Investment Opportunity!
This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one.
Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants.
Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity.
This 5-unit apartment building offers an excellent opportunity for investors seeking immediate rental income with room to add value over time. The property features five spacious 1 bedroom apartments, each with hardwood floors, and is occupied by long-term tenants, providing steady cash flow from day one.
Conveniently located in a desirable area with easy access to major highways, public transportation, shopping, and everyday amenities, this property continues to attract and retain tenants.
Major infrastructure improvements have already been completed, including a new sewer line and new water line, reducing future maintenance concerns. While there is opportunity for cosmetic updates and continued improvements, the property is already producing income, making it an ideal investment for buyers looking to generate cash flow while building long-term equity.
Property Details
Price:
$350,000
MLS #:
S1697906
Status:
Active
Beds:
5
Baths:
0
Type:
Multi Family
Subtype:
Other
Subdivision:
Smiley
Neighborhood:
syracusecity311500
Listed Date:
Jul 11, 2026
Finished Sq Ft:
4,655
Total Sq Ft:
4,655
Lot Size:
9,000 sqft / 0.21 acres (approx)
Year Built:
1940
Units:
5
See this Listing
Schools
School District:
Syracuse
Interior
Appliances
Electric Cooktop, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Flooring
Hardwood, Laminate, Varies
Heating
Other, See Remarks, Hot Water
Interior Features
Ceiling Fans
Laundry Features
Common Area
Exterior
Community Features
None
Construction Materials
Attic Crawl Hatchways Insulated, Block, Concrete, Copper Plumbing
Exterior Features
Blacktop Driveway
Lot Features
Corner Lot, Rectangular, Rectangular Lot
Parking Features
Three Or More Spaces, No Garage
Roof
Asphalt
Stories
3
Financial
Taxes
$6,051
Map
Community
- Address406 Park Avenue Syracuse NY
- SubdivisionSmiley
- CitySyracuse
- CountyOnondaga
- Zip Code13204
Subdivisions in Syracuse
- Ac Culbert
- Ackerman Farm
- Anderson
- Ardmore
- Arlington Tr
- Austin Tr
- Avondale Tr
- B
- Bellevue Estate
- Bellevue Farms
- Bellevue Hills
- Bender-Lindenmayer
- Benjamin F Green
- Berkeley Park
- Bissell & Hunt
- Bradford Hills
- Brighten
- Brighton
- Burnet Park
- Burnet Park Ext
- Calthrop
- Carldon
- Center Armory
- Changing Seasons Tr Sec 4
- City/Syracuse
- Clark & Denison Add
- Colvin
- Colvin Crest
- Colvin Farm
- Colvin Terrace
- Comstock Commons
- County/Onondaga
- Court Street Heghts Tract
- Court Street Heights
- Cowles
- Cowles Tr
- Cowles Track
- Cowles Tract
- Craddock Park
- Curtis Prop
- Curtis Tr
- Delong
- Depuy Tr
- Devonshire
- Dillaye
- Dillaye Tr
- Downtown
- Easterly
- Eastview
- Eastwood
- Eastwood Heights
- Eastwood Heights Tr
- Elmwood
- Fairview
- Fairview Tr
- Far Westside
- First Ward
- Fitch & Putnam
- Fitch & Putnam Tr
- FRANKLIN SQUARE
- Geddes
- Genesee Manor Sec D
- Genesee Manor Tract
- George H Gilbert
- Germania Park
- Germania Pk
- Gilbert
- Gilbert Amd
- Graves Tr
- Harper Tr
- Hessler
- Highland Park
- Highlands/Syracuse
- Homecroft
- Hood Tr
- Huntley
- James Street Heights
- James Street Terrace
- Jones & Clark
- Kellogg
- Kenwood
- King
- Kirk
- Kirk Park
- Kirk Tr
- Kirkpatrick
- Kline Tr
- Lakefront
- Lancaster Heights
- Lavonia
- Lee-Bush
- Lincoln Hill
- Lincoln Park
- Logan
- Loomis Tr
- Lynnhurst
- Mather Williams
- Meadowbrook
- Meadowbrrok
- Melrose Park
- Mill Pond
- N F Graves
- N F Graves Farm
- Near Eastside
- Near Northeast
- Near Westside
- Nine
- North Valley
- Northside
- Oak Rdg
- Onodaga Reservation
- Onondaga Hlnds
- Outer Comstock
- Outer Lyncourt
- Overlook Velasko Tr
- Palmer
- Palmer Tr
- Palmer Tract
- Pardee
- Parkside
- Parkway Terrace
- Pennocks Add
- Peter Knaul Tr
- Pierson
- Plum Court
- Plum Court Condo
- Prospect Hill
- Putnam Tr
- Quackenbush
- Reed
- Reed Tract
- REGIONAL/STADIUM AREA
- Riegel
- Riegel Tr
- Robinson Tr
- Rosenbloom
- Sackett
- Sackett Farm
- Sackett Tr
- Salina
- Salt Spgs Heights
- Salt Spgs Reservation
- Salt Springs
- Saunders Tract
- Scottholm
- Scottholm Estates
- Scoville
- Sedgwick
- Sherman Park Add
- Shotwell Park
- Skunk City
- Smith Terrace
- Solvay
- Solvay Tr
- South Valley
- Southwest
- Stolp Add
- Strathmore
- Strathmore Heights
- Subdivision D
- Syracuse
- Syracuse – Northside
- Syracuse Terrace
- Syracuse University Area
- T M Wood Flr Sub #5
- TIPP HILL
- Tipperary Hill
- Town/Geddes
- Town/Onondaga
- Tract Hinkley
- Tract Kiely
- Tract Smith
- University Hill
- University Neighborhood
- Valley Park
- Valley Ridge
- Van Heusen & Matson
- Van Schock
- Van Schoick
- Van Schoick Tr
- Village/Geddes
- Village/Salina
- Walnut Grove
- Warner
- Washington Square
- Webster Mile Square
- Welch & Webster Tr
- West Side
- Westcott
- Westminster
- Westminster Tr
- Westminter Tr
- William Brown Smith
- Xavier Woods
Market Summary
Current real estate data for Multi Family in Syracuse as of Jul 23, 2026
169
Multi Family Listed
145
Avg DOM
90
Avg $ / SqFt
$295,753
Avg List Price
Property Summary
- Located in the Smiley subdivision, 406 Park Avenue Syracuse NY is a Multi Family for sale in Syracuse, NY, 13204. It is listed for $350,000 To schedule a showing of MLS#s1697906 at 406 Park Avenue in Syracuse, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of Brick and Linen LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 406 Park Avenue
Syracuse, NY



