Student Housing Apartment
423 Euclid Ave, Syracuse, NY 13210
For Sale
$1,190,000
Pending
Fully occupied apartment properties include off-street parking and coin-operated laundry.
Property Size7,924 SF
Days on Market98
Property Features for 423 Euclid Ave
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Off Street Parking
Coin op Laundry
Building Details
Buildings
Listing Agency:
Acropolis Realty Group LLC
Listed By:
Andrea Bucci · License NY 40BU0998964
(315) 396-0493
Source:
Exprealty
Added: Aug 9
Changed: Nov 11
Last Checked: Nov 12 at 10:10AM
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
Based on property information with market context.
This offering combines two Syracuse apartment properties serving student housing demand. The building at 423 Euclid Avenue contains 9 units and 15 beds, arranged as 4 one-bedroom, 4 two-bedroom, and 1 three-bedroom apartments. The property includes off-street parking and coin-operated laundry. The owner covers gas, electric, and water, while tenants pay for Wi-Fi. Flat roofs were replaced in 2024, and 2 new water heaters are scheduled for 2026.
The property at 826-28 Ackerman Avenue is a two-family building with 2 four-bedroom apartments. Tenants pay all utilities and Wi-Fi, while the owner pays water. A new roof was installed in 2023, and 1 new water heater was added in 2024. Both properties are reported as 100% occupied.
The property at 826-28 Ackerman Avenue is a two-family building with 2 four-bedroom apartments. Tenants pay all utilities and Wi-Fi, while the owner pays water. A new roof was installed in 2023, and 1 new water heater was added in 2024. Both properties are reported as 100% occupied.
Key Highlights
- 100% occupied apartment properties
- 423 Euclid Avenue includes 9 units and 15 beds
- Unit mix at 423 Euclid: 4 one‑bedroom, 4 two‑bedroom, and 1 three‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,314
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,280
$1.7M
Cap Rate 7%
$1,204,486
$1.2M
Cap Rate 9%
$936,822
$936.8K
Market Conditions
NOI Build-Up for 7,924 SF
Gross rent
$128.4K $16.20/SF
− Vacancy
−$7.9K −$1.00/SF
EGI
$120.4K $15.20/SF
− OpEx
−$36.1K −$4.56/SF
NOI
$84.3K $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%
$1,686,280
Cap Rate 7%
$1,204,486
Cap Rate 9%
$936,822
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.41M
NOI $84,314 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$1.07M
$935.2K – $1.25M
NOI $74,815 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,396 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
11
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
883
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
$167,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Syracuse, NY
Properties on Market for Apartment buildings in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment properties include off-street parking and coin-operated laundry.
Where is this apartment building located?
The property is located at 423 Euclid Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 100% occupied apartment properties; 423 Euclid Avenue includes 9 units and 15 beds; Unit mix at 423 Euclid: 4 one‑bedroom, 4 two‑bedroom, and 1 three‑bedroom apartments
