Building Details

Building Size 1,888 SF

Year Built 1943

Listing Agency: Integrated Real Estate Ser LLC

Listed By: Donald Romano · License #10301214010 Show Phone

Source: Griffith-realty

Added: Oct 9 Changed: Oct 11 Last Checked: Oct 11 at 2:41PM

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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

Investment Insights

Based on property information with market context.

This two-unit property includes a main residence with three bedrooms and an additional full bathroom on the second level. A separate two-bedroom apartment sits above the garage and has updated flooring, light fixtures, a walk-in shower, appliances, cabinets, and countertops. Improvements across the property include AC units, appliances, and a Generac system.

An attached two-car garage has a new epoxy floor, and off-street parking is available. The property was built in 1943.

Key Highlights

• Separate two‑bedroom apartment above the garage
• Main residence with three bedrooms and an additional full bathroom on the second level
• Attached two‑car garage with a new epoxy floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,089

Cap Rate

7.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$401,780 $401.8K

Cap Rate 7%

$286,986 $287.0K

Cap Rate 9%

$223,211 $223.2K

Market Conditions

NOI Build-Up for 1,888 SF

Gross rent

$30.6K $16.20/SF

− Vacancy

−$1.9K −$1.00/SF

EGI

$28.7K $15.20/SF

− OpEx

−$8.6K −$4.56/SF

NOI

$20.1K $10.64/SF

Area

Syracuse, NY

Vacancy

6.17%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$401,780

Cap Rate 7%

$286,986

Cap Rate 9%

$223,211

Alternative Uses

Best Use

Multifamily LT 5

$287.0K

$251.1K – $334.8K (±1% cap)

NOI $20,089 @ 7.0% cap · market cap 7.44%

Second Best

Apartment 5plus

$254.7K

$222.8K – $297.1K (±1% cap)

NOI $17,826 @ 7.0% cap · market cap 6.60%

Theoretical Best

Office A

$328.1K

$287.1K – $382.8K (±1% cap)

NOI $22,968 @ 7.0% cap · market cap 8.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm HVAC Service Building Supply Restaurant Auto Repair Shop Electrical Service

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

135

Businesses Nearby

Explore this area Business Placement

Demographics for 13209, NY

13,018

Population

6,374

Households

2

Avg Household Size

43

Median Age

29%

College-Educated

92%

High-School Grad

13.1 sq mi

ZIP Area

994

Density / Sq Mi

$67,307

Median Household Income

$44,812

Median Earnings

$968

Median Rent

$146,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The property pairs a three-bedroom main residence with a separate two-bedroom apartment over the garage.

Where is this duplex located?

The property is located at 313 Powell Street Geddes, NY.

What is the asking price?

The asking price for this property is $269,999.

What are key features of this property?

This property features: Separate two‑bedroom apartment above the garage; Main residence with three bedrooms and an additional full bathroom on the second level; Attached two‑car garage with a new epoxy floor