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 Market98
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: Sep 6
Last Checked: Sep 7 at 6:06AM
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
Investment Insights
Based on property information with market context.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,646
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
