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Multifamily Property with Parking
For Sale
$225,000

503 North State Street, Syracuse, NY 13203

Income-producing multifamily asset with off-street parking and an as-is sale condition.

Property Size3,738 SF
Days on Market10

Property Features for 503 North State Street

General Information

Standard status Active
Size 3,738 SF
Property subtype Multi-Family

Additional Details

Cap Rate 14.5%

Building Details

Building Size 3,738 SF
Year Built 1890
Stories 2
Listing Agency: Acropolis Realty Group LLC
Listed By: Bradley Zimmer · License #10401351804
Source: Stacyfaunce.kw
Added: Aug 24 Changed: Aug 31 Last Checked: Sep 2 at 1:30PM

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 property was constructed in 1890 and is offered in its existing condition. Off-street parking is available on the property, providing a practical amenity for occupants and visitors.

The asset is located at 503 North State Street in Syracuse, New York. The reported cap rate is 14.5%.

Key Highlights

  • 14.5% cap rate
  • Off‑street parking available
  • Built in 1890

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Pet Store & Service Florist HVAC Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,655
Businesses Nearby

Demographics for 13203, NY

16,240
Population
9,092
Households
1.8
Avg Household Size
37
Median Age
28%
College-Educated
84%
High-School Grad
1.7 sq mi
ZIP Area
9,553
Density / Sq Mi
$46,526
Median Household Income
$38,240
Median Earnings
$953
Median Rent
$148,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Income-producing multifamily asset with off-street parking and an as-is sale condition.
Where is this multifamily property located?
The property is located at 503 North State Street Syracuse, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 14.5% cap rate; Off‑street parking available; Built in 1890
More about this property
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