Two-Unit Duplex with Detached
614 Ulster Street, Syracuse, NY 13204
For Sale
$249,900
Pending
Separate utilities, private outdoor areas, and flexible layouts support practical multifamily ownership.
Property Size1,920 SF
Days on Market61
Property Features for 614 Ulster Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered front porch
backyard deck
fully fenced yard
detached garage
walk-up attic
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Hunt Real Estate Era
Listed By:
Elizabeth Losty · License NY #10301204987
(315) 488-2926
Source:
Griffith-realty
Added: Sep 15
Changed: Nov 11
Last Checked: Nov 12 at 4:15PM
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 Hunt Real Estate Era
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Investment Insights
Based on property information with market context.
This 1930 duplex contains two residential units with living rooms, dining areas, kitchens, bedrooms, and full bathrooms. The first-floor residence includes hardwood flooring through its main living areas, while the upper unit adds an enclosed porch. A covered front porch, backyard deck, fully fenced yard, and detached garage extend the property’s usable space. The garage provides room for vehicles, equipment, hobbies, and storage, while a full walk-up attic adds another storage area.
Each unit has separate utilities and individual circuit breakers. The property also includes an unshared driveway and is situated in Syracuse’s Tipperary Hill area, near shopping, restaurants, and everyday services.
Each unit has separate utilities and individual circuit breakers. The property also includes an unshared driveway and is situated in Syracuse’s Tipperary Hill area, near shopping, restaurants, and everyday services.
Key Highlights
- Two‑unit duplex with separate utilities and individual circuit breakers
- Detached garage plus full walk‑up attic for storage and functional workspace
- First‑floor unit includes hardwood flooring across its main living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,429
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,580
$408.6K
Cap Rate 7%
$291,843
$291.8K
Cap Rate 9%
$226,989
$227.0K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$31.1K $16.20/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$29.2K $15.20/SF
− OpEx
−$8.8K −$4.56/SF
NOI
$20.4K $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%
$408,580
Cap Rate 7%
$291,843
Cap Rate 9%
$226,989
Alternative Uses
Best Use
Multifamily LT 5
$291.8K
$255.4K – $340.5K
NOI $20,429 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$259.0K
$226.6K – $302.1K
NOI $18,128 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$333.7K
$292.0K – $389.3K
NOI $23,357 @ 7.0% cap · market cap 9.35%
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
666
Businesses Nearby
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Business Placement
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
Median Home Value
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Market
Average Price Trend$/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 - Separate utilities, private outdoor areas, and flexible layouts support practical multifamily ownership.
Where is this duplex located?
The property is located at 614 Ulster Street Syracuse, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities and individual circuit breakers; Detached garage plus full walk‑up attic for storage and functional workspace; First‑floor unit includes hardwood flooring across its main living areas
