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.
Sold for $553,370 on 05/20/25
$553,370
854-856 Lancaster Ave, Syracuse, NY 13210
11beds
3,186sqft
Multi Family
Built in 1915
-- sqft lot
$563,200 Zestimate®
$174/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 20, 2025 at 05:25pm
Listed by:
Daniel Murphy 315-422-0709,
University Hill Realty Ltd
Bought with:
NON MLS
NON MLS
Source: NYSAMLSs,MLS#: S1590685
Originating MLS: Syracuse

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Hardwood, Laminate, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,186
- Total interior livable area: 3,186 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved, Two or More Spaces
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,576 sqft
- Dimensions: 80 x 132
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 31150005200000050160000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, See Remarks, Copper Plumbing
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1915
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Cable Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Syracuse
- Subdivision: Westminster
Other
Other facts
- Listing terms: Cash,Conventional