Listing Agency: Royal Shell Real Estate, Inc

Listed By: Frank Procopio · License #Sl3505095 Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 3:40AM

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Investment Insights

Based on property information with market context.

This four-unit residential income property is located at 713 Park Avenue in Syracuse, NY 13204. The asset is occupied by long-term tenants, providing an established tenancy profile.

Management-provided 2020 income and expense information reflects a 28% cash-on-cash return. The property is offered for sale as a quadplex.

Key Highlights

• Four‑unit residential income property
• Long‑term tenants in place
• 2020 management income and expense data

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Butcher Carpet & Flooring Store Nursing Home Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

1,239

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residential asset with established tenancy and documented operating results.

Where is this quadplex located?

The property is located at 713 Park Avenue Syracuse, NY.

What are key features of this property?

This property features: Four‑unit residential income property; Long‑term tenants in place; 2020 management income and expense data