854-856 Lancaster Avenue
Syracuse, NY, 13210
$589,000
11 Beds
4 Baths
3,186 SqFt
0.24 Acres
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Turnkey University Rental Property – Prime Investment Opportunity!
Discover the perfect addition to your real estate portfolio with this exceptional 3-unit university rental property. Whether you’re an experienced investor or a first-time buyer, this fully rented, income-generating property offers immediate cash flow in one of the strongest rental markets in the area.
This unique investment includes two units in the main front building and a standalone former carriage house, providing diverse rental options for tenants. Thoughtfully upgraded throughout.

Fully rented – Stable income from day one. Turnkey investment – No immediate renovations needed Major upgrades completed – Including brand-new drains and sewer lines Ample parking – A rare and valuable feature for tenants Highly desirable location – Consistently strong rental demand

With significant income potential and a compelling success story, this property is a smart choice. Opportunities like this don’t last long! Schedule a showing today and see for yourself why this is the perfect investment.

Property Details

Price:
$589,000
MLS #:
S1590685
Status:
ActiveUnderContract
Beds:
11
Baths:
4
Address:
854-856 Lancaster Avenue
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Westminster
Neighborhood:
Syracuse City-311500
City:
Syracuse
Listed Date:
Feb 28, 2025
State:
NY
Finished Sq Ft:
3,186
Total Sq Ft:
3,186
ZIP:
13210
Lot Size:
10,576 sqft / 0.24 acres (approx)
Year Built:
1915
Units:
3
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Schools

School District:
Syracuse

Interior

Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Hardwood, Laminate, Varies
Heating
Gas, Forced Air

Exterior

Construction Materials
Other, See Remarks, Copper Plumbing
Parking Features
Paved, Two Or More Spaces
Roof
Asphalt, Shingle

Financial

Taxes
$12,947

Map

Community

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854-856 Lancaster Avenue
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