Furnished Duplex With Onsite
For Sale
$560,000
867 Sumner Ave Unit 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
Price / SF$178.57
Days on Market141
Property Features for 867 Sumner Ave Unit 69
General Information
Standard status
Active
Size
3,136 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Acropolis Realty Group LLC
Listed By:
Andrea Bucci · License #40BU0998964
(315) 396-0493
Source:
Skinnercnyrealty
Added: Jun 3
Changed: Oct 1
Last Checked: Oct 7 at 3:24PM
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
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Investment Insights
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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 / Yr
$33,368
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 Unit 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
