308 Erie Street, Syracuse, NY 13204

Building Details

Building Size 2,528 SF More

Year Built 1900 More

Stories 2 More

Listing Agency: Coldwell Banker Prime Prop,Inc

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

Source: Stacyfaunce.kw

Added: Mar 18, 2024 Changed: Nov 11 Last Checked: Nov 14 at 2:14AM

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Investment Insights

Based on property information with market context.

This multifamily property is part of a package of six properties totaling 16 units, which includes addresses at 1864 Bellevue St., 314 Grant Ave., 313 Liberty St., 517 Geddes St., and 290 W. Seneca Tpke. The entire package is listed for $935,000. The property is currently tenant-occupied, requiring 48 hours' notice for showings. The rents are considered low for the area, presenting an opportunity for increased revenue and return on investment.

Key Highlights

• Part of a 6‑property, 16‑unit package
• Package listed for $935,000
• Upside growth potential in rents

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

697

Businesses Nearby

Explore this area Business Placement

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

Market

Average Price Trend$/SF for Multifamily properties in Syracuse, NY

$104 Jul

$90.69 Aug

$96.9 Sep

$94.97 Oct

Properties on Market for Multifamily properties in Syracuse

Jul

Aug

Sep

Oct

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?

Multifamily property - Multifamily property with upside potential in Syracuse, NY.

Where is this multifamily property located?

The property is located at 308 Erie Street Syracuse, NY.

What is the asking price?

The asking price for this property is $87,500.

What are key features of this property?

This property features: Part of a 6‑property, 16‑unit package; Package listed for $935,000; Upside growth potential in rents