Fully Furnished Triplex with
For Sale
$560,000
Pending
415 Stratford Street, Syracuse, NY 13210
All three units are fully furnished with in-unit washer/dryer and onsite parking, with tenants paying gas and electric.
Property Size4,008 SF
Days on Market145
Property Features for 415 Stratford Street
General Information
Standard status
Pending
Size
4,008 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$13,129
Building Details
Building Size
4,008 SF
Year Built
1916
Listing Agency:
Acropolis Realty Group LLC
Listed By:
Andrea Bucci · License #40BU0998964
(315) 396-0493
Source:
Griffith-realty
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 23 at 5:03PM
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 Acropolis Realty Group LLC
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Investment Insights
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This for-sale triplex features three fully furnished units, each set up with large flat screen smart TVs, blackout curtains, and living room and bedroom furniture. Bedrooms include deadbolt locks, and ceiling lights plus a washer/dryer are provided in every unit. Onsite parking is available for all units.
The property is described as a short walk to campus. WalkScore is listed at 69 (somewhat walkable) and BikeScore is 52 (bikeable), with a TransitScore of 42.
Tenants pay gas and electric. The published rent information is $675 per person per month for eight months, along with a one-time yearly CAM fee of $2,400.
The property is described as a short walk to campus. WalkScore is listed at 69 (somewhat walkable) and BikeScore is 52 (bikeable), with a TransitScore of 42.
Tenants pay gas and electric. The published rent information is $675 per person per month for eight months, along with a one-time yearly CAM fee of $2,400.
Key Highlights
- Built in 1916
- All 3 units are fully furnished with living room and bedroom TVs, blackout curtains, and furniture
- Each unit includes in‑unit washer/dryer and ceiling lights in every room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,646
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,920
$852.9K
Cap Rate 7%
$609,229
$609.2K
Cap Rate 9%
$473,844
$473.8K
Market Conditions
NOI Build-Up for 4,008 SF
Gross rent
$64.9K $16.20/SF
− Vacancy
−$4.0K −$1.00/SF
EGI
$60.9K $15.20/SF
− OpEx
−$18.3K −$4.56/SF
NOI
$42.6K $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%
$852,920
Cap Rate 7%
$609,229
Cap Rate 9%
$473,844
Alternative Uses
Best Use
Multifamily LT 5
$609.2K
$533.1K – $710.8K
NOI $42,646 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$540.6K
$473.0K – $630.7K
NOI $37,842 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$696.5K
$609.5K – $812.6K
NOI $48,758 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
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Demographics for 13210, NY
23,150
Population
9,774
Households
2.4
Avg Household Size
27
Median Age
50%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
6,092
Density / Sq Mi
$38,783
Median Household Income
$20,554
Median Earnings
$1,081
Median Rent
$167,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three units are fully furnished with in-unit washer/dryer and onsite parking, with tenants paying gas and electric.
Where is this triplex located?
The property is located at 415 Stratford Street Syracuse, NY.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Built in 1916; All 3 units are fully furnished with living room and bedroom TVs, blackout curtains, and furniture; Each unit includes in‑unit washer/dryer and ceiling lights in every room
