Prime 5-Unit investment opportunity in the heart of Syracuse University neighborhood.
Located just minutes from Syracuse University, this rare five-unit property offers an unmatched combination of size, location, and layout—perfect for investors seeking strong rental potential in a high-demand area. This property currently generates over $6,500 in monthly gross income, with room to increase rents according to market value, currently setup with four 1-bedroom apartments and one 3 bedroom apartment.. The property is well maintained featuring spacious units, each designed for comfort, with functional layouts that maximize rental income.
Closed
$560,000
866 Lancaster Ave, Syracuse, NY 13210
5beds
0baths
5,440sqft
Multi Family
Built in 1920
-- sqft lot
$564,400 Zestimate®
$103/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 18, 2025 at 08:26am
Listed by:
Esmir Omerovic 888-276-0630,
eXp Realty
Bought with:
Esmir Omerovic, 10301216408
eXp Realty
Source: NYSAMLSs,MLS#: S1596254
Originating MLS: Syracuse
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 0
Heating
- Gas, Forced Air
Appliances
- Included: Appliances Negotiable, Gas Water Heater
- Laundry: Common Area
Features
- Flooring: Hardwood, Laminate, Varies
- Basement: Partially Finished
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 5,440
- Total interior livable area: 5,440 sqft
Property
Parking
- Parking features: One Space, Garage
Features
- Stories: 3
- Patio & porch: Deck
- Exterior features: Blacktop Driveway, Deck
Lot
- Size: 5,279 sqft
- Dimensions: 40 x 132
- Features: Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 31150005200000050190000000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Asphalt
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