Remodeled Two-Family
514 E Laurel St, Syracuse, NY 13203
For Sale
$220,000
Updated duplex with three-bedroom units, a garage, off-street parking, and additional outdoor space.
Property Size2,138 SF
Days on Market56
Property Features for 514 E Laurel St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
outdoor space
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Integrated Real Estate Ser LLC
Listed By:
Alan Fritz Lathrop · License NY 30LA0731266
(315) 254-3557
Source:
Elliman
Added: Sep 19
Changed: Oct 30
Last Checked: Nov 12 at 9:11AM
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 Integrated Real Estate Ser LLC
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Investment Insights
Based on property information with market context.
Located at 514 E Laurel St in Syracuse, this duplex was built in 1920 and substantially updated with new kitchens, bathrooms, paint, flooring, furnaces, circuit breakers, and windows. The property contains two residential units, each configured with three bedrooms and flexible living areas.
Exterior features include a one-car garage, off-street parking, and additional outdoor space at the rear. Walk Score is 51, Bike Score is 47, and Transit Score is 36, reflecting somewhat walkable, somewhat bikeable, and some transit access in the surrounding area.
Exterior features include a one-car garage, off-street parking, and additional outdoor space at the rear. Walk Score is 51, Bike Score is 47, and Transit Score is 36, reflecting somewhat walkable, somewhat bikeable, and some transit access in the surrounding area.
Key Highlights
- Two‑unit duplex at 514 E Laurel St, Syracuse, NY 13203
- Each unit includes three bedrooms
- Updated kitchens, bathrooms, paint, flooring, furnaces, circuit breakers, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,186
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,720
$403.7K
Cap Rate 7%
$288,371
$288.4K
Cap Rate 9%
$224,289
$224.3K
Market Conditions
NOI Build-Up for 2,138 SF
Gross rent
$39.3K $18.36/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$36.7K $17.17/SF
− OpEx
−$16.5K −$7.72/SF
NOI
$20.2K $9.44/SF
Area
Syracuse, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,720
Cap Rate 7%
$288,371
Cap Rate 9%
$224,289
Alternative Uses
Best Use
Multifamily LT 5
$325.0K
$284.4K – $379.2K
NOI $22,749 @ 7.0% cap · market cap 10.34%
Second Best
Apartment 5plus
$288.4K
$252.3K – $336.4K
NOI $20,186 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$371.6K
$325.1K – $433.5K
NOI $26,009 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,144
Businesses Nearby
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Business Placement
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
$148,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Syracuse, NY
Properties on Market for Duplexes in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with three-bedroom units, a garage, off-street parking, and additional outdoor space.
Where is this duplex located?
The property is located at 514 E Laurel St Syracuse, NY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex at 514 E Laurel St, Syracuse, NY 13203; Each unit includes three bedrooms; Updated kitchens, bathrooms, paint, flooring, furnaces, circuit breakers, and windows
