Duplex With Shop
73 Syracuse St, Van Buren, NY 13027
For Sale
$279,900
Two residential units include separate laundry areas and additional adaptable space.
Property Size2,697 SF
Days on Market51
Property Features for 73 Syracuse St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
full basement
shop/garage
bonus room
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Danielle Denise Borden
(888) 276-0630
Source:
Elliman
Added: Sep 20
Changed: Oct 30
Last Checked: Nov 8 at 7:15AM
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 Danielle Denise Borden
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Investment Insights
Based on property information with market context.
This duplex, built in 1900, includes a three-bedroom, two-bath residence and a second one-bedroom, one-bath unit with an additional bonus room. Both units have their own laundry areas, while the full basement provides further room and extra laundry hookups.
The property also includes a large shop and garage equipped with electricity and plumbing. A bonus area above the garage adds space along with a full bathroom. Set on just shy of an acre at 73 Syracuse St in Van Buren, the property is within the Baldwinsville School District and offers a village setting with substantial outdoor area.
The property also includes a large shop and garage equipped with electricity and plumbing. A bonus area above the garage adds space along with a full bathroom. Set on just shy of an acre at 73 Syracuse St in Van Buren, the property is within the Baldwinsville School District and offers a village setting with substantial outdoor area.
Key Highlights
- Two‑unit layout with 3‑bedroom and 1‑bedroom residences
- Larger unit includes 2 full bathrooms; second unit has 1 full bath
- Separate laundry in each unit plus additional basement hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,464
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,280
$509.3K
Cap Rate 7%
$363,771
$363.8K
Cap Rate 9%
$282,933
$282.9K
Market Conditions
NOI Build-Up for 2,697 SF
Gross rent
$49.5K $18.36/SF
− Vacancy
−$3.2K −$1.19/SF
EGI
$46.3K $17.17/SF
− OpEx
−$20.8K −$7.72/SF
NOI
$25.5K $9.44/SF
Area
Onondaga County, NY
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,280
Cap Rate 7%
$363,771
Cap Rate 9%
$282,933
Alternative Uses
Best Use
Multifamily LT 5
$410.0K
$358.7K – $478.3K
NOI $28,697 @ 7.0% cap · market cap 10.25%
Second Best
Apartment 5plus
$363.8K
$318.3K – $424.4K
NOI $25,464 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$468.7K
$410.1K – $546.8K
NOI $32,809 @ 7.0% cap · market cap 11.72%
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
493
Businesses Nearby
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Business Placement
Demographics for 13027, NY
34,507
Population
15,276
Households
2.3
Avg Household Size
44
Median Age
45%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
515
Density / Sq Mi
$91,369
Median Household Income
$55,805
Median Earnings
$1,258
Median Rent
$226,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Onondaga County, NY
Properties on Market for Duplexes in Onondaga County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include separate laundry areas and additional adaptable space.
Where is this duplex located?
The property is located at 73 Syracuse St Van Buren, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two‑unit layout with 3‑bedroom and 1‑bedroom residences; Larger unit includes 2 full bathrooms; second unit has 1 full bath; Separate laundry in each unit plus additional basement hookups
