Updated Multifamily Property in
709 Oak Street Syracuse, NY 13203
For Sale
$260,000
Pending
MULTI_FAMILY - Other - Syracuse, NY
Property Size2,476 SF
Lot Size0.14 Acres
Days on Market96
Property Features for 709 Oak Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 3
Parking features
Garage
Appliances
GasWaterHeater
Standard status
Pending
APN
311500-015-000-0012-027-000-0000
Size
2,476 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
3878
Utilities
Heating system
Electric (Heating), Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Varies, Marble
Building materials
WoodSiding
Architectural style
Other
Listing Agency:
Empire Realty Group
(585) 347-4900
Listed By:
Tonya Britton · License #10401333644
(315) 807-1751
Added: Apr 24
Changed: Jul 27
Last Checked: Jul 28 at 6:06PM
MLS# S1676047
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated three-unit multifamily property in Syracuse, NY, offers strong income potential. Each unit has been fully remodeled with modern finishes, including new flooring, fresh paint, and updated appliances. The property, situated on a 0.1394-acre lot, features a desirable mix of one three-bedroom, one two-bedroom, and one one-bedroom apartment, totaling 2476 square feet. Exterior highlights include a driveway with a garage and a charming enclosed front porch. This property is located in Onondaga County, with the postal code 13203. It is a solid addition to any portfolio or a great option for owner-occupancy.
Key Highlights
- Updated 3‑unit multifamily with fully remodeled interiors and modern finishes
- Unit mix includes one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom apartment
- Newer interior updates include fresh paint, updated appliances, and new flooring
Financial Insights For Apartment 5plus
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 | $45.5k | $18.36 |
| − Vacancy | −$3.0k | −$1.19 |
| EGI | $42.5k | $17.17 |
| − OpEx | −$19.1k | −$7.72 |
| NOI | $23.4k | $9.44 |
2,476 SF · lease $18.36/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.4K
$329.3K – $439.1K
NOI $26,345 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$430.3K
$376.5K – $502.0K
NOI $30,121 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Remodeled three-unit property with strong income potential in Syracuse, NY.
Where is this triplex located?
The property is located at 709 Oak Street Syracuse, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Updated 3‑unit multifamily with fully remodeled interiors and modern finishes; Unit mix includes one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom apartment; Newer interior updates include fresh paint, updated appliances, and new flooring
