Furnished Duplex With Onsite
For Sale
$560,000
Pending
867 Sumner Ave 69, Syracuse, NY 13210
Duplex features four bedrooms per floor and fully furnished units, with onsite parking available for added convenience.
Property Size3,136 SF
Days on Market96
Property Features for 867 Sumner Ave 69
General Information
Standard status
Pending
Size
3,136 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,393
Building Details
Building Size
3,136 SF
Year Built
1915
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Acropolis Realty Group LLC
Listed By:
Andrea Bucci · License #40BU0998964
(315) 396-0493
Source:
Elliman
Added: Jun 3
Changed: Aug 27
Last Checked: Sep 5 at 1:24PM
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
Investment Insights
Based on property information with market context.
This duplex offers a total of eight bedrooms with four bedrooms on each floor. Both units are fully furnished, including living room and bedroom furniture, a large flat screen TV, and blackout curtains. Each bedroom is equipped with deadbolt locks, and ceiling lights are installed in every room. A new washer/dryer is on the first floor for added in-unit convenience.
The property is described as a short walk to campus, which may appeal to tenant groups seeking walkable daily routines. BikeScore is listed at 52, and WalkScore is listed at 69, indicating some walkability. TransitScore is listed at 42, suggesting some access to public transportation.
Onsite parking is available with reported rental income of $695 per person per month across eight spaces, and there is a one-time yearly CAM fee of $2,400 as noted in the remarks. With furnished layouts and bedroom-level security, the duplex may fit investors or operators seeking a turnkey setup for residential income use.
The property is described as a short walk to campus, which may appeal to tenant groups seeking walkable daily routines. BikeScore is listed at 52, and WalkScore is listed at 69, indicating some walkability. TransitScore is listed at 42, suggesting some access to public transportation.
Onsite parking is available with reported rental income of $695 per person per month across eight spaces, and there is a one-time yearly CAM fee of $2,400 as noted in the remarks. With furnished layouts and bedroom-level security, the duplex may fit investors or operators seeking a turnkey setup for residential income use.
Key Highlights
- Duplex built in 1915 with 8 bedrooms total—4 bedrooms on each floor
- Both units fully furnished, including large flat screen TVs, blackout curtains, and living room/bedroom furniture
- Onsite parking available; rents are $695 per person per month for 8 people
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
$33,368
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
5.96%
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%
$667,360
$667.4K
Cap Rate 7%
$476,686
$476.7K
Cap Rate 9%
$370,756
$370.8K
Market Conditions
NOI Build-Up for 3,136 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
$50.8K $16.20/SF
− Vacancy
−$3.1K −$1.00/SF
EGI
$47.7K $15.20/SF
− OpEx
−$14.3K −$4.56/SF
NOI
$33.4K $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 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%
$667,360
Cap Rate 7%
$476,686
Cap Rate 9%
$370,756
Alternative Uses
Best Use
Multifamily LT 5
$476.7K
$417.1K – $556.1K
NOI $33,368 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$423.0K
$370.1K – $493.5K
NOI $29,609 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$545.0K
$476.9K – $635.8K
NOI $38,150 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex features four bedrooms per floor and fully furnished units, with onsite parking available for added convenience.
Where is this duplex located?
The property is located at 867 Sumner Ave 69 Syracuse, NY.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Duplex built in 1915 with 8 bedrooms total—4 bedrooms on each floor; Both units fully furnished, including large flat screen TVs, blackout curtains, and living room/bedroom furniture; Onsite parking available; rents are $695 per person per month for 8 people
