4810 W Seneca Syracuse, NY 13215

Building Details

Year Built

1985

Listing Agency Acropolis Realty Group LLC j***@acropolisrealtygroup.com Show Phone

Listed by Jonathan LaSala · License #10301218799 Show Phone

Source Elliman

Added: Apr 15 Checked: Jul 19 at 5:36 am

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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.

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FAQs

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.