Active
114 Freeman Avenue, Geddes NY 13209
MLS# S1656385
$1,450,000
Price
10
Beds
-
Baths
10,928
Living Area (Sq.Ft.)
0.11
Lot Area (Acres)
$1,450,000
Price
10
Beds
-
Baths
10,928
Living Area (Sq.Ft.)
0.11
Lot Area (Acres)
Available on the market for the first time in 40 years, this rare 10-unit portfolio in the heart of the Village of Solvay offers a unique blend of stability and upside for investors. Data in this description pertains to both 114 and 112 Freeman Avenue combined. Consisting of three structures: a 7-unit apartment building, a 2-family multi, and a single-family colonial—all contiguous and sharing off-street parking. Each of the 10 units has separate utilities and a varied mix of sizes (1 one-bedroom, six two-bedroom, two three-bedroom, and one four-bedroom stand-alone home), giving you multiple leasing and marketing strategies. Current rents are below market value, translating into a potential 13% pro forma cap rate—an exceptional value-add play. Located in a tight-knit, lakeside community just minutes from downtown Syracuse, Solvay boasts scenic outdoor amenities, small-town conveniences and attractions, and the benefit of locally controlled, low-cost utilities via municipality-owned Solvay Electric. With strong fundamentals, thoughtful upkeep, and long-term appreciation potential, this property presents a rare opportunity to acquire a performing asset with plenty of room to grow. The hands-on owner of this well-maintained package has 55 years of experience owning and managing over 100 units. He has decided to move on to new projects, presenting an excellent opportunity for the new owner.
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1910
Parcel Number
313201-010-000-0006-008-000-0000
Unit Number
--
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Levels
Two
Building Area Source
Assessor
Lot Size Dimensions
40X120
Stories
2
Community Features
LaundryFacilities,Other,StorageFacilities,SeeRemarks
Property Condition
Resale
Elementary School
Solvay Elementary
Elementary School District
Solvay
Middle Or Junior School
Solvay Middle
Middle Or Junior School District
Solvay
High School
Solvay High
High School District
Solvay
Location
Listing Agent
Bill & Sharon Crocker
Listing Office
Hunt Real Estate Era
Owner Name
--
Owner Phone
--
Possession
Closing
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional, Private Financing Available
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-01-03
Tenant Pays
AllUtilities
Fire Places Total
0
Interior Features
Ceiling Fans, Cathedral Ceilings, Storage
Flooring
Carpet, Hardwood, Varies, Vinyl
Laundry Features
Common Area, Coin Operated
Cooling Features
Zoned
Heating
true
Heating Features
Zoned, Baseboard, Electric
Appliances
Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Electric
Circuit Breakers
Window Features
ThermalWindows
Garage
false
Garage Spaces
0
Exterior Features
Blacktop Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt
Utilities
Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Parking Features
One Space, No Garage
Basement
Full, Partially Finished
Construction Materials
Brick, Frame, Other, Vinyl Siding, Copper Plumbing
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.