1516 Valley Dr Syracuse, NY 13207
For Sale
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This exceptional investment opportunity presents a charming, one-story, three-unit building situated on a 0.1-acre lot in Syracuse, NY. Built in 1935, the property, located at 1516 & 1522 Valley Dr (APN: 311500-070-000-0015-010-000-0000), is currently generating a monthly rental income of $1,450. The property consists of a storefront and apartment units, offering a blend of retail and multifamily uses under permitted zoning 010. The building features three units in total. This property is being sold as-is, with all faults. The seller reserves the right to set an offer deadline. A minimum 48-hour notice is required for showings due to tenant occupancy. Conveniently located near various stores, restaurants, and shops, this property offers easy access to downtown Syracuse's amenities and boasts ample off-street parking. While currently rented, this property presents a compelling cash-flow opportunity for investors. This property may be sold as a package with the adjacent property at 1516 Valley Dr, but it is not required. The asking price for this property is $117,500.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
10 · Syracuse, NYSyracuse. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.