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6-Unit Apartment Building
New
For Sale
$649,000

405 Cogswell Ave, Geddes, NY 13209

Fully occupied multifamily property with tenant-paid apartment utilities and convenient access to Route 690.

Property Size7,898 SF
Days on Market3

Property Features for 405 Cogswell Ave

General Information

Standard status Active
Size 7,898 SF
Property subtype Investment
Occupancy 100%

Additional Details

Gross Income $79,620
Highway Access Yes
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $9,980

Building Details

Building Size 7,898 SF
Year Built 1960
Stories 2
Units 6
Tenancy Multi
Listing Agency: Procopio Real Estate
Listed By: Ryan Yamini · License #10301217122
Source: Elliman
Added: Sep 16 Changed: Sep 17 Last Checked: Sep 17 at 2:52AM

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 Procopio Real Estate

Investment Insights

Based on property information with market context.

This 6-unit apartment property, built in 1960, is currently 100% occupied. The building provides an established residential income configuration with each tenant responsible for apartment utilities, including heat, electric, and cable.

The property is located at 405 Cogswell Ave in Geddes, NY 13209, with connections to Route 690, Fairmount retail centers, Downtown Syracuse, area hospitals, and major employers. The location records a bike score of 25, described as Somewhat Bikeable, and a walk score of 5, described as Car-Dependent.

Key Highlights

  • 6‑unit apartment property built in 1960
  • Currently 100% occupied
  • Tenants pay their own heat, electric, and cable

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market

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

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

261
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Apartment building - Fully occupied multifamily property with tenant-paid apartment utilities and convenient access to Route 690.
Where is this apartment building located?
The property is located at 405 Cogswell Ave Geddes, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 6‑unit apartment property built in 1960; Currently 100% occupied; Tenants pay their own heat, electric, and cable
More about this property
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