Furnished Duplex Near
For Sale
$470,000
Pending
709 Clarendon Street 11, Syracuse, NY 13210
Two-story duplex with 3- and 4-bedroom furnished units, tenant-paid gas and electric, plus onsite parking and garage.
Property Size2,744 SF
Days on Market142
Property Features for 709 Clarendon Street 11
General Information
Standard status
Pending
Size
2,744 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,376
Building Details
Building Size
2,744 SF
Year Built
1920
Stories
1
Tenancy
Multi
Listing Agency:
Acropolis Realty Group LLC
Listed By:
Andrea Bucci · License #40BU0998964
(315) 396-0493
Source:
Griffith-realty
Added: Jun 2
Changed: Oct 11
Last Checked: Oct 21 at 3:52AM
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
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Investment Insights
Based on property information with market context.
This is a two-story duplex-style income property with seven total bedrooms, featuring a 3-bedroom unit on the first floor and a 4-bedroom unit upstairs. Both units are fully furnished, including large flat screen TVs in the living room, along with living room, dining room, and bedroom furniture. The units include ceiling lights in every room and a front porch. A free washer/dryer is provided, and tenants pay gas and electric. Onsite parking is available, plus there is a 2-car garage.
Located on Clarendon Street in Syracuse, the property is described as within walking distance to campus. Mobility scores provided for the area include a Walk Score of 69 (somewhat walkable), a Bike Score of 52 (bikeable), and a Transit Score of 42.
The layout supports group living, with separate bedroom counts for each unit: 709 is the 4-bedroom configuration and 711 is the 3-bedroom configuration. Reported rents are $625 per person per month for the 4-bedroom unit and $600 per person per month for the 3-bedroom unit. A one-time yearly CAM fee of $2,100 is also noted, making this a straightforward option for buyers seeking a furnished, tenant-pay utilities setup with dedicated on-site parking.
Located on Clarendon Street in Syracuse, the property is described as within walking distance to campus. Mobility scores provided for the area include a Walk Score of 69 (somewhat walkable), a Bike Score of 52 (bikeable), and a Transit Score of 42.
The layout supports group living, with separate bedroom counts for each unit: 709 is the 4-bedroom configuration and 711 is the 3-bedroom configuration. Reported rents are $625 per person per month for the 4-bedroom unit and $600 per person per month for the 3-bedroom unit. A one-time yearly CAM fee of $2,100 is also noted, making this a straightforward option for buyers seeking a furnished, tenant-pay utilities setup with dedicated on-site parking.
Key Highlights
- Two‑story duplex built in 1920 with two furnished units: one 4‑bedroom and one 3‑bedroom
- Unit mix: 3 bedrooms on the first floor and 4 bedrooms upstairs
- Both units are fully furnished, including large flat screen TVs and ceiling lights in every room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,197
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,940
$583.9K
Cap Rate 7%
$417,100
$417.1K
Cap Rate 9%
$324,411
$324.4K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$44.5K $16.20/SF
− Vacancy
−$2.7K −$1.00/SF
EGI
$41.7K $15.20/SF
− OpEx
−$12.5K −$4.56/SF
NOI
$29.2K $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%
$583,940
Cap Rate 7%
$417,100
Cap Rate 9%
$324,411
Alternative Uses
Best Use
Multifamily LT 5
$417.1K
$365.0K – $486.6K
NOI $29,197 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$370.1K
$323.9K – $431.8K
NOI $25,908 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,381 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
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Business Placement
Demographics for 13210, NY
23,150
Population
9,774
Households
2.4
Avg Household Size
27
Median Age
50%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
6,092
Density / Sq Mi
$38,783
Median Household Income
$20,554
Median Earnings
$1,081
Median Rent
$167,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with 3- and 4-bedroom furnished units, tenant-paid gas and electric, plus onsite parking and garage.
Where is this duplex located?
The property is located at 709 Clarendon Street 11 Syracuse, NY.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Two‑story duplex built in 1920 with two furnished units: one 4‑bedroom and one 3‑bedroom; Unit mix: 3 bedrooms on the first floor and 4 bedrooms upstairs; Both units are fully furnished, including large flat screen TVs and ceiling lights in every room
