Leased Apartment
For Sale
$999,999
4810 West Seneca Turnpike, Syracuse, NY 13215
Fully occupied multifamily property with apartment units, dorm-style housing, and multiple kitchens and bathrooms.
Property Size7,206 SF
Price / SF$138.77
Days on Market324
Property Features for 4810 West Seneca Turnpike
General Information
Standard status
Active
Size
7,206 SF
Property subtype
Residential Income / Commercial
Occupancy
100%
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$20,775
Amenities
Two
Electric, Gas, Baseboard, Forced Air
Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
Yes
No
7206.0
Coin Operated
Hardwood, Laminate, Luxury Vinyl, Tile, Varies
None, Partially Finished
7
Asphalt, Metal
Blacktop Driveway, Deck
Laundry Facilities
Vinyl Siding, Wood Siding
Deck, Open, Porch
Building Details
Year Built
1985
Stories
2
Listing Agency:
Acropolis Realty Group LLC
Listed By:
Jonathan LaSala · License #10301218799
(315) 396-0493
Source:
Compass
Added: Nov 27, 2025
Changed: Oct 10
Last Checked: Oct 16 at 10:59AM
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 multifamily offering combines a 7-unit apartment building with a separate 3-unit, 15-bed dorm-style property. The buildings provide multiple kitchens and bathrooms, along with on-site laundry facilities. Interior finishes include hardwood, laminate, luxury vinyl, and tile flooring, while heating is provided by electric, gas, baseboard, and forced-air systems. The property was built in 1985 and encompasses 7,206 square feet.
The offering includes three contiguous parcels at 4810, 4816, and 4820 West Seneca Turnpike in Syracuse, within Onondaga County. The site has access from a blacktop driveway and includes decks, porches, and open exterior areas. All units are currently leased, providing an existing multifamily income stream across the apartment and dorm-style components.
The offering includes three contiguous parcels at 4810, 4816, and 4820 West Seneca Turnpike in Syracuse, within Onondaga County. The site has access from a blacktop driveway and includes decks, porches, and open exterior areas. All units are currently leased, providing an existing multifamily income stream across the apartment and dorm-style components.
Key Highlights
- 100% leased multifamily offering across apartment and dorm‑style housing
- 7‑unit multifamily building at 4810 West Seneca Turnpike
- 3‑unit, 15‑bed dorm‑style property at 4816–4820 W Seneca Turnpike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,674
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,533,480
$1.5M
Cap Rate 7%
$1,095,343
$1.1M
Cap Rate 9%
$851,933
$851.9K
Market Conditions
NOI Build-Up for 7,206 SF
Gross rent
$116.7K $16.20/SF
− Vacancy
−$7.2K −$1.00/SF
EGI
$109.5K $15.20/SF
− OpEx
−$32.9K −$4.56/SF
NOI
$76.7K $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%
$1,533,480
Cap Rate 7%
$1,095,343
Cap Rate 9%
$851,933
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$958.4K – $1.28M
NOI $76,674 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$971.9K
$850.5K – $1.13M
NOI $68,036 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,662 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with apartment units, dorm-style housing, and multiple kitchens and bathrooms.
Where is this apartment building located?
The property is located at 4810 West Seneca Turnpike 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 multifamily offering across apartment and dorm‑style housing; 7‑unit multifamily building at 4810 West Seneca Turnpike; 3‑unit, 15‑bed dorm‑style property at 4816–4820 W Seneca Turnpike
