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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

    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.

    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#: S1590685MLS LogoOriginating 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
    Services availability