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Two-Property Multifamily Portfolio
For Sale
Contact for pricing
Pending

409 Seneca Dr, Syracuse, NY 13205

Two Syracuse properties offer occupied multifamily units with subsidized rent payments and updated mechanical systems.

Property SizeContact for details
Days on Market145

Property Features for 409 Seneca Dr

General Information

Standard status Pending
Property subtype Multifamily

Building Details

Buildings 2
Listing Agency: Royal Shell Real Estate, Inc
Listed By: Frank Procopio · License #Sl3505095
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 9:01PM

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 Royal Shell Real Estate, Inc

Investment Insights

Based on property information with market context.

This multifamily offering includes two Syracuse properties: 409 Seneca Drive and 208 W Glen. The assets may be acquired together or individually. Both properties have remained occupied by tenants for three years and feature newer mechanical systems.

Rent payments are supported through subsidy programs, and current rents are approximately 15% below market levels. The offering includes access to leases, property photographs, and 2020 income and expense information through the provided Dropbox links.

Key Highlights

  • Two multifamily properties at 409 Seneca Drive and 208 W Glen
  • Available for purchase together or separately
  • Both properties have had tenants for three years

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Parking Lot & Garage Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

384
Businesses Nearby

Demographics for 13205, NY

18,834
Population
8,868
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
3.6 sq mi
ZIP Area
5,232
Density / Sq Mi
$39,171
Median Household Income
$32,711
Median Earnings
$898
Median Rent
$96,300
Median Home Value

Market

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 - Two Syracuse properties offer occupied multifamily units with subsidized rent payments and updated mechanical systems.
Where is this multifamily property located?
The property is located at 409 Seneca Dr Syracuse, NY.
What are key features of this property?
This property features: Two multifamily properties at 409 Seneca Drive and 208 W Glen; Available for purchase together or separately; Both properties have had tenants for three years
(239) 206-6577 Call to check price and availability
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