Two-Unit Duplex with Rear
2422 Lodi Street Syracuse, NY 13208
2422 Lodi Street, Syracuse, NY, 13208
$625,000
For Sale
$625,000
Fully rented duplex featuring a rear 1-car garage and separate 4-bedroom and 2-bedroom units with tenant-paid utilities.
Property Size2,320 SF
Price / SF$269.40
Days on Market89
Property Features for 2422 Lodi Street
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1840
Listing agency
Coldwell Banker Prime Prop,Inc
(315) 446-2910
Listed by
Susan Li · License #30LI0956504
(315) 446-2910
Source
Xome
Added: Apr 25 Updated: Jul 21 at 1:23AM Checked: Jul 22 at 3:51AM
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
Investment Insights
Based on property information with market context.
This two-unit duplex is fully rented and offers a rear 1-car garage. The downstairs unit is a 4-bedroom layout that has been in place for numerous years, while the upstairs unit features a 2-bedroom configuration that has been updated. Tenants pay their own utilities, and hot water heaters for both units are under six years old.
The property is being offered as part of a four-property portfolio that includes 612 Kirkpatrick St, 605 Carbon St, 2409 Lodi St, and 2422 Lodi St. Together, the portfolio has total rent rolls of $8,050 per month.
At 2422 Lodi Street in Syracuse, NY, the building presents a straightforward income-focused configuration with separate unit layouts and operational expenses handled by tenants for utilities and hot water.
The property is being offered as part of a four-property portfolio that includes 612 Kirkpatrick St, 605 Carbon St, 2409 Lodi St, and 2422 Lodi St. Together, the portfolio has total rent rolls of $8,050 per month.
At 2422 Lodi Street in Syracuse, NY, the building presents a straightforward income-focused configuration with separate unit layouts and operational expenses handled by tenants for utilities and hot water.
Key Highlights
- Fully rented 2‑unit duplex with separate 4‑bedroom downstairs unit and 2‑bedroom upstairs unit
- Total $8,050/month rent roll; tenants pay their own utilities and hot water heaters
- Rear 1‑car garage with gravel parking and deck patio area
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.6k | $16.20 |
| − Vacancy | −$2.3k | −$1.00 |
| EGI | $35.3k | $15.20 |
| − OpEx | −$10.6k | −$4.56 |
| NOI | $24.7k | $10.64 |
2,320 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.7K
$308.6K – $411.4K
NOI $24,686 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$312.9K
$273.8K – $365.1K
NOI $21,905 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$403.2K
$352.8K – $470.4K
NOI $28,223 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully rented duplex featuring a rear 1-car garage and separate 4-bedroom and 2-bedroom units with tenant-paid utilities.
Where is this duplex located?
The property is located at 2422 Lodi Street 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: Fully rented 2‑unit duplex with separate 4‑bedroom downstairs unit and 2‑bedroom upstairs unit; Total $8,050/month rent roll; tenants pay their own utilities and hot water heaters; Rear 1‑car garage with gravel parking and deck patio area
