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Syracuse Duplex Investment Opportunity

505 Carbon St, Syracuse, NY 13208

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For Sale

$134,900

Well-maintained duplex near St. Joseph’s Hospital and downtown.

Type:Multi-Family

Property size:

900 SF

Price / SF:

$149/SF

HighLights

High‑demand rental market with $2150 monthly gross rental income.
Well‑maintained duplex featuring two spacious 2‑bedroom, 1‑bath units.
Recent updates include newer siding, newer roof, and upgraded plumbing.
Prime location near St. Joseph’s Hospital, downtown amenities, and major highways.
Turn‑key condition, ready for immediate occupancy or rental.
Durable vinyl exterior and rectangular lot.

We can help!

Contact an agent

Michael Jarvi

For Sale

$134,900

Well-maintained duplex near St. Joseph’s Hospital and downtown.

Type:Multi-Family

Property size:

900 SF

Price / SF:

$149/SF

Added:: Oct 5, 2025
Days on Market:: 270
Last Refresh:: May 12 at 9:18 pm

Property Features for 505 Carbon St

General Information

Standard status: Active
Size: 900 SF
Property subtype: Multi-Family

Building Details

Year Built: 1910

We can help!

Contact an agent

Michael Jarvi

Listing office The O'Hara Group

Listing date Oct 5, 2025

Source Xome

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 The O'Hara Group

HighLights

High‑demand rental market with $2150 monthly gross rental income.
Well‑maintained duplex featuring two spacious 2‑bedroom, 1‑bath units.
Recent updates include newer siding, newer roof, and upgraded plumbing.
Prime location near St. Joseph’s Hospital, downtown amenities, and major highways.
Turn‑key condition, ready for immediate occupancy or rental.
Durable vinyl exterior and rectangular lot.

Overview

This well-maintained duplex presents an investment opportunity in Syracuse’s Northside. The property features two spacious units, each containing 2 bedrooms and 1 full bath. Recent updates include newer siding, a newer roof, and upgraded plumbing. The property is ideally located near St. Joseph’s Hospital, downtown amenities, and major highways. The property size is 900 square feet. The property grosses $2150 monthly in rental income.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$14.6k	$16.20
− Vacancy	−$900	−$1.00
EGI	$13.7k	$15.20
− OpEx	−$4.1k	−$4.56
NOI	$9.6k	$10.64

900 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$136.8K

$119.7K – $159.6K (±1% cap)

NOI $9,576 @ 7.0% cap · market cap 7.10%

Second Best

Apartment 5plus

$121.4K

$106.2K – $141.6K (±1% cap)

NOI $8,497 @ 7.0% cap · market cap 6.30%

Theoretical Best

Office A

$156.4K

$136.9K – $182.5K (±1% cap)

NOI $10,949 @ 7.0% cap · market cap 8.12%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Syracuse
County: Onondaga
State: New York
Longitude: -76.1485795
Latitude: 43.0659851

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For sale
Duplexes
NY
Syracuse
13208
505 Carbon St

What type of property is this?

Duplex - Well-maintained duplex near St. Joseph’s Hospital and downtown.

Where is this duplex located?

The property is located at 505 Carbon St Syracuse, NY.

What is the asking price?

The asking price for this property is $134,900.

What are key features of this property?

This property features: High‑demand rental market with $2150 monthly gross rental income.; Well‑maintained duplex featuring two spacious 2‑bedroom, 1‑bath units.; Recent updates include newer siding, newer roof, and upgraded plumbing.