Multifamily Investment with Development
For Sale
$999,999
4810 W Seneca, Syracuse, NY 13215
100% leased multifamily portfolio with income and development upside.
Property SizeContact for details
Days on Market113
Property Features for 4810 W Seneca
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1985
Listing Agency:
Acropolis Realty Group LLC
(315) 396-0493
Listed By:
Jonathan LaSala · License #10301218799
(315) 396-0493
Source:
Elliman
Added: Apr 15
Changed: Jul 10
Last Checked: Aug 5 at 11:17AM
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 multifamily investment opportunity is 100% leased and offers both immediate income and long-term development potential within a strong residential corridor of Syracuse. The offering includes three contiguous parcels located at 4810, 4816, and 4820 W Seneca Turnpike. The property at 4810 W Seneca Turnpike is a 7-unit multifamily building that generates stable rental income. The properties at 4816–4820 W Seneca Turnpike comprise a 3-unit, 15-bed dorm-style asset featuring multiple kitchens and bathrooms, suitable for student or group housing. The portfolio provides a yield plus upside profile, allowing for the maintenance of strong in-place cash flow while exploring commercial rezoning or higher-density multifamily redevelopment. The property is positioned in a high-traffic corridor with strong accessibility, benefiting from both residential demand and commercial viability. The bike score is 19, indicating it is somewhat bikeable, and the walk score is 31, indicating car dependence. This property is suitable for investors seeking current yield with long-term upside.
Key Highlights
- 100% Leased, providing immediate income.
- Significant future development potential due to three contiguous parcels.
- Compelling yield + upside profile, allowing for strong cash flow.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 13215, NY
15,007
Population
5,925
Households
2.5
Avg Household Size
44
Median Age
49%
College-Educated
97%
High-School Grad
33.5 sq mi
ZIP Area
448
Density / Sq Mi
$112,328
Median Household Income
$60,559
Median Earnings
$1,254
Median Rent
$272,500
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?
Apartment building - 100% leased multifamily portfolio with income and development upside.
Where is this apartment building located?
The property is located at 4810 W Seneca Syracuse, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 100% Leased, providing immediate income.; Significant future development potential due to three contiguous parcels.; Compelling yield + upside profile, allowing for strong cash flow.
