Syracuse Two-Family Investment Opportunity

905 Cogswell Avenue Syracuse, NY 13209

Claim this Listing
Pending
$220,000

MULTI_FAMILY - Other - Syracuse, NY

Property size:
1,636 SF
Lot size:
0.14 Acres
Added:
May 27, 2026
Days on Market:
47
Last Refresh:
Jul 12 at 3:06 am

Property Features for 905 Cogswell Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 1
Parking features
Garage, Open
Patio and Porch features
Porch
Interior features
Storage, NaturalWoodwork, ProgrammableThermostat
Exterior features
EnclosedPorch, Porch
Appliances
GasWaterHeater
Standard status
Pending
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
Forced Air, Natural Gas
Water source
Public

Building Details

Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Varies, Carpet, Hardwood
Building materials
VinylSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Additional Structures
Storage

Listing agent David J. Manzano Sr. License #30MA0711340

Listing office MyTown Realty LLC 344 S Warren Street Suite 202, syracuse, NY

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.


Investment Insights

Based on property information with market context.

This 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 off-street parking. The first-floor apartment features an enclosed front porch entry leading to a living room, two bedrooms, and a storage closet. It has new wall-to-wall carpeting, new vinyl porch flooring, and fresh paint. 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 full bath and enclosed rear porch complete the unit. Previously rented for $1,300 per month, including use of one 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 garage bay, currently leased month-to-month for $125 per month. Tenants pay their own separate gas, electric, and heating expenses. Updates and improvements 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 lot size is 0.1377 acres, and the property size is 1,636 square feet.

Key Highlights

  • Two‑family property with 5 bedrooms and 2 full baths
  • Detached 2.5‑car garage with electric service and automatic openers plus ample off‑street parking
  • First‑floor unit features enclosed porch entry, 2 bedrooms, updated carpeting and fresh paint, plus an enclosed rear porch

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

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.

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 Uses

Best Use
Multifamily LT 5
$248.7K
$217.6K – $290.1K (±1% cap)
NOI $17,408 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K (±1% cap)
NOI $15,447 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$284.3K
$248.8K – $331.7K (±1% cap)
NOI $19,902 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Dental Office HVAC Service Accounting Firm Grocery & Convenience Store Computer & Electronic Repair Garden Center (Bike/Boat/Book/etc) Store Building Supply Big Box & Wholesale Store

Zoning and permitted uses should be independently verified with local authorities.

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 with 5 bedrooms and 2 full baths; Detached 2.5‑car garage with electric service and automatic openers plus ample off‑street parking; First‑floor unit features enclosed porch entry, 2 bedrooms, updated carpeting and fresh paint, plus an enclosed rear porch
Contact an agent
More about this property
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