Syracuse Two-Family Investment
905 Cogswell Avenue, Syracuse, NY 13209
New
MULTI_FAMILY - Other - Syracuse, NY
Property size:
1,636 SFLot size:
0.14 AcresPrice / SF:
$134/SF- Added:
- May 27, 2026
- Days on Market:
- 1
- Last Refresh:
- May 27 at 5:06 pm
Property Features for 905 Cogswell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4
- Parking features
- Garage, Open
- Patio and Porch features
- Porch
- Interior features
- Storage, NaturalWoodwork, ProgrammableThermostat
- Exterior features
- EnclosedPorch, Porch
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 313201-008-000-0006-007-000-0000
- Size
- 1,636 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6004
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Varies, Hardwood
- Building materials
- VinylSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent David J. Manzano Sr. License #30MA0711340 (315) 497-6500
Listing office MyTown Realty LLC 344 S Warren Street Suite 202, syracuse, NY (315) 497-6500
Listing date May 27, 2026
MLS# S1684674
Listing URL
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.
HighLights
- Two‑family property ideal for investment or owner‑occupancy with potential rental income.
- Detached 2.5‑car garage with electric service and automatic openers, plus ample off‑street parking.
- First‑floor apartment is vacant, clean, and move‑in ready with new carpeting, vinyl flooring, and fresh paint; previously rented for $1,300/month (including garage bay).
- Separate income from second‑floor apartment ($780/month) and rented 1.5‑car garage bay ($125/month).
- Tenants pay their own gas, electric, and heating expenses.
- Updated with vinyl siding, circuit breakers, copper plumbing, newer PVC sewer line, and approximately 7‑year‑old roof.
Overview
This well-maintained two-family property in Syracuse, NY, presents an opportunity for investors or owner-occupants seeking rental income. The property includes a detached 2.5-car garage with electric service and automatic openers, along with ample off-street parking. The first-floor apartment features an enclosed front porch entry leading to a bright living room, two bedrooms, storage closet, new wall-to-wall carpeting, new vinyl porch flooring, and fresh paint throughout. The eat-in kitchen has natural wood paneling and provides access to the common lower-level laundry area with a Maytag washer and dryer. A modestly updated full bath and enclosed rear porch complete the unit. Previously rented for $1,300 per month, including use of the right-side garage bay, this apartment is now vacant. The second-floor apartment is currently occupied on a month-to-month basis at $780 per month and features a rear entry, eat-in kitchen, living room, full bath, and three bedrooms, along with interior access to the lower-level basement laundry facility. Additional income is generated from the independently rented left-side 1.5-car garage bay, currently leased month-to-month for $125 per month. Tenants are responsible for their own gas, electric, and heating expenses. Updates include vinyl siding, circuit breakers, copper plumbing, a newer PVC sewer line to the road, and an approximately 7-year-old roof. The property is located close to schools, parks, shopping, and other Village amenities. The property size is 1,636 square feet and the lot size is 0.1377 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$193.4K
NOI $17,408 @ 9.00% cap · cautious / downside scenario
Moderate
$248.7K
NOI $17,408 @ 7.00% cap · market / base-case scenario
Aggressive
$348.2K
NOI $17,408 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.5k | $16.20 |
| − Vacancy | −$1.6k | −$1.00 |
| EGI | $24.9k | $15.20 |
| − OpEx | −$7.5k | −$4.56 |
| NOI | $17.4k | $10.64 |
1,636 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$248.7K
$217.6K – $290.1K
NOI $17,408 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,447 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$284.3K
$248.8K – $331.7K
NOI $19,902 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.217941
- Latitude
- 43.055811
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family property with detached garage and ample parking.
Where is this duplex located?
The property is located at 905 Cogswell Avenue Syracuse, NY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑family property ideal for investment or owner‑occupancy with potential rental income.; Detached 2.5‑car garage with electric service and automatic openers, plus ample off‑street parking.; **First‑floor apartment is vacant, clean, and move‑in ready with new carpeting, vinyl flooring, and fresh paint; previously rented for $1,300/month (including garage bay).**
