Duplex With Detached
901-903 Dewitt St, Syracuse, NY 13203
For Sale
$289,000
Pending
Two units with separate utilities support owner occupancy or placement of selected tenants.
Property Size2,704 SF
Days on Market63
Property Features for 901-903 Dewitt St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private back yard
shed
walk-up attic
full basement
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Howard Hanna Real Estate
Listed By:
David R. Baritell
(315) 446-8291
Source:
Elliman
Added: Sep 13
Changed: Nov 4
Last Checked: Nov 12 at 9:29AM
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 Howard Hanna Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family property offers two residential units, each with separate utilities. Both units were originally configured with three bedrooms, while the current layout combines two bedrooms into a larger primary bedroom; the configuration can be returned to three bedrooms if desired. The first floor uses a gravity furnace, and the second floor has gas forced-air heat with central air conditioning.
Property improvements include a newer roof, vinyl siding, and replacement windows. Additional features include a private backyard with shed, detached two-car garage with automatic door opener, full basement, and a large walk-up attic for storage. Built in 1938, the property is located at 901-903 Dewitt St in Syracuse, NY. WalkScore is 75, BikeScore is 54, and TransitScore is 37.
Property improvements include a newer roof, vinyl siding, and replacement windows. Additional features include a private backyard with shed, detached two-car garage with automatic door opener, full basement, and a large walk-up attic for storage. Built in 1938, the property is located at 901-903 Dewitt St in Syracuse, NY. WalkScore is 75, BikeScore is 54, and TransitScore is 37.
Key Highlights
- Two‑family property at 901‑903 Dewitt St, Syracuse, NY 13203
- Separate utilities serve both residential units
- Flexible bedroom layout with option to restore each unit to three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,530
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,600
$510.6K
Cap Rate 7%
$364,714
$364.7K
Cap Rate 9%
$283,667
$283.7K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$49.6K $18.36/SF
− Vacancy
−$3.2K −$1.19/SF
EGI
$46.4K $17.17/SF
− OpEx
−$20.9K −$7.72/SF
NOI
$25.5K $9.44/SF
Area
Syracuse, 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%
$510,600
Cap Rate 7%
$364,714
Cap Rate 9%
$283,667
Alternative Uses
Best Use
Multifamily LT 5
$411.0K
$359.6K – $479.5K
NOI $28,771 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$364.7K
$319.1K – $425.5K
NOI $25,530 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$469.9K
$411.2K – $548.2K
NOI $32,894 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 13203, NY
16,240
Population
9,092
Households
1.8
Avg Household Size
37
Median Age
28%
College-Educated
84%
High-School Grad
1.7 sq mi
ZIP Area
9,553
Density / Sq Mi
$46,526
Median Household Income
$38,240
Median Earnings
$953
Median Rent
$148,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Syracuse, NY
Properties on Market for Duplexes in Syracuse
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two units with separate utilities support owner occupancy or placement of selected tenants.
Where is this duplex located?
The property is located at 901-903 Dewitt St Syracuse, NY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑family property at 901‑903 Dewitt St, Syracuse, NY 13203; Separate utilities serve both residential units; Flexible bedroom layout with option to restore each unit to three bedrooms
