Duplex Property with Updated
For Sale
$335,000
7943 E Genesee Street, Fayetteville, NY 13066
Residential, Fayetteville, NY
Property Size2,408 SF
Lot Size2.10 Acres
Price / SF$139.12
Days on Market202
Property Features for 7943 E Genesee Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3
Window features
Skylight(s)
Patio and Porch features
Deck, Porch
Interior features
SlidingGlassDoors, Skylights
Exterior features
Deck
Appliances
GasWaterHeater
Lot features
Irregular Lot, Wooded
Elementary school district
Fayetteville-Manlius
Middle school district
Fayetteville-Manlius
High school district
Fayetteville-Manlius
Directions
Just outside the Village of Fayetteville on left.
Subdivision
Manlius-313889
Standard status
Active
APN
313889-089-000-0001-003-001-0000
Size
2,408 SF
Lot size
2.10 Acres
Taxes and HOA fees
Tax Annual Amount
8727
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Flooring type
Hardwood, Tile, Laminate, Varies
Building materials
WoodSiding
Roof type
Asphalt
Listing Agency:
Keller Williams Syracuse · Keller Williams Realty
(315) 701-6900
Listed By:
Clayton Baker · License #30BA1017031
(315) 278-2832
Added: Mar 18
Changed: Oct 2
Last Checked: Oct 5 at 6:06AM
MLS# S1667664
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 duplex property consists of two updated single-family homes on one parcel. The first home offers one bedroom and one bathroom with approximately 1,000 SF, while the second home offers two bedrooms and one bathroom with approximately 1,408 SF. Both residences include hardwood, tile, laminate, and varied flooring, along with interior features such as sliding glass doors and skylights. Exterior amenities include a deck and porch, and the property is serviced by a gas water heater. Heating is provided by natural gas forced air, with an asphalt roof and wood siding.
The property is situated on 2.1 acres and includes public water and a septic tank for sewer. Constructed in 1984, the setup supports flexible living arrangements or separate tenancy across two homes.
With two complete residences on a single parcel, this layout is designed for tenants who value separate space while keeping the overall property footprint unified for management.
The property is situated on 2.1 acres and includes public water and a septic tank for sewer. Constructed in 1984, the setup supports flexible living arrangements or separate tenancy across two homes.
With two complete residences on a single parcel, this layout is designed for tenants who value separate space while keeping the overall property footprint unified for management.
Key Highlights
- Two updated single‑family homes on one parcel
- First home: 1 bed, 1 bath, ~1,000 SF
- Second home: 2 beds, 1 bath, ~1,408 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,735
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,700
$454.7K
Cap Rate 7%
$324,786
$324.8K
Cap Rate 9%
$252,611
$252.6K
Market Conditions
NOI Build-Up for 2,408 SF
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.
Gross rent
$44.2K $18.36/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$41.3K $17.17/SF
− OpEx
−$18.6K −$7.72/SF
NOI
$22.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$454,700
Cap Rate 7%
$324,786
Cap Rate 9%
$252,611
Alternative Uses
Best Use
Apartment 5plus
$324.8K
$284.2K – $378.9K
NOI $22,735 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.5K
$366.2K – $488.2K
NOI $29,294 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 13066, NY
12,949
Population
5,971
Households
2.2
Avg Household Size
48
Median Age
65%
College-Educated
96%
High-School Grad
14.8 sq mi
ZIP Area
875
Density / Sq Mi
$121,599
Median Household Income
$70,284
Median Earnings
$1,218
Median Rent
$265,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two updated single-family homes on one parcel with multiple bedrooms, natural gas forced-air heat, and public water on-site.
Where is this multifamily property located?
The property is located at 7943 E Genesee Street Fayetteville, NY.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two updated single‑family homes on one parcel; First home: 1 bed, 1 bath, ~1,000 SF; Second home: 2 beds, 1 bath, ~1,408 SF
