Two-Unit Duplex with
New
For Sale
$180,000
310 Willumae Drive, Syracuse, NY 13208
MULTI_FAMILY - Other - Syracuse, NY
Property Size1,751 SF
Lot Size0.14 Acres
Price / SF$102.80
Days on Market2
Property Features for 310 Willumae Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential 2 Unit
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Basement, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
Garage
Exterior features
Fence
Fencing
Fenced
Appliances
GasWaterHeater
Subdivision
Bainbridge Tr
Lot features
Rectangular, Rectangular Lot
Elementary school district
Syracuse
Middle school district
Syracuse
High school district
Syracuse
Directions
Turn on to Turtle Street from Grant Boulevard. Off of Turtle Street turn onto Willumae Drive. Look for the Berkshire Hathaway HomeServices CNY Realty sign.
Standard status
Active
APN
311500-003-000-0018-033-000-0000
Size
1,751 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4361
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
detached garage
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Tile, Varies
Building materials
VinylSiding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway CNY Realty · Berkshire Hathaway HomeServices
(315) 685-7011
Listed By:
Cheryl St. Fleur · License #10301224790
(315) 283-4250
Added: Aug 16
Last Checked: Aug 17 at 12:06AM
MLS# S1707394
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1940, this duplex contains approximately 1,751 square feet arranged as two separate residences. The first unit includes two bedrooms, one full bathroom, and a spacious living area, while the second offers one bedroom and one full bathroom. A basement adds storage or utility space, and the detached garage provides parking and additional storage. Vinyl siding, a shingle roof, forced-air natural gas heat, and a gas water heater are among the property features. Public water service is in place, and the lot includes fencing.
Located at 310 Willumae Drive in Syracuse, the property is near shopping, dining, transportation, and major roadways. The two-unit configuration provides distinct living areas within one building and may accommodate an owner-occupant arrangement or rental use, as supported by the existing layout.
Located at 310 Willumae Drive in Syracuse, the property is near shopping, dining, transportation, and major roadways. The two-unit configuration provides distinct living areas within one building and may accommodate an owner-occupant arrangement or rental use, as supported by the existing layout.
Key Highlights
- Two separate units with 3 bedrooms and 2 full bathrooms
- Approximately 1,751 square feet on a 0.14‑acre lot
- Detached garage provides parking and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,532
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$330,640
$330.6K
Cap Rate 7%
$236,171
$236.2K
Cap Rate 9%
$183,689
$183.7K
Market Conditions
NOI Build-Up for 1,751 SF
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.
Gross rent
$32.1K $18.36/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$30.1K $17.17/SF
− OpEx
−$13.5K −$7.72/SF
NOI
$16.5K $9.44/SF
Area
Syracuse, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$330,640
Cap Rate 7%
$236,171
Cap Rate 9%
$183,689
Alternative Uses
Best Use
Multifamily LT 5
$266.2K
$232.9K – $310.5K
NOI $18,631 @ 7.0% cap · market cap 10.35%
Second Best
Apartment 5plus
$236.2K
$206.7K – $275.5K
NOI $16,532 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$304.3K
$266.3K – $355.0K
NOI $21,301 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences support flexible occupancy, with additional parking and storage in the detached garage.
Where is this duplex located?
The property is located at 310 Willumae Drive Syracuse, NY.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Two separate units with 3 bedrooms and 2 full bathrooms; Approximately 1,751 square feet on a 0.14‑acre lot; Detached garage provides parking and additional storage
