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Three-Family Residential Income Property

244 Shonnard St, Syracuse, NY 13204

For Sale
$149,900
Pending

Three separate units with individual gas and electric services and multiple recent exterior and mechanical updates.

Property Size2,892 SF
Days on Market110

Property Features for 244 Shonnard St

General Information

Standard status Pending
Size 2,892 SF
Property subtype Multi Family

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,312

Building Details

Building Size 2,892 SF
Year Built 1940
Stories 2
Units 3
Listing Agency: Integrated Real Estate Ser LLC
Listed By: Alan Fritz Lathrop · License NY 30LA0731266
Source: Elliman
Added: Jul 25 Changed: Oct 26 Last Checked: Nov 10 at 8:42AM

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

Rey
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Investment Insights

Based on property information with market context.

This three-family residential income property features multiple updated systems and separation of utilities for each apartment. The building includes three updated furnaces, updated hot water tanks, circuit breakers, and newer vinyl windows. The roof has also been updated.

Each apartment has its own gas and electric service, with water meters split to each unit for monitoring usage and leaks. The property is located near a kid’s playground and park across the street.

With separate metering and updated core components, the layout is designed for straightforward tenant utility separation across three residential units.

Key Highlights

  • Building includes 3 separate units: 1st floor 4BR rents $1,100; 2nd floor 2BR rents $650 ($440 PA); 2nd floor 1BR rents $700/month
  • 3 updated furnaces plus updated hot water tanks
  • All units have separate gas and electric services

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,946
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
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Market

Average Price Trend$/SF for Triplexes in Syracuse, NY

$81.58 Jul
$90.13 Aug
$94.99 Sep
$82.21 Oct

Properties on Market for Triplexes in Syracuse

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three separate units with individual gas and electric services and multiple recent exterior and mechanical updates.
Where is this triplex located?
The property is located at 244 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: Building includes 3 separate units: 1st floor 4BR rents $1,100; 2nd floor 2BR rents $650 ($440 PA); 2nd floor 1BR rents $700/month; 3 updated furnaces plus updated hot water tanks; All units have separate gas and electric services
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