Two-Home Duplex
3728 New Court Avenue, Syracuse, NY 13206
For Sale
New
$300,000
Separate heating systems and utility meters serve each residence.
Property Size2,875 SF
Price / SF$104.35
Days on Market2
Property Features for 3728 New Court Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Utilities to Site
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
storage garage
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Canaan Realty
Listed By:
Allen T. Olmsted · License #37OL0750434
(315) 374-1032
Source:
Geracerealty
Added: Nov 8
Last Checked: Nov 8 at 4:49PM
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 Canaan Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property includes two homes totaling 2,875 square feet. The larger residence has three bedrooms, one and a half baths, a full basement, and attic space. The second home has one bedroom and one bath, with a refrigerator and gas stove. A storage garage is also on the property.
Each residence has its own heating system, gas and electric meters, and a 40-gallon gas water heater. Water is billed jointly, while tenants pay their own gas and electricity. The property is near shopping, dining, schools, and major commuter routes.
Each residence has its own heating system, gas and electric meters, and a 40-gallon gas water heater. Water is billed jointly, while tenants pay their own gas and electricity. The property is near shopping, dining, schools, and major commuter routes.
Key Highlights
- Two residences totaling 2,875 square feet
- Main home: 3 bedrooms, 1.5 baths, full basement, and attic space
- Second home: 1 bedroom and 1 bath; includes a refrigerator and gas stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,145
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,900
$542.9K
Cap Rate 7%
$387,786
$387.8K
Cap Rate 9%
$301,611
$301.6K
Market Conditions
NOI Build-Up for 2,875 SF
Gross rent
$52.8K $18.36/SF
− Vacancy
−$3.4K −$1.19/SF
EGI
$49.4K $17.17/SF
− OpEx
−$22.2K −$7.72/SF
NOI
$27.1K $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 Rate 5%
$542,900
Cap Rate 7%
$387,786
Cap Rate 9%
$301,611
Alternative Uses
Best Use
Multifamily LT 5
$437.0K
$382.4K – $509.9K
NOI $30,591 @ 7.0% cap · market cap 10.20%
Second Best
Apartment 5plus
$387.8K
$339.3K – $452.4K
NOI $27,145 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,975 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 13206, NY
16,599
Population
8,460
Households
2
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,049
Density / Sq Mi
$60,314
Median Household Income
$40,429
Median Earnings
$952
Median Rent
$130,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Syracuse, NY
Properties on Market for Duplexes in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate heating systems and utility meters serve each residence.
Where is this duplex located?
The property is located at 3728 New Court Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two residences totaling 2,875 square feet; Main home: 3 bedrooms, 1.5 baths, full basement, and attic space; Second home: 1 bedroom and 1 bath; includes a refrigerator and gas stove
