cap · market cap 3.11%

Second Best

Apartment 5plus

$246.0K

$215.3K – $287.0K (±1% cap)

NOI $17,222 @ 7.0% cap · market cap 2.76%

Theoretical Best

Office A

$317.0K

$277.4K – $369.8K (±1% cap)

NOI $22,189 @ 7.0% cap · market cap 3.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Garden Center Florist (Bike/Boat/Book/etc) Store Locksmith Catering Service Nursing Home

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

8

Residential units

Location Intelligence

Trade Area within ½ mile

1,114

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Updated Duplex with Garage

820 Milton Ave, Syracuse, NY 13204

$274,000

1,856 SF

View details

Renovated Two-Family Property

613 Clarendon Street, Syracuse, NY 13210

$595,000

View details

Duplex with Oversized Garage

3018 Grant Boulevard, Syracuse, NY 13208

$229,900

1,740 SF

View details

2-Unit Duplex Property

407 4th St, Syracuse, NY 13209

$194,900

1,904 SF

View details

Two-Unit Duplex

113 Davis Street, Syracuse, NY 13204

$129,900

View details

Renovated Duplex with Paved Parking

101 Dillaye Ave Unit 3, Syracuse, NY 13206

$269,900

2,012 SF

View details

Two-Unit Duplex with Updated Systems

117 Merriman Ave, Syracuse, NY 13204

$149,900

View details

Two-Unit Duplex

313 Hoefler St, Syracuse, NY 13204

$129,900

View details

Duplex with Vacant Three-Bedroom Unit

219 Elliott Street, Syracuse, NY 13204

$149,900

View details

Separately Metered Duplex

810 Kirkpatrick Street, Syracuse, NY 13208

$154,900

View details

Two-Unit Duplex with Porches

114 Fairfield Ave, Syracuse, NY 13207

$135,000

1,732 SF

View details

Duplex with Renovated Lower Unit

207 Lakeview Ave, Syracuse, NY 13204

$124,900

1,960 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Four residential income properties combine into an eight-unit portfolio with established lower-level tenancy.

Where is this duplex located?

The property is located at 2409 Lodi St Syracuse, NY.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Four duplex properties totaling 8 units; Portfolio includes 612 Kirkpatrick St., 605 Carbon St., 2409 Lodi St., and 2422 Lodi St.; 2 parking spots in front of the house