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Three-Unit Apartment Building with Separate Meters
For Sale
$149,900

251 Lilac Street, Syracuse, NY 13208

Three residential units offer separately metered utilities with tenants responsible for their own gas and electric service.

Property Size2,475 SF
Days on Market8

Property Features for 251 Lilac Street

General Information

Standard status Active
Size 2,475 SF
Property subtype Multi Family

Units

Unit Mix 1 x 1BR, 1 x 2BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,934

Building Details

Building Size 2,475 SF
Year Built 1900
Listing Agency: Hunt Real Estate ERA
Listed By: Dante Belmonte · License #10401323828
Source: Griffith-realty
Added: Aug 21 Changed: Aug 28 Last Checked: Aug 25 at 8:01AM

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 Hunt Real Estate ERA

Investment Insights

Based on property information with market context.

Built in 1900, this three-unit apartment property includes separately metered residential units. The unit mix includes one one-bedroom apartment and one two-bedroom apartment, while the third unit’s bedroom count is not specified. Each residence is occupied under a month-to-month arrangement.

Located at 251 Lilac Street in Syracuse, NY 13208, the property uses tenant-paid gas and electric service, allowing utility responsibility to remain with the occupants. The three-unit configuration provides a compact multifamily format for continued residential occupancy.

Key Highlights

  • Three‑unit apartment property at 251 Lilac Street, Syracuse, NY 13208
  • Separate meters serve the residential units
  • Unit mix includes 1‑bedroom and 2‑bedroom apartments

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Garden Center Florist Parking Lot & Garage Pet Store & Service (Bike/Boat/Book/etc) Store Locksmith

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

Location Intelligence

Trade Area within ½ mile

1,510
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units offer separately metered utilities with tenants responsible for their own gas and electric service.
Where is this triplex located?
The property is located at 251 Lilac Street 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: Three‑unit apartment property at 251 Lilac Street, Syracuse, NY 13208; Separate meters serve the residential units; Unit mix includes 1‑bedroom and 2‑bedroom apartments
More about this property
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