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Four-Unit Multifamily with Separate Utilities
For Sale
$134,900
Pending

252 Martin Luther King W, Syracuse, NY 13205

Turnkey four-unit property with independent utilities and recent exterior and roof improvements for low-hassle operations.

Property Size4,272 SF
Days on Market55

Property Features for 252 Martin Luther King W

General Information

Standard status Pending
Size 4,272 SF
Property subtype Multi Family

Additional Details

Business Included Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $3,391

Building Details

Building Size 4,272 SF
Year Built 1920
Stories 2
Units 4
Tenancy Multi
Listing Agency:
Listed By: Kelly Suzanne Hall · License #287975
Source: Elliman
Added: Jun 20 Changed: Aug 12 Last Checked: Aug 12 at 7:49AM

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 Kelly Suzanne Hall

Investment Insights

Based on property information with market context.

This turnkey four-unit multifamily property is configured with each unit having separate utilities, including its own furnace and hot water tank. Recent major improvements include a new roof and exterior work that includes all new decking/plywood underneath, along with exterior paint. Unit 2 has additional recent upgrades, including a new hot water tank and bath tub. A Certificate of Compliance is available in the attachments, and showings require 24-48 hour notice.

Located in Syracuse, the property offers easy access to downtown, public transportation, shopping, and employment centers, supporting a variety of tenant needs.

For buyers or operators looking for a manageable residential income asset, the unit-by-unit utility setup can simplify administration and help reduce shared-system complexity. With recent roof and exterior updates already completed, the property may appeal to investors seeking a turnkey configuration with reported stable occupancy and a strong rental history.

Key Highlights

  • 4‑unit investment property built in 1920 with separate utilities for each unit
  • Each unit has its own furnace and hot water tank
  • Recent improvements include a new roof and exterior work with new decking/plywood underneath

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Garden Center Big Box & Wholesale Store

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

4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

Demographics for 13205, NY

18,834
Population
8,868
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
3.6 sq mi
ZIP Area
5,232
Density / Sq Mi
$39,171
Median Household Income
$32,711
Median Earnings
$898
Median Rent
$96,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Turnkey four-unit property with independent utilities and recent exterior and roof improvements for low-hassle operations.
Where is this quadplex located?
The property is located at 252 Martin Luther King W Syracuse, NY.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: 4‑unit investment property built in 1920 with separate utilities for each unit; Each unit has its own furnace and hot water tank; Recent improvements include a new roof and exterior work with new decking/plywood underneath
More about this property
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