Investment Opportunity: Fully Rented 3-Unit Multi-Family Property with Upside Potential
Discover an exceptional investment opportunity with this fully occupied 3-unit multi-family property. Each unit is separately metered, with tenants responsible for their own utilities, ensuring low operational costs and streamlined management.
Currently, rents are below market value, presenting immediate upside potential for increased cash flow through rent adjustments. The property benefits from professional property management already in place, with the management team willing to stay on board to ensure a seamless transition and continued operational efficiency.
Whether you’re a seasoned investor looking to add to your portfolio or a newcomer seeking a low-maintenance, income-generating asset, this property offers both stability and significant growth potential. Don’t miss out on this value-add opportunity
Sold for $230,000 on 03/07/25
$230,000
101 Herkimer St, Syracuse, NY 13204
8beds
3,575sqft
Multi Family
Built in 1920
-- sqft lot
$239,300 Zestimate®
$64/sqft
$1,971 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 18, 2025 at 12:02pm
Listed by:
Zachary Johnson 315-396-0493,
Hunt Real Estate Era
Bought with:
Kevin A. Neuser, 40NE0971932
Howard Hanna Real Estate
Source: NYSAMLSs,MLS#: S1582992
Originating MLS: Syracuse

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Hardwood, Luxury Vinyl, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,575
- Total interior livable area: 3,575 sqft
Property
Parking
- Total spaces: 3
- Parking features: Two or More Spaces
- Garage spaces: 3
Lot
- Size: 7,501 sqft
- Dimensions: 50 x 150
- Features: Rectangular, Residential Lot
Details
- Parcel number: 31150011200000240090000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- Resale
- Year built: 1920
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Syracuse
Other
Other facts
- Listing terms: Cash,Conventional