6-Unit Mixed-Use
4606 S Salina Street, Syracuse, NY 13205
For Sale
New
$725,000
Four two-bedroom apartments sit alongside two retail spaces, with separate utilities serving the units.
Property Size6,300 SF
Price / SF$115.08
Days on Market1
Property Features for 4606 S Salina Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Traffic Count
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Full
Hardwood,Varies
Yes
No
2
8
Rectangular,RectangularLot,ResidentialLot
Connected,Public
0.1364
45X132
None,Driveway,NoGarage
BlacktopDriveway
CityStreet,MainThoroughfare
6300.0
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
CNY Broker LLC
Listed By:
Lindsey Lancette · License NY #10401398298
(315) 706-7743
Source:
Updegraffgroup
Added: Nov 13
Last Checked: Nov 13 at 1:41PM
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 CNY Broker LLC
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Investment Insights
Based on property information with market context.
This 6,300-square-foot mixed-use property contains four two-bedroom apartments and two retail spaces. Renovations completed in 2024 included a roof replacement and updated kitchens and bathrooms in each apartment. The building was constructed in 1950, and each unit has separate utilities. Rear parking is available on the 0.1364-acre parcel.
Jackson Hewitt signed a three-year lease extension with an option and has relinquished the right-side retail space. The property is zoned MX-2, and average daily traffic on South Salina Street exceeds 13,000 vehicles. The available retail space could be used for an owner’s business or leased for additional income.
Jackson Hewitt signed a three-year lease extension with an option and has relinquished the right-side retail space. The property is zoned MX-2, and average daily traffic on South Salina Street exceeds 13,000 vehicles. The available retail space could be used for an owner’s business or leased for additional income.
Key Highlights
- Six‑unit property with four two‑bedroom apartments and two retail spaces
- 6,300 square feet on a 0.1364‑acre parcel
- 2024 work included a new roof and updated apartment kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,482
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,640
$1.2M
Cap Rate 7%
$849,743
$849.7K
Cap Rate 9%
$660,911
$660.9K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$115.7K $18.36/SF
− Vacancy
−$7.5K −$1.19/SF
EGI
$108.1K $17.17/SF
− OpEx
−$48.7K −$7.72/SF
NOI
$59.5K $9.44/SF
Area
Syracuse, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,189,640
Cap Rate 7%
$849,743
Cap Rate 9%
$660,911
Alternative Uses
Best Use
Apartment 5plus
$849.7K
$743.5K – $991.4K
NOI $59,482 @ 7.0% cap · market cap 8.20%
Second Best
Mixed Use
$807.3K
$706.4K – $941.9K
NOI $56,511 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.09M
$958.0K – $1.28M
NOI $76,640 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
13,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Mixed-use properties in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four two-bedroom apartments sit alongside two retail spaces, with separate utilities serving the units.
Where is this mixed-use property located?
The property is located at 4606 S Salina Street Syracuse, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Six‑unit property with four two‑bedroom apartments and two retail spaces; 6,300 square feet on a 0.1364‑acre parcel; 2024 work included a new roof and updated apartment kitchens and bathrooms
