406 Park Avenue
Syracuse, NY, 13204
$350,000
5 Beds
0 Baths
4,655 SqFt
0.21 Acres
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MLS #S1697906 image #0
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.

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
Syracuse City-311500Syracusecity311500SmileySyracuseProbate

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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

Subdivisions in Syracuse

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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406 Park Avenue
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