Prime 5-Unit investment opportunity in the heart of Syracuse University neighborhood!
Located just minutes from Syracuse University, this rare five-unit property offers an unmatched combination of size, location, and layout—perfect for investors seeking strong rental potential in a high-demand area. This property currently generates over $6,500 in monthly gross income, with room to increase rents according to market value, currently setup with four 1-bedroom apartments and one 3 bedroom apartment.. The property is well maintained featuring spacious units, each designed for comfort, with functional layouts that maximize rental income.
Located just minutes from Syracuse University, this rare five-unit property offers an unmatched combination of size, location, and layout—perfect for investors seeking strong rental potential in a high-demand area. This property currently generates over $6,500 in monthly gross income, with room to increase rents according to market value, currently setup with four 1-bedroom apartments and one 3 bedroom apartment.. The property is well maintained featuring spacious units, each designed for comfort, with functional layouts that maximize rental income.
Property Details
Price:
$599,900
MLS #:
S1596254
Status:
ActiveUnderContract
Beds:
5
Baths:
0
Address:
866 Lancaster Avenue
Type:
Single Family
Subtype:
Other
Subdivision:
University Neighborhood
Neighborhood:
Syracuse City-311500
City:
Syracuse
Listed Date:
Apr 1, 2025
State:
NY
Finished Sq Ft:
5,440
Total Sq Ft:
5,440
ZIP:
13210
Lot Size:
5,280 sqft / 0.12 acres (approx)
Year Built:
1920
See this Listing
Mortgage Calculator
Schools
School District:
Syracuse
Interior
Appliances
Appliances Negotiable, Gas Water Heater
Flooring
Hardwood, Laminate, Varies
Heating
Gas, Forced Air
Laundry Features
Common Area
Exterior
Construction Materials
Wood Siding
Exterior Features
Blacktop Driveway, Deck
Parking Features
One Space, Garage
Roof
Asphalt
Financial
Taxes
$14,605
Map
Community
- Address866 Lancaster Avenue Syracuse NY
- CitySyracuse
- CountyOnondaga
- Zip Code13210
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Listing courtesy of eXp Realty,
© 2025 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated May-19-2025 5:00:19 pm.
© 2025 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated May-19-2025 5:00:19 pm.
866 Lancaster Avenue
Syracuse, NY
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