$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 #S1589939
Listed
$299,900
+7.15%
09/13/2024

CNYREIS #S1525673
Removed
$279,900
08/28/2024

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

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