Active
900 Danforth Street, Syracuse NY 13208
MLS# S1680291
$499,900
Price
11
Beds
-
Baths
7,966
Living Area (Sq.Ft.)
0.152
Lot Area (Acres)
$499,900
Price
11
Beds
-
Baths
7,966
Living Area (Sq.Ft.)
0.152
Lot Area (Acres)
Excellent opportunity to acquire an 11-unit multifamily property located at the corner of Danforth St & N Alvord St. This income-producing asset consists entirely of one-bedroom units and currently generates close to $100,000 annually in gross rental income with opportunity for much more. <br>The owner has made significant improvements, including a new roof installed in 2025 and renovations in 9 of the 11 units. All 9 renovated units are currently occupied, providing immediate cash flow while still offering additional upside potential for investors looking to further increase value and maximize returns. <br>There is excellent opportunity to increase monthly income by bringing all 11 units to market rent, renting the garage and driveway spaces separately, and reducing operating expenses. <br>The building is equipped with 24/7 video surveillance cameras. A property caretaker/security manager lives on site and is an added benefit for landlords. The property is currently operating with higher-than-average management and maintenance expenses that could potentially be reduced significantly by a more hands-on owner or operator. <br>Whether you are looking to expand your portfolio or step into a stabilized multifamily investment with additional value-add potential, this property presents an attractive opportunity with strong existing income and future upside. <br>Financials, rent roll, and additional property information available upon request.
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1940
Parcel Number
311500-007-000-0012-016-000-0000
Unit Number
--
Lot Features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Lot Size Dimensions
50X132
Stories
3
Community Features
None
Property Condition
Resale
Elementary School District
Syracuse
Middle Or Junior School District
Syracuse
High School District
Syracuse
Location
Listing Agent
Theodore Lewandowski
Listing Office
Hunt Real Estate ERA
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-05-27
Owner Pays
Grounds Care, Snow Removal, Water
Rent Includes
Common Area Maintenance, Snow Removal, Water
Fire Places Total
0
Flooring
Hardwood, Varies, Vinyl
Heating
true
Heating Features
Electric, Gas, Baseboard
Appliances
Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Garage
true
Garage Spaces
1
Exterior Features
Blacktop Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt
Utilities
Sewer Connected, Water Connected
Parking Features
Three Or More Spaces, Garage
Basement
Full
Construction Materials
Aluminum Siding
Patio And Porch Features
Open, Porch
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.
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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.