Duplex with Separate
605 Carbon Street Syracuse, NY 13208
605 Carbon Street, Syracuse, NY, 13208
$625,000
For Sale
$625,000
Duplex with separate utilities, two-bedroom right unit and one-bedroom rear unit, plus relatively new furnaces and hot water heaters.
Property Size1,706 SF
Price / SF$366.35
Days on Market88
Property Features for 605 Carbon Street
General Information
- Standard status
- Active
- Size
- 1,706 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
Coldwell Banker Prime Prop,Inc
(315) 446-2910
Listed by
Susan Li · License #30LI0956504
(315) 446-2910
Source
Xome
Added: Apr 25 Updated: Jul 20 at 8:45PM Checked: Jul 21 at 3:09AM
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 Coldwell Banker Prime Prop,Inc
Investment Insights
Based on property information with market context.
This duplex is offered as part of a four-property portfolio sale that includes 605 Carbon St., 612 Kirkpatrick St., 2409 Lodi St., and 2422 Lodi St., with combined rent rolls cited at $8,050 per month. The property includes a two-bedroom right unit and a one-bedroom rear unit.
The units have separate utilities and the tenants pay their own. Both furnaces and hot water heaters are described as fairly new, with an age of less than six years.
The rear unit is noted as having long-term tenants. The offering remarks also reference over 11% cash on cash return.
The units have separate utilities and the tenants pay their own. Both furnaces and hot water heaters are described as fairly new, with an age of less than six years.
The rear unit is noted as having long-term tenants. The offering remarks also reference over 11% cash on cash return.
Key Highlights
- Duplex layout with a 2‑bedroom right unit and a 1‑bedroom rear unit
- Separate utilities: tenants pay their own; both furnaces and hot water heaters are under 6 years old
- Part of a 4‑property portfolio to be sold with 605 Carbon St, 612 Kirkpatrick St, 2409 Lodi St, and 2422 Lodi St ($8,050/month rent rolls)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $16.20 |
| − Vacancy | −$1.7k | −$1.00 |
| EGI | $25.9k | $15.20 |
| − OpEx | −$7.8k | −$4.56 |
| NOI | $18.2k | $10.64 |
1,706 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$259.3K
$226.9K – $302.5K
NOI $18,152 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$230.1K
$201.3K – $268.5K
NOI $16,107 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$296.5K
$259.4K – $345.9K
NOI $20,754 @ 7.0% cap · market cap 3.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with separate utilities, two-bedroom right unit and one-bedroom rear unit, plus relatively new furnaces and hot water heaters.
Where is this duplex located?
The property is located at 605 Carbon Street Syracuse, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Duplex layout with a 2‑bedroom right unit and a 1‑bedroom rear unit; Separate utilities: tenants pay their own; both furnaces and hot water heaters are under 6 years old; Part of a 4‑property portfolio to be sold with 605 Carbon St, 612 Kirkpatrick St, 2409 Lodi St, and 2422 Lodi St ($8,050/month rent rolls)
