tomo logo

$299,900

Beds
4
sq ft
6,366

318 E Division St, Syracuse, NY 13208

318 E Division St

Syracuse, NY 13208

  • 6 days on market
Prime Investment Opportunity – 5-Unit Mixed-Use Property This well-maintained 5-unit mixed-use building presents an excellent investment opportunity with strong rental income and upside potential. The property consists of four occupied residential units and one vacant commercial storefront, offering a diverse income stream. Key Features: • Strong Cash Flow – Currently grossing $5,332 per month, with the potential to reach the mid-$6,000s once the commercial space is leased. • Reliable Tenancy – A majority of the residential rent is subsidized, ensuring consistent and secure rental payments. • Separate Utilities – Individually metered gas and electric, minimizing landlord expenses. • Opportunity for Growth – The vacant storefront provides the chance to add value with a new tenant This property is perfect for investors seeking stable income with room to increase returns. Don’t miss out on this versatile and income-generating asset!

Details

Property type

Lot size

3,267 sq ft

Price per sq ft

$48

Year built

1940

Annual property taxes

$5,678

Price History

02/25/2025
CNYREIS

CNYREIS #S1589939

Listed
$299,900
+7.15%
09/13/2024
CNYREIS

CNYREIS #S1525673

Removed
$279,900
08/28/2024
CNYREIS

CNYREIS #S1525673

Price change
$279,900
-6.67%

Schools & Community

Neighborhood: 

Washington Square

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Syracuse

Status: Active

Tomo last checked: 03/04/2025 at 12:15 AM

Listing updated: 02/25/2025 at 2:04 PM

Listed by: Zachary Johnson, Acropolis Realty Group LLC Phone #: (315) 396-0493

MLS: CNYREIS #S1589939

CNYREIS logo

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